The leader in payment orchestration Nexio Today, the company announced that it has partnered up with Chargebacks911 – the leading dispute technology specialists. This alliance is a sign that Nexio will now benefit from Chargebacks911’s end-to-end dispute management offering while reaping transformative results for its Merchants.
According to LexisNexis’ True Cost of Fraud Report, each $1 spent on fraud is approximately $1. chargebacks costs the merchant $2.86. The merchant is also subject to reputational and liability threats. Merchants, chargebacks also bring expensive fees, penalties and trickle-down costs – siphoning out hard-earned profits due to increased time and unrecovered losses from goods and services. While eCommerce fraud surged by 18% in 2021, MerchantsComparable to $17.5 million the year before, $20 billion was lost due to criminal activities. These figures continue to grow year-on-year. Nexio is leveraging Chargebacks911’s industry-leading technology to deliver increased value to its MerchantsProtecting and defending your home. Against chargebacks and disputes.
This is done as Chargebacks911’s suite of platforms addresses every stage of the process, from customer service before the sale takes place, to revenue recovery. This integrated approach provides a superior customer experience. Nexio’s Merchants and provides them with a competitive advantage and a faster path to revenue growth. As the partnership leverages both the company audiences, this could lead to more opportunities for new leads and contracts through cross-selling.
Nexio gives companies control over their payments, connecting them to the best-in-class tools and the ability to scale where and when they are ready. The technology they provide is a payments orchestration layer that uses a modern technology stack and integrates well with other technologies. Merchants to enable them to access the payment technologies needed. This is combined with Chargebacks911 acquirer agnostic solutions, Merchants are best placed to succeed in global commerce.
Commenting on the partnership Andy Tierney, Vice President of Strategic Accounts Chargebacks911,“: “We are delighted to work with Nexio and offer them a competitive differentiation and the room to maximize market potential. We hope to increase the longevity of our clients by delivering transformative results and resolving chargeback disputes. Nexio’s Merchants and improve the outcome for every point on the payment chain.”
Rob Marriot is Chief Sales Officer. NexioAdds: “At NexioWe offer a payment platform that empowers Merchants to control payments. Joining forces Chargebacks911This strategic partnership further reinforces our commitment to offer greater flexibility. This strategic partnership will expand our decline recovery offering and help our Merchants to Protect their revenue and providing them with chargeback data in real-time. This is a real competitive differentiator.”