Payway®, an integrated payment processing solution and FlexCharge, the leading innovator tackling payment failures, announced 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.
Also Read: Seidor Acquires Opentrends
“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 consumer 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.”