Our Verdict
Flex Factor offers an innovative solution for merchants to turn declined transactions into approved payments. With its AI-driven platform, it provides seamless, real-time transaction recovery, enhancing revenue and customer satisfaction.
Summary
Flex Factor addresses the significant issue of payment declines in digital commerce, aiming to recover failed transactions that often lead to lost sales.
At a Glance
- Service: Payment decline recovery
- Core Feature: Real-time AI-driven transaction assessment
- Key Benefit: Increased revenue with no risk to merchants
Benefits
Flex Factor’s platform effectively manages all types of decline codes, ensuring that customers can complete their purchases without hassle. This includes resolving issues related to insufficient funds and “Do Not Honor” codes, which are common reasons for declines.
Fine Print
Flex Factor integrates at the shopping cart or payment service provider (PSP) level, using its AcceptIQ platform. It operates in real-time, ensuring minimal customer disruption and a seamless shopping experience. Flex Factor takes full liability for approved transactions, providing a risk-free solution for merchants.
Comparison
Unlike traditional fraud detection services, Flex Factor covers 100% of decline codes, not just those related to fraud. Its comprehensive approach and AI-driven platform make it a superior choice for maximizing payment approvals.
Suitability
Flex Factor is ideal for merchants seeking to reduce payment declines and boost revenue without compromising customer experience. It is especially beneficial for e-commerce businesses facing high decline rates.
FAQs
- How does Flex Factor work?
- Flex Factor integrates with your existing checkout process. If a payment is declined, the transaction is sent to Flex Factor for real-time assessment and potential approval.
- What types of declines does Flex Factor cover?
- Flex Factor addresses all decline codes, including insufficient funds and “Do Not Honor” codes.
- Is there any risk to merchants?
- No, Flex Factor takes full liability for approved transactions, ensuring no risk to merchants.
For more details, visit Flex Factor’s website.
