How do you manage third party payment reporting?

Landau
Tourist
5 0 2

Hello,

 

I am trying to set up a third party payment provider and was wondering if there was a way to get the following in one report;

 

A: The third-party payment provider's transaction fees

B: Transaction History (Including shopify order ID's)

C: Shopify's transaction fee for using a third-party

I know there are a lot bigger merchants on Shopify that use third-party payment apps and I'd like to know how they manage their reporting if having a third-party provider means mixing & matching reports.

Thank you

 

 

Michael Landau
Marketing Executive
Industrial Plasters
Reply 1 (1)

TrueProfit_Jen
Shopify Partner
40 1 9

Hello @Landaut

To get a report on a third-party payment provider's transaction fees, transaction history and Shopify's transaction fee, you can use the payment provider’s reporting tools through Shopify.

 

However, this way may require a lot of steps from setting up, exporting and combining CSV files to collecting order IDs and you may have to calculate transaction fees manually. Also, Shopify reports only show some metrics, not every metric that you want to track (like the payment gateway fee).

The easier way is using a third-party app like TrueProfit to keep track of these expenses automatically.

In TrueProfit, you can:

  • Connect the payment gateway accounts and set up all necessary fees one time only. With our user-friendly system, you have the flexibility to set up the calculation formulas based on order price, payment gateway fee, and Shopify external gateway fee, as shown in the screenshot below. Once you've configured the fees, TrueProfit will automatically calculate them for you and include them in the cost breakdown report

TrueProfit_Jen_0-1682398372504.png

TrueProfit_Jen_1-1682398388464.png

 

Apart from that, the app can also help you

  • Sync items from your Shopify store and manage their costs with any additional fees
  • Automatically tracking and real-time reporting all expenses in one dashboard
  • Moreover, to provide you with the most valuable metrics, TrueProfit also integrates with Ads platform to keep track of your advertising fee.

Specially, no need for a laptop, after setting up all necessary costs or fees, you can keep track real time profit and loss with our mobile app. You can easily perform various tasks without being tethered to a computer. Whether you need to check your account balance, pay bills, or transfer funds, our mobile app makes it all possible with just a few taps on your smartphone or tablet.

 

If you're interested to know more about our app, you can visit our app listing: TrueProfit
In case you need any further support, message me directly, I’d love to assist.

 

Have a nice day,
Jen from TrueProfit.

TrueProfit - The Ultimate Real-time Profit Tracker For Shopify

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