Payment Reconciliation
Payment reconciliation is the process of verifying that payment transactions recorded in internal systems match the corresponding records from payment processors, banks, and acquirers. For fintechs processing thousands of daily transactions through Stripe, Adyen, PayPal, and other PSPs, payment reconciliation ensures every charge, refund, chargeback, and fee is accurately accounted for. Automated payment reconciliation eliminates manual CSV matching and catches discrepancies in real time.
Key Details
- Matches payment processor settlement reports against internal order/transaction records
- Handles complex payment scenarios: partial refunds, chargebacks, currency conversion, and processor fees
- Multi-PSP reconciliation normalizes data formats across Stripe, Adyen, Braintree, PayPal, and others
- Fee reconciliation verifies processor charges match contracted rates and flags overcharges
- Settlement timing differences (T+1, T+2, T+3) require date-aware matching logic
- Real-time reconciliation alerts operations teams to settlement failures or missing transactions immediately
- Integration with accounting systems ensures reconciled data flows directly to GL and financial reports