Transforming E-Commerce: FlexFactor and OpenPath Partnership
Instant integration unlocks FlexFactor's award-winning decline recovery platform. Merchants on WooCommerce, Adobe Commerce, BigCommerce, or Shopify can recover up to 30% of declines.
FlexFactor, a leading provider of real-time payment decline recovery solutions, recently announced its partnership with OpenPath, a premier payment orchestration provider. This collaboration enables merchants on popular e-commerce platforms like WooCommerce, Adobe Commerce (Magento), BigCommerce, or Shopify to quickly activate FlexFactor's advanced decline recovery features, addressing an industry challenge that results in substantial revenue losses for U.S. merchants, estimated at $300 billion annually.
FlexFactor’s AcceptIQ platform employs state-of-the-art AI and predictive analytics to automatically recover legitimate customer transactions that are wrongfully declined by traditional payment systems. This innovative integration enhances e-commerce platform coverage, immediately increasing merchant revenues, improving customer experiences, and optimizing customer lifetime value without complicating the purchasing process for consumers.
“Modern e-commerce demands seamless payment experiences for optimal conversion,” explained Elio Vitucci, CEO of FlexFactor. “We selected OpenPath as our preferred connectivity partner due to their extensive platform coverage, advanced technology, and ease of integration. Our teams have collaboratively worked to provide merchants with a hassle-free integration experience, allowing them to instantly access our powerful solutions. Together, FlexFactor's recovery innovations and OpenPath's unmatched connectivity create a leading solution that effectively tackles false declines at scale.”
In response, Scott Dorey, CEO of OpenPath, expressed excitement about the partnership, stating, “We’re thrilled to collaborate with FlexFactor to deliver the most effective decline recovery solution available to merchants across major e-commerce platforms. Integrating with FlexFactor strengthens our market-leading capabilities by providing instant, seamless access to a proven decline recovery tool. Our extensive payment processor network, paired with dedicated integrations with platforms such as Shopify, WooCommerce, Adobe Commerce (Magento), and BigCommerce, enables merchants to effectively recover significant lost revenue, resulting in immediate and measurable sales growth.”
False declines can lead to considerable customer frustration and can harm long-term customer loyalty. Through the OpenPath integration, merchants can:
FlexFactor stands out as the only market leader offering real-time, post-authorization recovery for both purchase and subscription transactions. This integration is ready for merchants operating on the supported e-commerce platforms mentioned above, enhancing their ability to recover lost revenue effortlessly.
About FlexFactor
FlexFactor is a market-leading payment recovery platform that transforms declined transactions into revenue in real time. Utilizing innovative AI technology and predictive models, FlexFactor allows merchants to reclaim previously lost sales without friction for consumers or additional costs. By covering all decline codes for both purchases and subscriptions, FlexFactor can return up to 20% in annual revenue for businesses.
About OpenPath
OpenPath provides hassle-free access to world-class transaction options through its consolidated platform. With a global reach and integrations with numerous processors, OpenPath offers merchants diverse options for monetizing their business traffic. Together, both companies are set to redefine payment recovery in the e-commerce landscape.
The partnership aims to enhance decline recovery solutions for merchants, enabling them to recover lost revenues through advanced payment technology.
FlexFactor's AcceptIQ platform utilizes AI and predictive analytics to recover legitimate transactions that traditional systems mistakenly decline, increasing e-commerce revenues.
The integration supports major platforms including WooCommerce, Adobe Commerce (Magento), BigCommerce, and Shopify.
Merchants can recover up to 30% of declined transactions, improve customer experiences, increase sales revenue, and maximize marketing ROI.
FlexFactor uniquely offers real-time, post-authorization recovery for both purchase and subscription transactions, positioning it as a market leader.
Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.
Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.
I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.
Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to [email protected].
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
