Private Equity company needed high risk processing to close purchase

Private Equity Firm
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.

  • Software
  • Identify a processor
  • Complete the acquisition