I am a client of Boost Intercept, not in any official partnership or as a reseller of their services. I would rate Boost Intercept a 10 out of 10 overall.
For anyone concerned about interchange cannibalization, most cases it is better to receive low interchange as opposed to zero. I have not had any issues with clients or suppliers where interchange cannibalization is causing issues. Every buyer/supplier relationship is different and the ability to offer customized interchange solutions when necessary has maximized the supplier adoption, allowing us to enroll suppliers who have traditionally said not to cards. I would rate Boost Intercept a ten out of ten.
I have learned that not all customers require an opt-in for credit card payments. Oftentimes, we can accept having Boost as a payer, but we can maintain our payment method as ACH. That is something they do not tell you upfront. I do not know if it is more lucrative to them or their customer base to pay by credit card, but as a supplier, I can openly say that if we can maintain ACH payments or direct deposit payments, it is a lot better for us. They have offered to help reduce our organization’s card processing costs, although we have an internal team that handles our credit card processing. We are probably going to continue utilizing that internal resource. We do our own negotiating with the credit card companies. We have our own fee structure and our own resources to run credit cards. I would rate Boost a seven out of ten.
I rate Boost Intercept eight out of 10. My advice to anybody considering Boost would be to work through the issues. Handle them right away, don't let them fester.
Boost Intercept revolutionizes vendor payment processes with an automated framework that streamlines operations, reduces fees, and enhances security by directly processing customer payments.Boost Intercept offers a comprehensive solution for vendor management, automating payment processing and onboarding. By facilitating a passive experience, it minimizes manual efforts, saving valuable time and enhancing cash management efficiency. Integration simplicity and responsive customer service...
I am a client of Boost Intercept, not in any official partnership or as a reseller of their services. I would rate Boost Intercept a 10 out of 10 overall.
I rate Boost eight out of 10. They'll work with you to get everything you need if you're clear about everything you want.
For anyone concerned about interchange cannibalization, most cases it is better to receive low interchange as opposed to zero. I have not had any issues with clients or suppliers where interchange cannibalization is causing issues. Every buyer/supplier relationship is different and the ability to offer customized interchange solutions when necessary has maximized the supplier adoption, allowing us to enroll suppliers who have traditionally said not to cards. I would rate Boost Intercept a ten out of ten.
I have learned that not all customers require an opt-in for credit card payments. Oftentimes, we can accept having Boost as a payer, but we can maintain our payment method as ACH. That is something they do not tell you upfront. I do not know if it is more lucrative to them or their customer base to pay by credit card, but as a supplier, I can openly say that if we can maintain ACH payments or direct deposit payments, it is a lot better for us. They have offered to help reduce our organization’s card processing costs, although we have an internal team that handles our credit card processing. We are probably going to continue utilizing that internal resource. We do our own negotiating with the credit card companies. We have our own fee structure and our own resources to run credit cards. I would rate Boost a seven out of ten.
I rate Boost Intercept eight out of 10. My advice to anybody considering Boost would be to work through the issues. Handle them right away, don't let them fester.