Using Payment Service Providers (PSP) is great because they allow you to accept multiple forms of payment without any real hassle, but the obvious counterpart is you have to pay something for their service.
Each PSP has usually a different commission type and amount applied to transactions made using their services, sometimes the commission is a flat amount otherwise it is a percentage based on the amount or it can even be both.
Your e-commerce will usually log the amount of the sale, which is technically correct, but accounting-wise you also need to know how much you really earned by selling your product or service and for small businesses a few dollars can make a huge difference!
Our tool will retrieve your payment gateways from your website and you will be able to define each vendor commissions, your revenues will then be calculated on the net amount, reflecting more honestly your economic health.
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