With cutting-edge chargeback protection, Financial Protection Services by Speedy Holdings Group may just be the ultimate fintech platform for merchants – and a promising opportunity for investors.
For a large business, a chargeback is a minor inconvenience but for a small business, it has the ability to disrupt future operations. To eliminate all losses merchants incur in reference to chargebacks, Speedy Holdings Group has developed a financial platform that protects their credit card processing operations.
Explore Speedy Holdings Group's merchant services here!
With Financial Protection Services, small business owners have a reliable safety net should they face unforeseen transaction disputes or other financial liabilities related to accepting credit cards from customers.
Speedy Holdings Group seeks to tackle a huge problem in the multi-trillion-dollar electronic payments industry, protecting processors from friendly fraud and unexpected chargebacks.
A 2023 Chargebacks911 report revealed that nearly three quarters of the 300 merchants surveyed saw a 19% average increase in illegitimate chargebacks compared to the same time period last year. With the rate of friendly fraud steadily increasing each year, Financial Protection Services will play an important role in quelling the ongoing rise of chargeback abuse as well as the resulting revenue losses.
Financial Protection Services is a patented fintech platform that automatically covers chargebacks for merchants with a small loan, giving them time to investigate or challenge transaction disputes without suffering the liability.
The platform is the ideal tool for new merchants and small business owners, preventing holds or delays in their credit card transactions if their bank accounts cannot cover unexpected chargebacks.
In 1-2 years, the fintech platform will launch another revolutionary patent pending financial process beneficial to merchants, providing overdraft protection that automatically deposits funds into their business checking account when the balance runs low or goes into the negative by using their future credit card receivables as collateral.
Financial Protection Services is designed to create a large revenue stream, in which their investors will make large returns since FPS makes approximately a 100 percent return every 60 days on the capital deployed on the platform. With its innovative credit card processing solution, the fintech platform is primed to become profitable within 3 months after its launch.
The Speedy brand was created to give merchants access to cost-effective business financial services, offering products that are typically only available to retail giants. The company is currently in the process of raising capital and selling stock for Financial Protection Services which is expected to produce billions in annual revenue.
“At Speedy we are committed to constantly launching new products and services, or improving upon existing ones that help business owners increase their revenue while lowering their liabilities at the same time,” says Scott Clymo, the Founder, Inventor and CEO of Speedy Holdings Group, Inc.
Click here for updates on the fintech platform set to launch in 2024.
