Supporting a US Online Specialty Retailer Reduce International Decline Rates
An online online specialty retailer based in the US that was recently valued in excess of $1B
Our client has been extremely successful in the US and is getting real traction in the EU and Asia. Unfortunately their customer declines outside the US were multiples of those in their home market.
We were asked to help understand the root causes and to help our client find alternative suppliers.
We provided a complete diagnostic of the situation and engaged with several payment processors outside the US.
We supported the client in engaging with their existing supplier with a clear understanding of what was required and by highlighting that they had alternative suppliers lined up
Client re-negotiated agreement with the current supplier and was able to reduce costs substantially and reduce decline rates by over 50% .