Boost Intercept Reviews

We use Intercept as a payment gateway to process customer credit cards. We receive payments through Intercept. They process credit cards from our online customers to us.

We only use them for virtual card.

Boost has helped to reduce our interchange costs. Intercept's virtual card payment process has reduced fees by about $350,000 to $400,000. 

It generates a custom file to import into our system, making posting easy. We didn't realize the full benefit until a year into our deployment. They didn't have a report built for us yet, so we weren't posting in real time. We added customers to it, so we got some immediate financial benefits, but the reporting didn't come until later.

We've saved significant time by reducing manual processing using Boost. It has saved our team about 10 to 15 hours monthly. 

It has also saved our card processing costs by around $350,000 to $400,000 and ten hours of time a month. It saves us around a quarter of an FTE.

They enable my client's vendors to accept credit cards in an automated fashion.

It is extremely simple, and the payments flow through automatically. Funds are deposited directly into the supplier's bank account without any manual intervention, creating a passive experience. Once a supplier is set up in the system, it is an automated process from that point forward.

Boost does all the heavy lifting when it comes to supplier enrollment. They have experienced customer representatives with decades of experience in commercial credit cards and B2B acceptance. As an issuer, and my client being the buyer, it is a passive experience for us because Boost takes that responsibility on and performs all enablement efforts for us.

Boost's supplier enablement programs are the most important for us. We have to have enrollment suppliers in order for us to run the business. It is imperative that we have successful enrollment campaigns. As an issuer, we have not experienced additional costs associated with Boost's supplier enablement programs.

They are very adept at creating customized solutions. They have expert knowledge in negotiating payment terms and various offers to. It is definitely not a one-size-fits-all solution. We usually customize the approach depending on the client and their supplier relationships.

We were able to see the benefits of the program pretty soon after the deployment. It takes a few weeks of supplier engagement before suppliers are transaction ready. Within the first few weeks, we are able to realize the spend on the program and see the benefits.

We use Boost Intercept primarily to minimize the working capital impact of payment terms for our large key customers and, in certain cases, to mitigate risk associated with high-risk customers. This solution allows us to collect payments within our desired timeframe while providing customers with extended payment terms, creating a mutually beneficial arrangement.

The automated payment framework is excellent and seamless from a collections perspective. It requires minimal effort from our back-end receivables specialist, improving efficiency and positively impacting both payment terms and cash flow.

Our automated payment framework uses a virtual card program to minimize working capital and provide value to our customers. Boost Intercept is a key partner in this initiative, consistently offering innovative virtual card solutions. This partnership has allowed us to expedite outstanding payments, improve cash flow, and streamline back-end processes. We highly value their contributions to our payment system.

Boost Intercept has helped improve our working capital management by enabling us to bring cash in more quickly and efficiently. It also reduces manual workflows by automating processes within our invoice-to-cash team.

We immediately saw the benefits of Boost Intercept. Our customers often demand extended payment terms, but to minimize working capital and risk, Boost Intercept allows us to accelerate cash collection at a reasonable rate while still offering those extended terms. This provides value to both our business and our customers.

When we first partnered with Boost Intercept, they collaborated closely with our invoice-to-cash team, automating processes and reducing manual workflows by minimizing touchpoints. This streamlined our cash application and improved efficiency in managing customer accounts.

Some customers were incurring high interchange fees, but we negotiated lower rates with Boost Intercept.

Boost Intercept helped decrease our overall card processing costs.

We receive payments through Boost. We decided to go with them because they are a third-party company and our customer would opt into using it. We are simply receiving the payments from Boost.

Boost tends to be fairly large, so a number of our customers use it. This allows us to easily manage all of those items in one interface.

Their automated payment framework is fairly standard. Their process is fairly standard.

They help our organization reduce fraud. The people they tend to have as their account managers tend to be fairly responsive and trustworthy. This fraud reduction is important, although as a supplier, we typically do not have fraudulent transactions coming into our accounts. It is mostly things like customers being told to pay to some other bank account and things like that.

It has not helped our organization reduce manual workflows. In fact, the credit card process adds workflows for us.

Boost tends to be fairly on top of their credit card processing and payment issuing. From that standpoint, it is a big help. It tends to be the case that customers who are opting into credit cards do tend to pay us a bit faster albeit with a fee.

All the maintenance is being taken care of by Boost. The only maintenance that we have to do is to agree to enroll new customers to use Boost.

We are a supplier. We use Boost for customers who pay via virtual cards to help make credit card processing more seamless and efficient. 

We were doing everything manually before we implemented Boost. It saves significant time and makes processes more efficient. Beforehand, cards weren't charged for weeks or even months. It's definitely saving hours of work daily. 

Boost has had a big impact because we need to process the cards to get the money. The money is available in a timely fashion. We saw the benefits a few days after deployment. Within a few days, we had already started processing some credit cards through Boost.