{"id":267,"date":"2022-08-04T17:18:28","date_gmt":"2022-08-04T11:48:28","guid":{"rendered":"https:\/\/super-ali.com\/blog\/?p=267"},"modified":"2022-08-04T17:18:29","modified_gmt":"2022-08-04T11:48:29","slug":"how-moe-made-an-extra-2-2m-by-optimizing-credit-card-payments-in-2-hours","status":"publish","type":"post","link":"http:\/\/super-ali.com\/blog\/how-moe-made-an-extra-2-2m-by-optimizing-credit-card-payments-in-2-hours\/","title":{"rendered":"How Moe made an extra $2.2M by optimizing credit card payments in 2 hours"},"content":{"rendered":"\n<p>Moe broke down how How He made one of his eCommerce clients an extra $2.2M last year (2021) by optimizing their credit card payments in this thread:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">How I made one of my <a href=\"https:\/\/twitter.com\/hashtag\/eCommerce?src=hash&amp;ref_src=twsrc%5Etfw\">#eCommerce<\/a> clients an extra $2.2M last year (2021) by optimizing their credit card <a href=\"https:\/\/twitter.com\/hashtag\/payments?src=hash&amp;ref_src=twsrc%5Etfw\">#payments<\/a> <br><br>I break it all down in this thread \ud83d\udc47<br><br>The important question is, what would you do with all that extra money!?<\/p>&mdash; Moe The Payments Guy (@GrieferMaurice) <a href=\"https:\/\/twitter.com\/GrieferMaurice\/status\/1540422342593024001?ref_src=twsrc%5Etfw\">June 24, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Backstory &#8211; this client was doing about $200-300K\/mo in credit card sales when we connected in 2020. <\/p>\n\n\n\n<p>Great volume but they are now doing $4-5M\/mo in sales. <\/p>\n\n\n\n<p>I don\u2019t take credit for their growth, I\u2019ve just helped them make A LOT more money along the way.<\/p>\n\n\n\n<h2>1st<\/h2>\n\n\n\n<p>I saved them a ton of money on credit card processing fees (nearly cut them in half). <\/p>\n\n\n\n<p>Total savings in 2021 by switching over to me with lower transaction fees: <\/p>\n\n\n\n<p>$1,011,117<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"818\" height=\"289\" src=\"https:\/\/super-ali.com\/blog\/wp-content\/uploads\/2022\/08\/FWCt9kvUUAA8MGD.jpeg\" alt=\"\" class=\"wp-image-268\" srcset=\"http:\/\/super-ali.com\/blog\/wp-content\/uploads\/2022\/08\/FWCt9kvUUAA8MGD.jpeg 818w, http:\/\/super-ali.com\/blog\/wp-content\/uploads\/2022\/08\/FWCt9kvUUAA8MGD-300x106.jpeg 300w, http:\/\/super-ali.com\/blog\/wp-content\/uploads\/2022\/08\/FWCt9kvUUAA8MGD-768x271.jpeg 768w\" sizes=\"(max-width: 818px) 100vw, 818px\" \/><\/figure>\n\n\n\n<h2>2nd<\/h2>\n\n\n\n<p>I put them on next day funding to improve cash flow so they can scale even quicker. <\/p>\n\n\n\n<p>With the merchants previous processor it took 2-3 business days to get their batch deposits.<\/p>\n\n\n\n<h2>3rd<\/h2>\n\n\n\n<p>Set them up on NoFraud to increase conversions &amp; minimize chargeback losses. <\/p>\n\n\n\n<p>Number of transactions with AVS \u201cN\u201d (address mismatch) that were previously declined by the gateway: 10,260<\/p>\n\n\n\n<p>NoFraud passed 9,984 of those transactions (97%) worth $1,221,841<\/p>\n\n\n\n<p>How much time did it take this business owner to switch over to me and implement NoFraud?<\/p>\n\n\n\n<p>~2 hours <\/p>\n\n\n\n<p>Another way to look at this &#8211; the cost of NOT switching payment processors would\u2019ve been over $2M (just in 2021)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moe broke down how How He made one of his eCommerce clients an extra $2.2M last year (2021) by optimizing their credit card payments in this thread: Backstory &#8211; this client was doing about $200-300K\/mo in credit card sales when we connected in 2020. Great volume but they are now doing $4-5M\/mo in sales. I&hellip; <a class=\"more-link\" href=\"http:\/\/super-ali.com\/blog\/how-moe-made-an-extra-2-2m-by-optimizing-credit-card-payments-in-2-hours\/\">Continue reading <span class=\"screen-reader-text\">How Moe made an extra $2.2M by optimizing credit card payments in 2 hours<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Moe made an extra $2.2M by optimizing credit card payments in 2 hours - Super-Ali Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/super-ali.com\/blog\/how-moe-made-an-extra-2-2m-by-optimizing-credit-card-payments-in-2-hours\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Moe made an extra $2.2M by optimizing credit card payments in 2 hours\" \/>\n<meta property=\"og:description\" content=\"Moe broke down how How He made one of his eCommerce clients an extra $2.2M last year (2021) by optimizing their credit card payments in this thread: Backstory &#8211; this client was doing about $200-300K\/mo in credit card sales when we connected in 2020. 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