Butter Payments

Butter Payments

Software Development

Use machine learning to automatically recover revenue lost to payment failures

About us

Helping the world’s greatest subscription companies recover millions of dollars in revenue lost to failed payments. Butter leverages patent-pending ML models to analyze dozens of variables and deeply understand the real-time state for any given payment, which then allows us to optimize for authorization rate The result? 5% of top-line ARR growth. Clients include Fabletics, The Athletic, Dialpad, Dr. Squatch, Athena Club, Savage X Fenty, Found, Wyze Labs, airSlate, Tonal, JustFab, Hairstory, Eucalyptus, UrbanSitter, Simple, Bloom, Perlego, MuseScore, KitUp, Speechify and more.

Industry
Software Development
Company size
51-200 employees
Headquarters
San Francisco
Type
Privately Held
Founded
2020

Locations

Employees at Butter Payments

Updates

  • View organization page for Butter Payments, graphic

    5,006 followers

    🚨  Payment failures are robbing subscription-based businesses of their full potential. Learn how to stop them in our CEO's, Vijay Menon, latest #Forbes article — Payment Failures: The Silent Subscription Killer. You’ll learn:  🤯  Machine-learning insights. 📊  Tips on how to analyze transaction data. 🚫  Why “woodpeckering” is a losing strategy. Start reading 👉 https://lnkd.in/dBwRm73e #subscriptions #ecomerce #payments 

    View profile for Vijay Menon, graphic

    CEO & Founder, Butter Payments | Author, A Brown Man in Russia

    🚨 Accidental payment failures are like CO2, don't let it slowly asphyxiate your subscription business. In my latest #Forbes article, I dive into a critical yet often overlooked issue—payment failures. These false declines are responsible for up to 24% of recurring payment declines and can silently kill your revenue. Some highlights: -27% of consumers cancel subscriptions after a failed payment. -AI-driven solutions can increase payment recovery rates by up to 70%. -Reducing friction in the recovery process can save revenue and customer relationships. If your business relies on recurring payments, tackling this issue should be a top priority. Read more on Forbes and let me know your thoughts. 👇 #SubscriptionBusiness #PaymentFailures #AI #RevenueRecovery #CustomerRetention

    Council Post: Payment Failures: The Silent Subscription Killer

    Council Post: Payment Failures: The Silent Subscription Killer

    social-www.forbes.com

  • Butter Payments reposted this

    View organization page for Butter Payments, graphic

    5,006 followers

    🚨 Hot off the press 🚨 👉Wyze Boosts Recovered Subscription Revenue by 50% in Just 8 Month👈 The Challenge: Wyze, a leading smart home device company, was losing revenue due to failed payments and with the complexity of their tech stack, it'd take too long and costly to build an in-house solution. After Butter: 🧈50% increase in recovered subscription revenue 🧈43% boost in invoice recovery 🧈5x ROI Why Butter: ✔️Turnkey integration with Recharge, enabling brands to start in days, not months. ✔️Seamless integrations with leading subscription platforms, supporting tech stack updates. ✔️Data-driven, self-optimizing approach to payment issues. Take a read and see for yourself how we get it done. 

    Wyze boosts recovered subscription revenue by 50% with Butter in 8 months | Butter Payments

    Wyze boosts recovered subscription revenue by 50% with Butter in 8 months | Butter Payments

    butterpayments.com

  • View organization page for Butter Payments, graphic

    5,006 followers

    🚨 Hot off the press 🚨 👉Wyze Boosts Recovered Subscription Revenue by 50% in Just 8 Month👈 The Challenge: Wyze, a leading smart home device company, was losing revenue due to failed payments and with the complexity of their tech stack, it'd take too long and costly to build an in-house solution. After Butter: 🧈50% increase in recovered subscription revenue 🧈43% boost in invoice recovery 🧈5x ROI Why Butter: ✔️Turnkey integration with Recharge, enabling brands to start in days, not months. ✔️Seamless integrations with leading subscription platforms, supporting tech stack updates. ✔️Data-driven, self-optimizing approach to payment issues. Take a read and see for yourself how we get it done. 

