All businesses do not confirm payments in the same way. This is mainly due to the size of the business. A small business may confirm payments manually. On the other hand, a large business may need a payment system that communicates with their ordering system when payments are received. Paywise can address the payment confirmation needs of small to large businesses.
There are 3 ways to confirm a payment Paywise: Manual Method, Automated Method, and Integrated Method. With each method, the merchant issues the customer a number to make the payment.
Manual Method
The merchant issues a fixed number to all customers. In other words, all customers make payments using the same number. To confirm the payment, the customer must provide the merchant with a copy of the payment receipt.
Usually, the customer sends a copy of the receipt using WhatsApp or Messenger. The image must clearly show the receipt number and other payment information.
The merchant then logs into his or her Paywise account and verifies the receipt information against the Paywise payment transactions.
Automated Method
The merchant issues a unique number to each customer. There is no need for the customer to send a copy of the receipt.
An example of how this works: Each customer is given a unique number to make a payment. This number could be a customer number or an order number. The customer uses the unique number to make the payment at the NLCB LOTTO agent.
When Paywise processes the payment the merchant knows exactly which customer or order was paid. The merchant has to view the list of payment transactions to identify paid transactions.
Integrated Method
Like the automated method, the merchant issues a unique number to each customer. However, when payments are processed Paywise will post the payment information to the merchant’s website.
With the integrated method, the customer does not have to provide a copy of the receipt and there is no need for the merchant to check the transactions on Paywise.
By posting the payment transactions to the merchant’s website, the merchant system can automatically identify paid transactions and update the transaction status accordingly.
All three methods are available free of charge to Paywise clients.