Discover how the family-founded business has experienced exponential growth from selling Hot tubs and Spa accessories online, since going live with Total Processing.
Wave Direct came to Total Processing with two key objectives: to reduce their risk appetite and improve the customer experience. They sought out a payments partner that could deliver alternative payment methods capable of providing their customers with secure financing options.
Wave also required faster checkout methods that provided the most convenient and seamless payment experience for customers. In an effort to reduce their chargeback ratio, Wave Direct needed way to process with risk assured payment methods, utilising advanced chargeback defence services as an add-value tool in order to de-escalate fraud.
Total Processing provided Wave Direct customers with popularly demanded payment methods from its payment portfolio when they checkout.
With the option to pay via the likes of Apple Pay and Klarna, incidences of fraud have been drastically reduced with natively occurring fraud liability shifts and 3D secure 2.0 authentication protocols.
Simultaneously, Total Processing supplied Wave Direct with Total Defender; its chargeback defence service - located directly within its core business platform - Total Control. With Total Defender, Wave Direct is able to de-escalate transactions categorised as high risk whilst defending chargebacks in as little as 2-clicks.
Total Processing was the flexible payments partner we needed as we scaled and ventured into new geographical locations.
Tom Jeffrey Managing Director of Wave Direct
Implementation of the Total Processing solution saw immediate results, with Wave's new payment offering now available to 50,000 customers worldwide. "The experience working with Total Processing has been a breath of fresh air. They’re always on hand to assist, no matter what time, or day". With a notable decrease in chargebacks by more than 20% with an upturn in authorisation rates of 5%; "the centralization of all Total Processing solutions through one platform certainly made life easy for us as a fast-growing business." -Tom Jeffrey, Managing Director of Wave Direct.
Since going live with Total Processing, Wave Direct has experienced exponential growth, garnering over £15 million in revenue, and exceeding an 1800% growth in yearly sales, making their way to becoming a leading supplier in the industry. "Having Total Processing by our side filled us with confidence, as they gave us the reliable solutions that we needed to optimize our checkout - ensuring that we had the relevant localised alternative payment methods available".
Related Case Studies
Formed in 2010, Hanover Insolvency is one of the fastest growing insolvency practices in the UK, on a mission to help those in financial difficulty. They currently have over £100 million of debt under management, and Total Processing have been essential in helping them streamline their processes.
Cignpost | Express Test
At the height of the pandemic, Express test quickly became the UK’s largest covid test provider for consumers across the travel sector. With a demanding volume of transactions, Express test partnered with Total Processing to facilitate high processing traffic across multiple commerce channels.