How we helped
After analyzing our client’s ecosystem, we discovered 90% of all transactions were recurring payments. It would have been possible to re-negotiate and choose a product integrating with their current accounting software.
The next step was developing the recurring payment software that automatically deducted the credit cards each month. The account updater platform, which allows expired credit cards to be updated without the customer needing to be contacted.
As a result, we optimized the interchange fees, reduced credit card processing fees, increased client satisfaction, increased staff productivity, and, of course, improved team morale!
Our client has been using our watchlist service since 2019. Our client received a refund after receiving one rate increase that we flagged on our end.
Avrage Monthly CreditCard Valume: $600,000 USD
Annual processing valume: $7,199,760 USD
- Annual saving $57,697 USD
- NO rate increase since 2020!
- Reduced chargebacks by 78%