Case Study: Scholarbook saves up to 3.4% on foreign currency transactions with Pliant

Scholarbook - Customer Case Study

Scholarbook, an athletic scholarship agency, faced high foreign transaction fees from traditional banks when making payments in U.S. dollars, a significant cost factor for their business. Founder Thomas Bojanowski was unable to find a bank that charged less than 2% for these transactions, leading them to seek a solution from the vendor, Pliant, and its corporate credit card service.

By implementing Pliant's corporate credit card, Scholarbook was able to use the official VISA exchange rate with no additional fees and even received 0.42% cashback on spending. This solution from Pliant resulted in savings of up to 3.4% on their foreign exchange transactions, turning a previous expense into a financial benefit for the company.

Scholarbook

Thomas Bojanowski

Co-founder