Supercharge Your Customer Success Rates with Paybis On/Off-Ramp

Unlock hidden revenue by maximizing success and approval rates.

Entrepreneurs tend to prioritize product development and branding, overlooking a critical bottleneck that arises later: low success and approval rates when processing customer transactions.

This remains one of the key challenges in the market, as multiple factors impact success and approval rates simultaneously, making it difficult to address all of the reasons behind them.

Understanding Success and Approval Rates

The crypto market is known for often having low success and approval rates, posing a significant challenge for both well-known platforms and smaller market players alike.

According to a new report from Cointelegraph Research and Onramper, fiat-crypto transactions have a 50% failure rate due to several factors, including user location. Moreover, the percentage of transaction abandonment can sometimes reach up to 90%.

Success rates usually indicate the proportion of completed or successful transactions out of the total attempted transactions. It shows the effectiveness of a transaction process. A high success rate indicates that a significant percentage of transactions were successfully processed without any issues.

Approval rates focus on the acceptance of a transaction by the relevant parties involved – in this case, payment providers. It measures the level of approval granted to a transaction based on specific criteria, such as fraud detection, risk assessment, compliance requirements, or available funds. A high approval rate indicates a higher likelihood of a transaction being authorized and successfully processed.

These rates can be affected by various factors, such as declined transactions resulting from payment providers’ restrictions on processing or accepting payments in specific regions.

Further, the lengthy and cumbersome KYC process often acts as a deterrent for users, particularly when dealing with smaller transactions. Complex onboarding experiences and a lack of user-friendly interfaces can also cause users to abandon the platform before completing the onboarding process.

Therefore, a holistic and innovative solution is needed to address these issues and deliver substantial benefits to increase approval and success rates. Imagine the possibilities if such a solution was already at your disposal!

Enter Paybis White Label On/Off-Ramp

At Paybis, we understand the multifaceted nature of low transaction approval and success rates. So, we developed a comprehensive solution that addresses it from various angles.

By integrating our white label on/off-ramp, you can significantly improve your success and approval rates, ultimately driving additional revenue for your business.

We have gone above and beyond to tackle these pain points head-on, resulting in improved success and approval rates and unlocking additional revenue streams.

How?

By addressing the pain points head-on, resulting in improved success and approval rates and unlocking additional revenue streams.

Features that Unlock Additional Revenue for Your Business

No-KYC Flow

Lengthy and frustrating Know Your Customer (KYC) processes discourage potential users and lead to lower conversion rates.

Our breakthrough no-KYC flow eliminates verification for several first transactions, reducing friction and ensuring seamless transactions even for low volumes!

Diverse Alternative Payment Methods (APMs)

Catering to customers in various markets is crucial for improving success and approval rates, while different regions and users have unique payment preferences.

Regions like Africa prefer to conduct operations via mobile phones rather than bank cards, while in certain countries of Europe, processing various transactions may be quicker and cheaper through alternative payment methods. We ensure you meet the diverse needs of your customers!

Flexible Transaction Limits

We believe in providing flexibility for your business.

At Paybis, we have been handing transactions worth just a few dollars to hundreds of thousands of dollars for years. Now, we’d like to pass on this flexibility to you with our white label solution.

With Paybis, you can adjust transaction limits in real time, depending on your business requirements. Whether it is a small transaction or a large sum, our solution can handle it for you.

This scalability ensures your business can grow without hindrance, contributing to higher success rates and improved customer satisfaction.

Advanced Payment Orchestration

Declined transactions can be a major frustration for both businesses and customers, drawing users away from any platform. That’s why we implemented an advanced payment orchestration layer that ensures transactions are processed by an extensive network of acquiring partners.

The way it works is that each transaction is routed to the best partner based on real-time data like pricing, success rate, and reduced chances of decline.

This maximizes the chances of successful transactions, improving approval and success rates.

Wide Geographic Coverage

Going beyond geographical barriers and expanding to new markets is a crucial stepping stone to scaling your business – but with so many compliance and HR issues, it is easier said than done.

With Paybis white label on/off-ramp, you can reach customers in nearly any country, including North America, South America, Europe, Africa, Asia, and Oceania. Our global presence ensures your business can accommodate customers from different countries and regions.

Support for Various Cryptocurrencies

Your customers can benefit from a wide range of cryptocurrencies, giving them the freedom to engage with the DeFi ecosystem through the assets they value most.

We offer popular and niche crypto options, with ongoing efforts to expand our coverage. For instance, our latest addition of payout from Binance feature enables coverage of 600+ cryptocurrencies.

Easy Verification and Support for Different Models

Simplifying the verification process is essential for a smooth customer experience. Eliminate the need for double verification and enhance the overall customer experience and success rates. You can also benefit from one of the three KYC flows, including shared KYC.

Fully White Labeled Solution

Lack of branding or the presence of third-party logos on your platform can hinder customer success rates. With our fully customizable white label solution, your customers always stay yours.

Our white label solution is fully customizable – from the look and feel to confirmation emails – your brand is the only one to be seen.

Recurring Transactions

Convenience is key to customer satisfaction. Enable your customers to set up recurring transactions, making crypto payments as easy as managing a streaming subscription.

With recurring transactions, customers can make payments without having to provide new credentials every time. Re-using old payment details ensures a smoother transaction flow while also boosting customer loyalty and retention rates.

By condensing the decision-making process from a month-by-month commitment to one-time, we effectively increase the LifeTime Value (LTV) of your customers.

Crypto-to-Crypto Exchange

Users can easily convert between different cryptocurrencies. This functionality allows us to significantly speed up the entire process, from start to finish, by eliminating some of the steps. Together, this enables users to engage with a broader range of digital assets.

We streamline crypto-to-crypto exchanges, providing customers with the convenience of an intermediary and eliminating extra fees associated with multiple conversions. This also allows you to expand your portfolio and access more customers with different crypto preferences.

Promo Codes

Promo codes provide an excellent opportunity to incentivize and reward users, ultimately contributing to higher approval and success rates.

Offer exclusive discounts, bonuses, or special offers when conducting transactions. This feature adds a layer of value and appeal to your platform, fostering a positive user experience and driving up approval and success rates.

Final Thoughts

By integrating our On/Off-ramp, you gain access to a multitude of benefits. Our expertise minimizes declined transactions, ensuring a seamless payment experience. We prioritize a streamlined KYC process, making onboarding swift and hassle-free.

Integrating Paybis into your business is effortless with our white label and Mobile SDK solutions, featuring user-friendly interfaces for enhanced onboarding. Our innovative solutions deliver exceptional UI/UX, fast processing times, high approval rates, and much more.

Additionally, we offer one of the industry’s largest payout options, including worldwide payouts to VISA and Mastercard cards, enabling efficient global customer service.

Partnering with Paybis and integrating our powerful on/off-ramp solution means supercharging your customer success rates.

By focusing on user-friendly interfaces, streamlined processes, and many features, we help businesses create better products, generate additional revenue streams, and deliver an exceptional customer experience. Experience the difference with Paybis today.

One simple integration that makes your product payments better! Contact sales.

Written by

Sankrit K

Sankrit K is a web3 content writer and an SEO expert specializing in long-form content. He strives to add value to readers while optimizing content for search engines.