Before Swipesum, Earthlite’s main concern was fraud filters for their eCommerce store. They were processing payments with WorldPay at a rate of about 0.30% per transaction, with an effective rate of over 3.10%. Their website was built on the Magento eCommerce platform as well, which could contribute to their pricey monthly rates.
Before Swipesum, Earthlite’s main concern was fraud filters for their eCommerce store. They were processing payments with WorldPay at a rate of over 0.3% per transaction, with an effective rate of over 3.10%. Their website was built on the Magento eCommerce platform as well, which could contribute to their pricey monthly rates.
Our Chief Revenue Officer and payments expert Macey Speer decided that Earthlite should renegotiate their processing fees to 0.15% +0.10c per transaction with WorldPay. This would drastically increase their bottom line by six figures and their overall effective rate would drop to about 3%. Macey found that if Earthlite implemented the changes proposed by Swipesum, they could save over $55,000 annually. Swipesum additionally solved their initial concern by setting up fraud filters and integrating Earthlite with their Magento 2 store.
Ultimately Swipesum's Chief Revenue Officer Macey Speer decided that Earthlite should renegotiate their processing fees to 0.15% +0.10c per transaction with WorldPay. This would drastically increase their bottom line by six figures and their overall effective rate would drop to 3.03%. Macey found that if Earthlite implemented the changes proposed by Swipesum, they could save over $56,000 annually. Swipesum additionally solved their initial concern by setting up fraud filters and integrating Earthlite with their Magento 2 store.
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