Products used
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Payment Link
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Global
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Enterprise
29%
Increase in conversion rate
Instant transaction
24x7 operational
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Challenge
GoodFirms provides businesses with a platform to showcase their capabilities and collect reviews. They offer several sponsorship packages to help businesses grow by boosting their visibility and maximizing reach. Collecting payments from across the globe was a primary challenge for GoodFirms as there is no universally accepted payment method.
Solution
GoodFirms was looking for a universally accepted payment solution that was efficient, secure, and user-friendly. They signed up with Speed and started using our payment and payment links for collecting payments. Our ready-to-use payment features enabled GoodFirms to collect global payments with ease. They used our web application to create, track and manage their payment requests. Setting up Speed is super easy. You can get started in less than a minute. There’s no KYC or long verification process. All you need is a valid email address to start accepting payments with Speed.
Result
GoodFirms increased their revenues by 29% by harnessing Speed’s payment features. They collected over $80,000 and saved hundreds of dollars of payment processing fees in just 30 days with Speed.
1. Global payments:
Through Speed’s payment QRs and payment links, GoodFirms collected payments from their international customers living in some of the most remote locations around the world. They managed to increase their monthly revenues by 29% with Speed’s cutting-edge payment features.
2. Fraudulent chargeback prevention:
Unauthorized and fraudulent chargebacks not only resulted in a loss of funds but also adversely affected the company’s reputation. With Speed, GoodFirms was able to prevent fraudulent chargebacks as Bitcoin transactions are permanent and irreversible. This way, they saved thousands of dollars that would have otherwise been lost due to false claims.
3. Wider reach:
A lot of countries rely on limited payment methods for global transactions. Thus, reaching customers in these regions was challenging. However, with Speed, GoodFirms was able to maximize its reach as Bitcoins are globally accepted and easily accessible.
