Private Equity company needed high risk processing to close purchase

Client

Private Equity Firm

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.

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