Chargeback
Solutions
In the event of a chargeback, a small advance/loan promptly covers the amount, shielding the merchant from the impact of unforeseen losses. Protect your credit card receivables and prevent permanent loss of processing capabilities with our automated protection platform.
Chargeback/Overdraft
Solutions
Benefits for Processors
- 01. Gets paid immediately by FPS directly into their designated bank account (eliminates losses)
- 02. Receive additional point offering overdraft protection attached to a merchants checking account (additional revenue/profit)
- 03. Receives 2 points FPS makes on the small MCA loans that are triggered (additional revenue/profit)
- 04. Receive their normal ACH reject fee (NSF) or chargeback fee immediately at the same time of the protection deposit (increased cash flow)
- 05. Eliminate their collections department or significantly reduce it (save money and cut expenses)
- 06. Loosen up initial underwriting guidelines/criteria due to reduced chargebacks/collections/risk (board more merchants)
- 07. Reduce attrition rates because they will not have to shut off as many merchants (keep more merchants)
- 08. Increase ROI on marketing a product their competition does not have (increase returns on marketing)
- 09. Build value in their offering/brand and make it easier to charge premium pricing (reduce price objections)
- 10. Offer the FPS App and allow merchant to request $ at any time and get paid for additional fundings and upsells (additional revenue)
Benefits for Merchants
In the event of a chargeback, a small advance/loan promptly covers the amount, shielding the merchant from the impact of an unforeseen chargeback.
A chargeback has the potential to delay all subsequent credit card receivables until covered, or worse, lead to a permanent loss of credit card acceptance capability.
The MCA's are strictly revenue and bank account performance driven as the daily debits for the payback are automatically debited with small daily debits in their bank account or by taking 20% of their future credit card transactions until paid back in full with our fee included.
When a merchant's bank account runs low, the merchant can request money by simply clicking a link which will underwrite the performance of their bank account to be pre-approved for a small merchant cash advance loan that will be brokered.
The merchant receives their own portal and can use our funding app to request additional funds at any time for our in-house micro loan program or can be underwritten manually for a larger brokered funding using our 100 lender platform.
Merchants can easily request a larger loan through the FPS app after the protection is triggered, providing them with the option for additional funding as needed.
Our Solutions
FPS Chargeback Protection
Speedy offers real-time chargeback coverage for merchants. In the event of an unexpected chargeback, we immediately reimburse the payment processor on the merchant's behalf, preventing disruptions to processing capabilities. The merchant then repays the advanced amount over time through a flexible structure, where a predetermined percentage is automatically deducted from future card receivables until the balance is fully settled.
FPS Bounced Fee Protection
When a merchant's monthly credit card processing fee payment bounces, Speedy steps in to cover the fee directly with the processor. This ensures uninterrupted access to future card receivables and avoids potential holds or penalties that could harm the merchant's operations. Repayment is managed conveniently over time via automatic deductions of a percentage from the merchant's subsequent card receivables until the amount is repaid in full.
FPS Overdraft Protection
If a merchant's business checking account balance falls low or becomes negative, Speedy provides immediate deposits to restore a positive balance and prevent operational disruptions or associated fees. Merchants repay the advanced funds gradually through automated deductions of a percentage from future card receivables until the balance is cleared.
FPS Gaming Platform
Funds < 24 hour float for Visa Cards issued by a $10B gaming company with 1B wallets. Partnerships backed by a $10B gaming company, enabling instant onboarding of millions of consumers. Secured by Crypto Wallets and repaid by 7 am.
Partner Case Study
Bridged Funding Gaps
"Speedy's platform enabled seamless operations during a liquidity crunch. Their immediate deposits prevented operational disruptions and associated fees."
CryptoGaming Co.
Gaming Partner
Liquidity Stability
Uptime & Processing Continuity
Check out the Speedy brand of companies in the media:
