Third-party systems are complex infrastructures
Posted: Sat Dec 07, 2024 7:20 am
Merchants of Record are no different. Collaborating with third parties means potentially exposing your business to errors you cannot control, which can impact your cash flow and business profitability. To keep your business operations running smoothly and eliminate the risk of facing system failures, avoid working with self-proclaimed, young, or otherwise, inexperienced MoRs.
Being new to the market, these providers have not been able to perform rigorous platform testing on the wide range of scenarios that exist. Their lack of experience and industry knowledge is responsible for diverse system errors that seriously impact businesses when using these solutions.
On top of system errors, some situations are impossible to control, like bank or PayPal declines and Visa and MasterCard regulations. When this happens, an experienced MoR with an excellent track record will know how to react in favor of the client, advising them on multiple scenarios and guiding them to the next steps.
Integration Process
Merchants of Record are often labeled as difficult to integrate, afghanistan telemarketing list but this is not entirely because of the complexity of the system itself. Yes, the MoR infrastructure is elaborate, as it tackles numerous undertakings connected to global selling. The real issue, however, is the onboarding process, which in most situations is not user-friendly and completely lacks the payment provider's assistance, making it time-consuming and very difficult to manage, especially if system customizations are required.
There are, however, some MoR partners constantly working to streamline their onboarding and offer their users a flawless experience. PayPro Global, for example, has an entire team dedicated to helping the client throughout the integration process, allowing them to start selling immediately. Benefiting from an assisted onboarding experience, clients can focus on their product while we handle the integration and system customization operations.
Being new to the market, these providers have not been able to perform rigorous platform testing on the wide range of scenarios that exist. Their lack of experience and industry knowledge is responsible for diverse system errors that seriously impact businesses when using these solutions.
On top of system errors, some situations are impossible to control, like bank or PayPal declines and Visa and MasterCard regulations. When this happens, an experienced MoR with an excellent track record will know how to react in favor of the client, advising them on multiple scenarios and guiding them to the next steps.
Integration Process
Merchants of Record are often labeled as difficult to integrate, afghanistan telemarketing list but this is not entirely because of the complexity of the system itself. Yes, the MoR infrastructure is elaborate, as it tackles numerous undertakings connected to global selling. The real issue, however, is the onboarding process, which in most situations is not user-friendly and completely lacks the payment provider's assistance, making it time-consuming and very difficult to manage, especially if system customizations are required.
There are, however, some MoR partners constantly working to streamline their onboarding and offer their users a flawless experience. PayPro Global, for example, has an entire team dedicated to helping the client throughout the integration process, allowing them to start selling immediately. Benefiting from an assisted onboarding experience, clients can focus on their product while we handle the integration and system customization operations.