Client
Private Equity Firm
Project
Complete the acquisition
Project Description
Problem: Private equity firm was purchasing a travel industry company. The merchant services provider indicated that they would not allow the contract to be assigned to the new owner without a 90 day rolling 100% reserve. Without processing in place, the private equity firm would not complete the acquisition.
Solution: FroogalPay was able to identify a processor that would provide processing without a reserve and without high risk rates.
Categories
- Software
- Identify a processor
- Complete the acquisition