Teesside-based Visualsoft launches innovative new payment model

Teesside-based Visualsoft launches innovative new payment model

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Visualsoft, the Stockton-on-Tees based eCommerce provider, is proving its commitment to helping retailers grow online with the launch of a highly innovative and disruptive new revenue model – Shared Success.

The symbiotic model, which is unique to the e-Commerce market, charges clients based on a percentage of their sales, instead of upfront and fixed fees, as is the industry norm. This offers reassurance to businesses of all sizes that Visualsoft is fully invested in their ongoing success. The all-encompassing solution means Visualsoft is also on hand to provide specialist guidance on digital marketing best practice, technical support and opportunities that will make a tangible difference to its clients’ objectives.
Shared Success, which launched earlier in the year, is already achieving incredible results for clients that are on board.

Fashion retailer Psyche, for example, has seen a 63% revenue increase and an uplift of 71% on transactions year-on-year since the switch to the Shared Success model. Visualsoft worked to fully understand every area of Psyche’s businesses, before implementing a digital strategy which focuses on sales growth targets and includes robust frameworks to monitor ongoing progress.

Tim Johnson, Chief Sales Officer at Visualsoft, said: “When it comes to selling online, we know what works – and that’s why we have launched Shared Success. Clients appreciate our bold approach, frank advice and technical expertise because they know we are fully aligned to their goals and pushing in the same direction as they are, so it’s a win-win. The nature of the model creates fundamentally productive relationships which are built on mutual trust; something we believe is crucial in the ever-expanding retail landscape.”

Steve Cochrane, managing director at Psyche, said: “We’ve grown from strength to strength since working with Visualsoft but switching to the Shared Success model was the best decision we have made for the business.”