    Wyze boosts recovered subscription revenue by 50% with Butter in 8 months | Butter Payments

    Wyze boosts recovered subscription revenue by 50% with Butter in 8 months | Butter Payments

    butterpayments.com

  • View organization page for Butter Payments, graphic

    5,006 followers

    🚀 Exciting times ahead at the MAG Conference in Orlando! 🌴 If you're attending or already in town, don't miss the chance to connect with us. We'll be diving deep into the latest trends, innovations, and challenges in the ever-evolving payments landscape. 💡 Want to chat in person? Reach out to Chase Foster and let's make it happen! 🤝 Looking forward to seeing everyone in Orlando! 🌟 #MAGConference #ButterPayments #PaymentsInnovation #Fintech

    MAG Payments Conference 2024

    MAG Payments Conference 2024

    merchantadvisorygroup.org

  • View organization page for Butter Payments, graphic

    5,006 followers

    💡 Turning Payment Failures into Growth Opportunities 💡 Failed payments might seem like a hurdle, but they offer a chance to enhance your revenue strategy. This #Forbes article explores how businesses can effectively tackle this issue and turn it into a revenue recovery opportunity. 🔑 Key Strategies: 1. Refine Your Payment Systems: Upgrade technology to reduce failure rates and streamline transactions. 2. Analyze Payment Data: Leverage insights to identify patterns and address root causes of payment failures. 3. Enhance Customer Communication: Clear and timely communication can help resolve issues and improve the customer experience. 4. Offer Multiple Payment Options: Cater to various preferences to minimize payment friction and boost conversion rates. Implementing these strategies can help turn payment challenges into growth opportunities. How is your organization managing payment failures? #PaymentSolutions #RevenueRecovery #Subscriptionbusiness #CustomerExperience #Fintech

    Council Post: Strategies For Transforming Failed Payments Into Revenue Recovery

    Council Post: Strategies For Transforming Failed Payments Into Revenue Recovery

    social-www.forbes.com

  • View organization page for Butter Payments, graphic

    5,006 followers

    ☀️ This week, Team Butter soaked up the San Diego sunshine at the MRC | Merchant Risk Council meetup! It was fantastic to connect with fellow payments professionals and exchange insights on the industry's hottest trends. Here are some takeaways from the event: 1️⃣ Merchants are evaluating whether orchestration is the way to enhance their multi-PSP strategies and navigating which orchestrator stands out amidst the noise. 2️⃣ Enterprise merchants are seeing the benefits of decoupling from PSPs and turning to independent, agnostic partners to boost authorization rates. 🔍 What trends or insights are you seeing in the payments space? Share your thoughts and let's keep the conversation going! 💬👇 #Payments #Fintech #MRC2024 #MerchantRiskCouncil

    View profile for Vinay Shiriwastaw, graphic

    Chief Commercial Officer, DisputeHelp

    MRC | Merchant Risk Council San Diego is in full swing and we are all thoroughly enjoying the content, location and company of our payments community. Actually can't imagine a more beautiful venue this time of year to hold this great event. DisputeHelp was honored to partner with Adyen and Butter Payments to host our friends here for a night of drinks, lite bites and great company. Great stories, insights and laughs were shared by all. I personally want to thank all those that attended and a special thanks to my great friends that partnered with me to host this event. Chase Foster, Trevor Nies, and Brigette Korney you are world class professionals and thank you to leaders Vijay Menon, Raja Roy-Choudhury and Laurel Hertz for the added support. Keep building for our community and industry! Keep Pushin'!!

