Client
B2B Merchants
Project
Reduce interchange rates
Project Description
Problem: A manufacturing company was suffering significant interchange penalties on B2B transactions. The merchant did not want to create friction with their customers nor their own staff by requiring either of them to enter extra data needed to properly qualify the transactions. In addition, they did not want to switch gateways or processors to solve the problem.
Solution: Since the customer’s payment gateway provider is a part of the FroogalPay ecosystem, the customer was able to use FroogalPay’s virtual terminal. Subsequently, FroogalPay auto-generates the necessary information and pushes the data into the merchant’s payment gateway. As a result, their transactions are now properly qualifying and the merchant is seeing up to 40% savings on B2B transactions.
Categories
- B2B Merchants
- Interchange cost
- Interchange rates
