In the modern era, it is a rare sight indeed to find a business that does not rely on e-commerce channels either to boost their brick and mortar sales or even as their main source of revenue. As the number of businesses that achieved significant e-commerce volumes increased, a new need emerged. More and more upper managers in medium to large e-commerce companies started to feel frustrated from their interaction with the payments ecosystem and how hard and expensive it really is to navigate the process of getting the clients money into their bank account, moreover PSD2 arrives to disrupt the payment ecosystem as we know it.
WHY KNOWING THE CORRECT INTERCHANGE MATTERS
The interchange is the most major component of the total cost in a credit card transaction and unlike what most payment service providers and acquirers want you to believe, there are ways to optimize it.
Example of a German merchant charging a German VISA debit card 100€ throught Secure Ecommerce channel:
|Interchange option 1 with German Domestic interchange||Interchange option 2 with Cross Border domestic Interchange program|
|1.58% Cost: 1,58€||0.30% Cost: 0,3€|
WHO WE ARE AND WHAT WE CAN OFFER YOU
We are a team of dedicated professionals with both technical and theoretical background. Our team consists of computer engineers and financial analysts with multi-year experience in the payments sector.
For each transaction submitted we offer you the ability to know the total interchange cost for your submitted merchant ids. Additionally we are sending you the lowest possible interchange that could apply and how you could get it by using the latest changes in the regulations (e.g. CDIP program, Payments Service Directive - PSD2) or alternative routing options.
- Consulting services, every paid account is entitled to one hour each month of free consulting services with the ability to upgrade if needed
- Finally very soon we will be offering an optimization service that can evaluate a transaction based on all the factors involved and suggest which routing between your available PSP is best for your business
- Web Analytics and Business Intelligence
Our optimizer’s algorithm will offer the best solution based on a combination of authorization success chance and cost optimization but you can adjust it according to your needs.
Sounds interesting? Please subscribe and a member of our team will be with you shortly!