The Green Sheet Online Edition
July 7, 2024 • 24:07:01
Surpass competitors with unique visibility into residuals
Dapit, a spirited payment solutions provider headed by engineers Frank A Cristaudo, CEO, and Andrew Clough, COO, recently created ResidualReports.com, a centralized platform to report commissions for ISOs, merchant level salespeople (MLSs) and other sales reps working in payments and other commission-based industries.
This new offering is in line with Dapit's mission, which is to democratize payout services by revolutionizing the way transactions are processed. As disruptors in the field, the company stated, we are committed to streamlining business processes, eliminating unnecessary middleware, and empowering both merchants and consumers with unprecedented optionality, cost savings and transparency.
As Dapit’s first product to market, ResidualReports.com will be a foundational product, promoting brand awareness that our products aim to solve a business need and serve a social good, the company noted.
Custom integrations
Dapit offers individual monthly subscriptions for ResidualReports.com to agents in addition to collaborating with ISOs to develop custom API integrations, allowing ISOs to offer their MLSs direct access to ResidualReports.com's functionalities.
ISOs can use ResidualReports.com to report residuals by user or platform to create residual calculations for their sales force, or they can use their API for reporting. Also available for agents is a customizable, real-time underwriting application that can be downloaded from both the App Store and Google Play.
Comprehensive reporting
Reports provide agents with a comprehensive breakdown of the monthly fee payout structure for each merchant account under their management, detailing collected fee amounts, line item by line item, and clearly presenting total monthly residual payments to be expected from ISOs, Dapit noted.
ResidualReports.com is forged from IP technology that has served merchants for years, Dapit stated, adding that ResidualReports.com provides agents full transparency into the fee revenue made by ISOs, offering agents a means to hold industry partners accountable .
ISOs seeking a competitive advantage can offer agents under their management unique visibility into their residual revenues for each merchant account and deliver transparency via easy-to-read spreadsheets broken down into line items according to residuals generated by fee type, including totals owed to the agent, Dapit said. 
Website: www.dapit.com/solutions/residualreports Contact: serviceteam@dapit.com
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