Payway and FlexCharge Partner to Boost Payment Acceptance for Subscription Companies
Businesses can expect a 5 to 15% lift in revenue
Danvers, MA – September 15, 2022 – Payway®, an integrated payment processing solution and FlexCharge, the leading innovator tackling payment failures, announced today a partnership to integrate FlexCharge’s unique capability to rescue failed payments with Payway’s award-winning payment software to offer businesses a simple, straightforward solution to combat payment declines.
The solution will help merchants significantly increase their approval rates with zero increased risk of fraud.
“Payway continues to enhance its award-winning payment software solution through partnerships with innovative companies and solutions. By partnering with FlexCharge, we can offer businesses a unique service that will significantly reduce their payment declines” said Dan Nadeau, chief executive officer and principal owner, Payway. “Web-based businesses are particularly sensitive to payment declines as they represent the number one reason for customer churn. Our partnership with FlexCharge offers an incredibly innovative and yet tangible way to reduce these declines.”
The partnership between Payway and FlexCharge allows Payway’s customers to use FlexCharge’s unique technology with zero integration effort, and immediately benefit from reduced payment declines, increased revenue, and improved customer satisfaction.
“Our partnership with Payway demonstrates our readiness to offer a practical solution to payment declines to subscription businesses” said Zeev Shoval, chief commercial officer, FlexCharge. “Payway has more than three decades of experience in recurring payments, and the company is an ideal partner to roll out our solution to subscription businesses and boost their approval rates, resulting in increased business and an enhanced end-user experience.”
Payway is a proven payment service provider that helps card-not-present and subscription businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting recurring payments.
Payway has decades of experience in managing card-not-present payments and provides their customers the most up-to-date security features. Payway built their user-friendly payment processing solution to be responsive to the needs of organizations who operate a recurring payment business model, like the many publishing and media companies they’ve served since 1984. For more information, visit payway.com
We make shopping smooth by removing the frustration of payment declines.
Over 50% of shoppers abandon their cart when they experience a payment decline. Our technology removes this point of friction as, when a payment is declined, we allow shoppers to complete their purchase and be charged at a later stage.
We bring significant innovation to the payment industry and empower a model where both shoppers and retailers win. To learn more visit flex-charge.com
Erin Farrell Talbot
Farrell Talbot Consulting, Inc.