Accepting all forms of payment, whether buy now, pay later, recurring bills, or one-time payments, is essential for many ecommerce brands. However, it's not always cheap. Depending on the payment processor and provider you use, this simple service can cost your business dearly as transactions progress.
As such, many businesses do their best to navigate the payments industry to get the best deals. However, the different payout rates, products and services can be confusing - there's so much out there. So, it's no wonder that for most businesses, this review process can take as long as three to six months!
This is where independent consultants like to swipe into themselves to provide a whole new level of clarity and ease. In short, Swipesum is designed to help businesses make the best payment decisions in a matter of days, which includes finding the most suitable payment solution and eliminating fees that often arise in transactions.
In this Swipesum review, we'll examine what their consulting services entail and whether they might be the right choice for your business.
Who is Swipesum?
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Swipesum is an independent consultant for payment solutions and has all the insights businesses large and small need to choose the right payment platform for them. Plus, they can help you negotiate the best terms with the solution of your choice. But, most notably: their advice may be completely free for you!
Rest assured, Swipesum definitely knows their stuff. In 2020, the firm advised companies on payments totaling more than $700 million.
As a relatively new company founded in 2016, Swipesum is still making waves. Their service includes a connected solution that simplifies the way you choose and negotiate payment rates. To do this, they use proprietary software technology to analyze your payment statements and compare payment solutions from a wide range of suppliers. Swipesum can then help you implement optimized payment processing.
The brand also offers financial management, expense optimization and performance management to help your business get the most out of your finances.
Swipesum is most active in the following industries:
bank
Comprehensive payment
e-commerce
SaaS
B2B
retail
B2G
Franchise
investment fund
small business
Non-profit organizations
Swipesum Review: Pros and Cons
Below we've highlighted some of the advantages and disadvantages of using Swipesum. But before we dive into it, we'll give you a quick reminder: There are few email list downsides to trying it out with a free consultation.
Swipesum provides free consultation and analysis of your statements to provide advice on how to save money - no obligation.
The support team is rated as helpful by customers and is available via email and phone.
Swipesum provides ongoing customer support and continuously monitors your account to ensure you never overpay your credit card rates.
With over 70 web payment providers, they can provide extensive provider assessments.
Swipesum's reporting software is easy to use and can read any type of business statement to report on its savings potential.
Swipesum's corporate consulting services are billed by the hour - you're never locked into a contract, which means you can rely on Swipesum more or less
Disadvantage 👎
Swipesum specifies that they cannot offer free consultation and solution implementation to all businesses on their pricing page. Swipesum charges for ongoing support, billed hourly as needed by people/needs. Essentially, they are the same as other professional service providers.
Swipesum is not a one-size-fits-all solution to your financial needs, nor does it replace an accounting professional.
For some businesses and organizations, their hourly consulting services may be too expensive.
Swipesum Review: Their Main Service
Swipe likes to call yourself your own "chief payments officer." Their consulting services begin with an initial meeting where you will answer some questions about your business and goals.
Swipesum will then provide a proposal outlining potential suppliers, an audit of your statement, and a cost comparison of their proposed solutions.
If they are successful in showing you what the best solution looks like for you, you can work with the team at Swipesum to bring it to life.
Then, as your business grows, Swipesum continues to analyze and monitor your merchant statements, fees, and recurring payments to ensure you don't pay more than you need.
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Payment consultation
Swipe likes to call yourself your own "chief payments officer." Their consulting services begin with an initial meeting where you will answer some questions about your business and goals.
Swipesum will then provide a proposal outlining potential suppliers, an audit of your statement, and a cost comparison of their proposed solutions.
If they are successful in showing you what the best solution looks like for you, you can work with the team at Swipesum to bring it to life.
Then, as your business grows, Swipesum continues to analyze and monitor your merchant statements, fees, and recurring payments to ensure you don't pay more than you need.
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Supplier Evaluation
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Thanks to its network of payment providers and financial institutions, Swipesum makes it easy to compare and evaluate different providers. They will compare your processor relationship with over 70 other suppliers to find the best price for your business.
Additionally, they evaluate the processor's software and hardware experience, available renegotiations, swap optimizations, and more. You can also compare services based on any advanced requirements you may have.
Providers in the Swipesum network include:
global payment
WorldPay
Chase
Elavon
system
first data
…There are a lot more.
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Refund and Safety
Swipesum customers benefit from a dedicated team dedicated to protecting your business from fraud and chargebacks. Swipesum's advisory services also handle disputes for you before they reach your payment processor.