We review your contract to determine what terms were agreed upon including discount rate, transactional fees, duration of contract and early termination fees.
Interview and Investigate
We conduct a 30 to 45 minute interview with a merchant to determine how they accept credit cards and what software and hardware they use.
Merchant submits 2-3 monthly recent credit card statements to FroogalPay. We review the statements to determine if the contractual terms are being satisfied. In addition, we look for the existence of processing and interchange downgrades.
Benchmark & Report
Within 2 weeks after receiving all the necessary information, FroogalPay provides a report outlining potential savings opportunities and required steps to implement the various options.
FroogalPay convenes another 30 to 45 minute call, whereby we recommend whether the potential savings should be pursued.
Based on merchant preference, we can work directly with their processor to implement a solution or we can stay in the background and empower the merchant with the necessary tools and information to negotiate themselves.