Spreedly, FlexFactor to help merchants recover sales lost to false declines

GlobalData

Wed, Apr 16, 2025, 3:58 AM 2 min read

Spreedly, an unfastened payments platform, and FlexFactor, a outgo betterment platform, person forged a concern to assistance merchants retrieve mislaid income caused by mendacious declines.

The collaboration seeks to code this contented by enabling merchants to person declined transactions into palmy ones, perchance enhancing buying cart conversions and supporting concern growth.

It leverages unfastened payments feature, Spreedly Connect, allowing merchants to entree aggregate gateways and take the "best performing" 1 successful existent time.

When transactions are declined, FlexFactor's motor evaluates the transaction and whitethorn acquisition the invoice, enabling the merchants to finalise the sale.

Merchants tin retrieve up to 30% of declined transactions and whitethorn spot a 10-20% boost successful conversion rates done acquisition recovery, Spreedly claims.

FlexFactor, which offers its services connected a contingency basis, volition complaint lone a “small” percent of the gross recovered from declined transactions.

With nary further software-as-a-service (SaaS) oregon setup fees, the solution offers a low-risk for eCommerce and subscription sectors merchants.

FlexFactor CCO and co-founder Ze’ev Shoval stated: “Our extremity is to combat mendacious declines astatine standard without adding complexity, ensuring seamless purchases. Partnering with Spreedly enhances our solution, allowing merchants to retrieve gross from declined transactions, boost conversions, and amended the lawsuit experience. This concern is simply a win-win for everyone."

Spreedly Partnership VP Rose Francois said: "Partnering with FlexFactor allows america to connection merchants a broad solution to tackle outgo declines. By integrating their real-time outgo betterment work with Spreedly Optimize, we alteration merchants to retrieve mislaid gross and alteration declines into opportunities for growth."

Earlier successful the month, Spreedly partnered with EBANX, a payments provider, to widen alternate outgo methods to planetary companies successful Latin America.