Q&A

Credit card reconciliation is a process aimed at verifying that every transaction made at a business using a credit card has ultimately been credited to the business’s bank account.

In practice, any business that processes credit card payments needs this service, as it can save a significant amount of time and money.

Credit card reconciliation gives businesses peace of mind that all processed transactions were successfully credited, while also providing additional tools for more efficient management of day-to-day operations.

Absolutely. The CrediMatch system provides full support for all credit card companies and clearing/collection/payment-processing services in Israel. You can use our services even if you process payments through a collection/clearing agency, including cases where you work with a discounting/collection company.

Journal entry files replace the manual typing required to close the relevant ledgers/accounts in the accounting system. We automatically generate journal entries for the business, with no human intervention, and in full alignment with the invoices issued by the credit card/payment processing companies.

CrediMatch treats customer data with the highest level of seriousness and provides a fully secure solution for its clients. Our system is built on a protected web infrastructure, including storage in secured vault servers and encryption of all data transmitted from the server.

Very simple. A representative from our onboarding and implementation team will guide you through every step until the system is successfully launched. The process includes a one-time connection to the file-retrieval service of the credit card/discounting/clearing companies — from that point onward, everything runs automatically. We will set up your account in the system, and you’ll be able to view all reports independently at any time.