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    • No alternative text description for this image
  • View organization page for Butter Payments, graphic

    5,006 followers

    🚀Dr. Squatch Boosts Revenue by 11% with Butter Payments 🚀 We’re thrilled to share how #DrSquatch has achieved remarkable results by partnering with Butter Payments! 🎉 In just 5 months, Dr. Squatch increased their monthly recovered revenue by an impressive 11% using Butter’s advanced payment solutions. 💡✨ How did they do it? By leveraging Butter’s cutting-edge technology to streamline payment processes and enhance customer experience, Dr. Squatch has not only improved revenue recovery but also set a new standard for financial efficiency. 🔹 Key Takeaways: -Streamlined Payment Solutions: Seamless integration for smoother transactions. -Enhanced Revenue Recovery: Increased monthly revenue with minimal effort. -Optimized Customer Experience: Providing a hassle-free payment process. Are you looking to elevate your revenue game? Discover how Butter Payments can help your business thrive. 💼🚀 #RevenueGrowth #PaymentSolutions #fintechInnovation #ButterPayments

    Dr. Squatch boosts monthly recovered revenue by 11% with Butter in 5 months. | Butter Payments

    Dr. Squatch boosts monthly recovered revenue by 11% with Butter in 5 months. | Butter Payments

    butterpayments.com

  • Butter Payments reposted this

    View profile for Vijay Menon, graphic

    CEO & Founder, Butter Payments | Author, A Brown Man in Russia

    🍽️ Bay Area Subscription Industry Dinner What a fun evening! We partnered with our friends at J.P. Morgan to bring out CFOs + Payments Executives to one of my favorite spots - The Village Pub in Woodside (after bringing my Mom there for Mother's Day this year and getting the exceedingly rare stamp of approval, I knew we wouldn't go wrong with this choice ... and after a Jensen spotting, we felt reassured). When I started Butter Payments 4+ years ago, half of the battle was convincing leaders that retention + churn mitigation mattered as much as acquisition + growth - and even within the group that was battling churn, solving payment failure was hardly seen as a pivotal driver of retention, let alone revenue growth. The mood has certainly shifted and we're proud to have moved the market forward on the issue of accidental churn. It was an absolute blast to gather with a group of leaders who are aligned in unison on the importance of optimizing payments flows, mitigating churn, and driving retention and LTV:CAC uplift in 2024. You better believe that we had a lot of fun talking about everything else as well. It felt like every topic was on the table - life, kids, pets, Kazakhstan and Belarus, the (apparently dangerous) halls of Los Gatos High, The US Open, Black Pistol Fire, momos in the East Bay, and inebriated holiday party yetis - among many others. This was a great group of people. IRL events are always the best and I wanted to extend a massive thank you to everyone who joined our industry dinner last week. First - very special shoutouts to our organizers from both Butter (Carol) and JPM (Chad Cochran, Jeff Sereno, Victor Castillo) who organized an amazing venue. Second - to our attendees who we wish nothing but continued success: Yatin Mody of Postman, Sid Sanghvi of Asana, Peter A Krivkovich of Bitly, Bibek Bhattarai of PandaDoc, Valeriya (Valerie) Kondratova of Adobe, Roy Barak (Consultant but most importantly representative of Muttville Senior Dog Rescue), Christina Homburg of Marley Spoon, Rashi Maskara of IPSY, Karim Damji of Substack, Tom Fox of Malwarebytes, John Morris of Cyberhaven, Will Goldfarb of Doppler, Peter Chan of vidIQ, Shuting Zhang of Render, Tobias Wessels of Helm.ai, Eileen Treanor of LeoLabs, and Edward Fan of Clear Labs Last but not least - to my Buttertons! Kevin Perko, Catherine Leon, Scott Powell, and Patrick Lutz (apparently I'm at my mention limit - LinkedIn, let me shout out the posse!) Here's a terrible photo ... because we are about living in the moment, not phones! We do these frequently ... so see you at the next one? (NYC we're coming back!)

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  • View organization page for Butter Payments, graphic

    5,006 followers

    You've been laser focused on fixing active churn, but did you know you could reduce overall churn and increase ARR by 5%+ by focusing more on passive churn? Here's some facts about Passive Churn: - Failed payments will cost the subscription industry an estimated $650B in 5 years - 50% or more of customers will not update their payment method if a payment fails - 1/3 of customers won’t shop again with retailers that reject their purchase due to a false decline - 25% are likely to post negative comments on social media about their experience - 5% of subscription customers are lost each year when legitimate payments fail Learn more about how involuntary churn is affecting your business: https://hubs.li/Q02GZ6qj0

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