FlexPay Referral Partner
Why Should I Become a FlexPay Referral Partner? Let’s run through a couple of scenarios that we are very familiar with as many referral partners experience similar problems. “I’m a consultant, and I help subscription-based companies optimize collections. The client I am working with is in pain. His churn is through the roof because he is unable to collect from his clients even though they want his product and want […]
How the Merchant Category Code Impacts Your Business
Most merchants aren’t aware that when they first apply for a merchant account to process VISA/MasterCard payments, they are assigned a Merchant Category Code (MCC) by their merchant account provider (acquirer/processor) as part of the account setup process. After you receive your MCC code, it’s hard to change it. There are some exceptions to this, […]
How Long Does It Take to Set Up FlexPay?
Setting Up FlexPay The entire process takes between 1 and 10 business days, depending on the complexity. Your Client Success Manager (CSM) is at your side, supporting you throughout the entire process. For merchants that want a hands-off approach, the FlexPay CSM will take on the entire setup process for you. For merchants who prefer a hands-on approach, we have a variety of guides and tools to […]
Will My Chargebacks Increase?
September 7, 2020 by: Jeffrey Pauletto Chargebacks: Will Chargebacks Increase? No, your chargebacks will not increase with FlexPay. However, it’s important to understand why this is the case, as it’s a valid concern for every merchant. The Impact from Chargebacks We started FlexPay when we were merchants ourselves, trying to fix our own false decline problem. We were getting recoveries through various […]
Finding the Best Merchant Category Code For Your Business
The Best Merchant Category Code for Your Business As our economy becomes more complex and new goods and services emerge, it’s often not cut and dry what merchant category code (MCC) is best for your business. Plus, many companies can potentially qualify for multiple MCC’s. For example, a merchant sells SaaS on a monthly subscription […]
Dunning Solutions: Machine Learning Decline Salvage vs. Rules-Based Decline Salvage
How Does Machine Learning Compare with Rules-Based Expert Systems when Applied to Recovering Declined Credit Card Transactions? You’re probably asking this question because you’ve discovered several companies have a decline salvage service, and you’ve read descriptions of AI, rules, machine learning, and you don’t know how to evaluate the difference between these approaches. This article […]
What is a Merchant Category Code?
What is a MCC? MCC is the Merchant Category Code. Every merchant needs a merchant account to process transactions, and every merchant account has a Merchant Category Code (MCC) assigned to it. Sadly, most merchants are not aware of it and weren’t told about it when they applied for a merchant account – even though it can have a bigger impact on your business […]
