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Boltshift

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Mar 12, 2025

How Boltshift reduced checkout friction and recovered lost revenue

Payment failures were costing us real revenue. Solvent fixed that in the first week.

Chloe Benett

Chief Executive Officer

28%

More Successful Payments

Increase in successful cross-border transactions after switching.

28%

More Successful Payments

Increase in successful cross-border transactions after switching.

$4.8M

Processed

Moved through Solvent in the first quarter.

$4.8M

Processed

Moved through Solvent in the first quarter.

30%

Less Cart Abandonment

Reduction in cart abandonment on cross-border checkouts.

30%

Less Cart Abandonment

Reduction in cart abandonment on cross-border checkouts.

40

Time Lost

Of finance ops spent reconciling numbers across disconnected tools.

40

Time Lost

Of finance ops spent reconciling numbers across disconnected tools.

Company info

HQ

Toronto, Canada

Industry

E-commerce

Size

201–500

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The Challenge

Boltshift was processing payments across twelve markets. Every wire transfer took between three and four days to settle. Their finance team spent two full days every month chasing reconciliation discrepancies across spreadsheets.

As the business grew, the problem got worse. More markets meant more corridors. More corridors meant more manual work. The team needed infrastructure that could keep up.

Why Boltshift Chose Solvent

Boltshift evaluated three providers before selecting Solvent. The decision came down to two things: the depth of local rail coverage and the speed of implementation.

Book a demo to see how Solvent handles multi-market payment flows.

The Evaluation Process

The finance team ran a structured evaluation over six weeks. They tested settlement times, reconciliation accuracy, and API reliability across their five highest-volume corridors.

Solvent cleared every test. The team was live within three days of signing.

The Results

Within thirty days of going live on Solvent, Boltshift had reduced their average payment processing time from four days to same-day. Reconciliation went from a two-day monthly exercise to an automated daily process.

What Changed on the Ground

The finance team no longer chases payments. Every transaction is matched automatically and exported to their ERP at the end of each day.

The operations team now has live visibility into every balance across every market. Nothing is hidden in a spreadsheet.

What’s Next

Boltshift is now expanding into four new markets using Solvent’s local rails. The same infrastructure that handles their existing corridors will support the new ones without any additional setup.

For more on how Solvent supports expansion into new markets, see our Payments product page.

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