Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Collector
A collector bundles payments from different payment methods and passes them on to the client in summarized form.
The advantages
This has the advantage that a separate invoice does not have to be created for each payment method. Due to time-delayed billing, the reconciliation of the different payment methods is time-consuming and cost-intensive. The reporting of a collector can contribute decisively to clarity and cost savings, especially with different payment methods and foreign transactions.