BLOG POST

Leverage Your Buying Power – Help You and Your Merchants

Written by PayShield

July 15, 2024

Buying power is likely already a key part of what helps your business operate. You buy at one rate and then resell to your merchants. Providing them with an important service while using your larger scale to secure competitive pricing from your upstream partners.

Exactly the same process can be undertaken to provide your merchants with chargeback alert services. Your large transaction volume is a keen edged weapon that you can use on your, and your Merchants account, to secure competitive pricing for chargeback alerts. With that pricing secured you can then provide those services to your merchants adding another string to your product offering bow and, importantly, opening up a brand new revenue stream for your business.

Grow Your Per Account Value

Chargeback alerts are an immediate revenue bolt on to your existing product offering. Instantly adding a new revenue stream for every new and existing account. It’s a rare opportunity to add in a new product that also solves a major problem for your customers.

Chargebacks are a constant annoyance for your merchants. Finding a solution that helps lower chargeback ratios, at a price that makes commercial sense for them, is a very attractive offer.

Solving the chargeback issue yourself also means they stay in your ecosystem and don’t add yet another new payments industry relationship as they search for a solution to their chargeback problems.

Again though, the key point is that you gain a brand new product offering, one you know your merchants need, opening up a completely new potential source of revenue from each and every customer.

Protect Your Business

Chargeback ratios are a huge challenge for all online merchants and a constant headache for all processors, payment providers, ISO’s and Merchant Aggregators. It takes a lot of money and effort to bring on new merchants. The last thing you want to see is those accounts losing transaction volume, or worse still, closing due to excessive chargeback rates.

By supplying your merchants with chargeback alert services you give them, and yourselves, vastly improved protection from impact of chargebacks. Merchants that may have placed themselves in jeopardy through poor handling of chargebacks will be able to utilize your chargeback alert services to ensure chargebacks are being properly resolved before they become a risk.

For certain industries you could even make taking chargeback alert services a requirement of their contract. Ensuring that, for high risk verticals, chargebacks are being appropriately handled and the risk of issues for your merchant and your upstream providers is being appropriately dealt with.

A Rare, True, Win-Win

It’s all too often that the phrase “win-win” is bandied about and it’s also just as often that they’re not a true win for both parties at all. Frequently there’s some small quirk, detail or overlooked impact that derails this holy grail of commerce. However when taking it back to to the simplest of business actions, leveraging your buying power, such a true win for all parties can actually be accomplished.

Simply put, you buy alert services at a rate discounted from retail, leveraging the full power of your large transaction volume. This then gives you the ability to provide chargeback alert services to your merchants. You can pass some of that discount along to your merchants or simply view it as a new additional, and valuable, service you provide to them.

It’s important not to underestimate the importance to your merchants of being able to buy chargebacks from you. Working with your organization allows them to work with a service provider they already trust and saves them from having to implement yet another system and relationship with an unknown, and untrusted, third party provider.

Implementation – Work With Specialists

While there are many chargeback alert service providers out there, only a select few have the upstream relationships, specialist knowledge and in-house skills to implement a chargeback reseller solution for a large transaction volume business.

Most chargeback alert service companies have very specific solutions, and pricing, specifically aimed at small and medium individual merchants. Only a handful look for and work with processors, payment providers, ISO’s and Merchant Aggregators. In fact many chargeback alert service providers prefer to develop relationships with individual merchants wherever possible.

It’s important when considering a solution that fits your specific needs that you work with a company that specializes in high-volume implementations specifically tailored to companies looking to resell chargeback alerts to their merchants.

PayShield is a specialized reseller of chargeback alert services. We work with large transaction businesses such as processors, Payment Service Providers, ISO’s and Merchant Aggregators creating solutions that allow them to offer chargeback alert services to their merchants. Our deep, long-term, relationships with the industry leading suppliers of chargeback alerts, Ethoca and Verifi, makes us uniquely placed to provide highly competitive, custom, solutions catered specifically to large volume business.

If you are interested in gaining a new revenue stream providing chargeback alert services to your merchants then please reach out to a member of our team today via our contact us form.

Featured Articles

Mastercard Collaboration – A New Way to Prevent Chargebacks
Mastercard Collaboration – A New Way to Prevent Chargebacks

For companies in the payments sector, chargebacks have long posed a serious problem. They frequently result in reduced revenue, higher operating expenses, and damaged customer relations. The need for efficient dispute resolution has increased significantly as...

Get started

Reduce your chargebacks and increase revenue.

Get started

Reduce your chargebacks and increase revenue.