Ferrari and Lamborghini Part Seller

Capital Processing Network - Case Study - Bows + Arrows & Spartan

An automotive parts supplier requested a proposal in July of 2008. At the time the company was using a national bank to process all of their credit card transactions. After meeting with an Account Executive the company did not sign up with us and went with a 3rd party competitor instead and cancelled with their national bank.

Three years later, in 2011, a Senior Account Executive revisited with the auto supplier again to issue another proposal. Upon a rate review, the merchant’s processing fees and rates were almost 1-percent higher than with their old bank! The “switch” cost the merchant about $18,000.00 more over the 3 year period compared to never switching at all.

The merchant commenced a new account with Capital Processing Network in 2011. Customer is elated with our fees and service. Email was received from customer stating, “Just wanted to let you know that we have received our September processing statement and the bundled rate looks very good and is in line with the original quote.”