Payleadr’s is a technology provider that had a vision of allowing businesses to manage recurring payments on the go, 24/7. The platform would eliminate time consuming and costly manual processes by providing a ‘mobile first’ experience to those on both sides of the transaction.Payleadr will oversee all financial aspects of the customer relationship on behalf of the business, including the efficient collection of any overdue amounts.Payleadr wanted to start an online merchant platform with the aim of providing sellers a convenient way to sell their products and services. They were initially using a third-party platform which was not customizable as per their requirements. Key Challenges: 1. Integrating a PCI compliant payment solution to the platform.2. Providing a fully customizable solution to each seller.3. Implementing multiple rules for overdue collections based on the payment frequency and payment method(ACH/Credit Card).4. Integrating an effective OCR(Optical Character Recognition) module to convert payment card images into text.5. Handling webhooks and transaction reverts differently for ACH/Credit card.6. Implementing detailed reports of aggregated data of sellers and buyers transactions.7. Delivering the production ready project within a tight schedule of 3 months.
