Optimization of payment solutions
No Cure No Pay
Overspending on payment methods is a missed opportunity for cost efficiency. While the payment solutions market is undoubtedly price-centric, delving into the finer details is where profitability thrives. Consider these compelling examples:
Are we fully leveraging our existing payment solution and does it help us to improve our KPI’s?
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Are our rates still competitive?
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Have we unknowingly been overcharged for years?
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Is our current PSP still the right fit for our growth plans?
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Is our contractual set-up to our benefit still?
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Could we explore opportunities to reduce the complexity of our current payment solution?
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Are we missing out on features that could improve our conversion?
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Is there an opportunity to consider a different PSP/gateway service model with improved performance levels?
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Can we benefit from advanced features to improve our approval/authorization rates and/or to mitigate our online fraud ratio?
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In the dynamic realm of payment solutions, staying ahead is not just an advantage; it’s a necessity. Rely on us to keep you in the loop with the latest insights because outdated information is a thing of the past. Elevate your strategy by tapping into our external expertise—always current, supremely flexible, and completely independent, available at your beck and call.
EcomStream is also your key to unlocking concealed efficiencies. Through a detailed forensic audit of your transactions, we meticulously dissect complex fee structures, promptly revealing hidden inefficiencies and ensuring you never pay more than necessary. Capture opportunities for savings, both historically and ongoing.
Option A: Cost and performance optimizations of payment solutions (no cure no pay)
Let EcomStream conduct a comprehensive cost and performance analysis of your payment solution, evaluating it against current market rates and available optimization functionalities from your Payment Service Provider (PSP). Are you truly getting the best value for your money with your existing payment provider? Let’s uncover the answer.
Our analyses are fueled by a dynamic database containing the latest market rates and optimization functionalities sourced from a spectrum of leading and niche payment providers, catering to Online, POS and Unified Commerce platforms.
Next to this, our detailed forensic audit of your transactions goes beyond the surface, carefully dissecting intricate fee structures. Swiftly, we reveal concealed inefficiencies, ensuring you never overpay, both historically and ongoing.
Explore the power of “option A” and see firsthand how our service transforms possibilities into profitability. Have a look here to see how “option A” works.
Option B: RFP (tender) management of payment solutions (no cure no pay)
If you find yourself questioning the alignment of your current payment solution with your company’s strategic direction or contemplating international expansion and Unified Commerce ambitions, or if you simply seek assurance about your current payment provider, look no further.
Let EcomStream take the reins of your RFP (tender) project from inception to completion, ensuring a tailored payment solution that perfectly aligns with your business objectives.
Our RFP process is driven by translating KPIs into robust business and financial requirements. These KPIs encompass crucial aspects like performance enhancements, cost savings, fraud prevention, international expansion, and additional features geared towards boosting conversion rates.
Experience the EcomStream advantage with our RFP management, “service option B,” and elevate your payment solution to a strategic asset that propels your business forward. Have a look here to see how “option B” works.
Option +: Optimization of the online checkout flow
This is an optional service to either option A or option B.
The path to payment excellence begins the instant your shopper clicks on their cart and enters the checkout process. This crucial moment occurs well before they select a payment method, and well before the performance of your PSP can make a difference. Engage your shopper early and lay the groundwork for a smooth and satisfying payment experience.
The conversion impact of the online checkout flow is often underestimated. Therefore, EcomStream provides a substantive assessment of your existing online checkout flow. This thorough evaluation will provide a lot of insight to improve conversion as the assessment is based on best practice and usability principles by NN/g and Baymard Institute.
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