Latest news with #Spreedly
Yahoo
16-04-2025
- Business
- Yahoo
Spreedly, FlexFactor to help merchants recover sales lost to false declines
Spreedly, an open payments platform, and FlexFactor, a payment recovery platform, have forged a partnership to assist merchants recover lost sales caused by false declines. The collaboration seeks to address this issue by enabling merchants to convert declined transactions into successful ones, potentially enhancing shopping cart conversions and supporting business growth. It leverages open payments feature, Spreedly Connect, allowing merchants to access multiple gateways and choose the "best performing" one in real time. When transactions are declined, FlexFactor's engine evaluates the transaction and may purchase the invoice, enabling the merchants to finalise the sale. Merchants can recover up to 30% of declined transactions and may see a 10-20% boost in conversion rates through purchase recovery, Spreedly claims. FlexFactor, which offers its services on a contingency basis, will charge only a 'small' percentage of the revenue recovered from declined transactions. With no additional software-as-a-service (SaaS) or setup fees, the solution offers a low-risk for eCommerce and subscription sectors merchants. FlexFactor CCO and co-founder Ze'ev Shoval stated: 'Our goal is to combat false declines at scale without adding complexity, ensuring seamless purchases. Partnering with Spreedly enhances our solution, allowing merchants to recover revenue from declined transactions, boost conversions, and improve the customer experience. This partnership is a win-win for everyone." Spreedly Partnership VP Rose Francois said: "Partnering with FlexFactor allows us to offer merchants a comprehensive solution to tackle payment declines. By integrating their real-time payment recovery service with Spreedly Optimize, we enable merchants to recover lost revenue and transform declines into opportunities for growth." Earlier in the month, Spreedly partnered with EBANX, a payments provider, to extend alternative payment methods to international companies in Latin America. "Spreedly, FlexFactor to help merchants recover sales lost to false declines " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
09-04-2025
- Business
- Yahoo
Spreedly collaborates with EBANX to support payments in LatAm
Open payments platform Spreedly has partnered with payments provider EBANX to facilitate access to alternative payment methods for international companies in Latin America. The collaboration offers a framework for businesses to incorporate payment methods that include Pix, e-wallets, cash vouchers, and local debit and credit cards, with the option of instalments. The initiative covers all 17 countries where EBANX operates, encompassing markets such as Brazil, Mexico, and Colombia, as well as Peru and Chile, and extending to Central America and the Caribbean. The launch of Pix Automático is scheduled for June 2025, facilitating recurring payments for streaming services and SaaS providers. Merchants can access integration processes, access to various local markets, and an array of payment options to scale operations and compliance with local regulations. The partnership will help merchants capitalise on the 'high transaction success rates' of both Spreedly and EBANX, the release added. Spreedly partnerships & business development VP Rose François said: 'Latin America is a key market for global expansion, with diverse payment preferences driving success. Our collaboration with EBANX empowers merchants to offer local payment methods, enhancing customer satisfaction while supporting business growth in the region.' 'This partnership combines Spreedly's advanced payments orchestration with EBANX's local expertise, providing a seamless payment experience for customers and helping businesses scale efficiently across Latin America.' EBANX global partnerships VP head Daniel Kornitzer stated: "Over the past year, Pix transactions processed by EBANX have grown by 139%. Merchants using our technology already see a 25% increase in the number of customers and a 16% rise in revenue. Offering Pix is no longer optional; it's essential." Kornitzer added: 'Spreedly's efficient orchestration and intelligent routing, and EBANX's optimised payment rails, direct integrations, and local acquiring partnerships, enable faster, more secure transactions. This helps improve customer satisfaction and loyalty.' In February, Spreedly partnered with Swedish fintech Trustly to provide merchants with access to Pay by Bank, aiming to improve payment efficiency in both regional and international markets. "Spreedly collaborates with EBANX to support payments in LatAm " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
