Recharge Welcomes Skio: What the $105M Deal Means for Subscription Merchants, and Where FlyCode Fits

On April 30, 2026, Recharge announced it had acquired Skio for $105 million. Two of the most respected names in Shopify subscriptions, one the most widely installed subscription platform on Shopify, the other a beloved upstart known for its modern UX and passwordless checkout, are now part of the same company.

At FlyCode, our first reaction is a simple one: congratulations. We are proud partners of Recharge, Skio, and Loop, and we work with merchants across all of them every day. When two great teams join forces to build the future of subscription commerce, that is good for the entire ecosystem we serve. So before anything else, we want to say it plainly: we are genuinely happy for Recharge and Skio.

We also know that any acquisition raises questions for merchants. This post is here to answer the one we are closest to: whatever happens at the subscription-platform layer, what happens to your failed-payment recovery? The short answer is that it stays steady, because recovery is a separate, specialized layer, and FlyCode is the recovery partner that works across all of these platforms.

What the Acquisition Means for Merchants

Per Recharge's announcement, nothing changes for merchants on either platform today, with a combined roadmap to be shared in the months ahead. Both Recharge and Skio continue to operate. For the day-to-day running of your subscription program, that is reassuring news.

Subscription platforms are long-term decisions, so it is natural for merchants to take a moment to review their stack after news like this. That is healthy. But there is one part of the stack that does not need to be part of that uncertainty at all: how you recover failed payments.

Recovery Is the Layer That Stays Constant

Here is the thing about failed payments. They are one of the largest sources of involuntary churn in any subscription business, commonly cited at 20% to 40% of total churn at scale, and they fail for reasons that have nothing to do with which subscription app you run. A generic decline, an issuer hold, a network timeout: these happen the same way whether your subscriptions live on Recharge, Skio, or Loop.

That is why recovery is best handled as its own specialized layer that sits above the subscription platform. The platform manages the subscriptions. The recovery engine wins back the failed charges. Keeping those concerns separate means a change at the platform layer, like this acquisition, never has to disrupt the dollars you are recovering.

FlyCode: The Recovery Partner Across Every Platform

FlyCode is the payment recovery specialist for ecommerce subscription merchants, and we are platform-agnostic by design. We partner with Recharge, Skio, and Loop, and we focus 100% of our work on one job: diagnosing and recovering failed payments better than anything else on the market.

Because we are a partner rather than a competitor to your subscription platform, we work alongside their native tools instead of replacing them. The clearest example is Recharge. FlyCode integrates directly with Recharge Retain: you keep Retain for the full subscriber lifecycle, route failed payments to FlyCode for specialist recovery, sync recovered charges back to Recharge, and rely on smart guardrails that prevent any double-dunning between the two. Merchants see a 20% to 40% improvement in failed-payment recovery on top of what they had, and the integration launches in about a day through Recharge's webhooks and APIs. The same complementary approach applies for Skio and Loop merchants: their platform keeps doing what it does well, and FlyCode maximizes recovery underneath it.

Why a Specialist Layer, When My Platform Already Has Dunning?

Every good subscription platform, Recharge, Skio, and Loop included, ships solid native dunning: retries, reminder emails, and often a backup-card attempt. That is a strong baseline, and we are glad it exists. A dedicated recovery engine is a different thing layered on top of that baseline, and it is where the incremental revenue lives.

FlyCode brings a per-merchant adaptive model trained on your own decline reasons, issuer responses, BIN patterns, and network tokens, with dynamic dunning timing and network-level signal from direct Visa, Mastercard, and Stripe partnerships. It is the difference between good built-in dunning and a system whose entire purpose is squeezing the maximum recoverable revenue out of every failed charge. Published results across our ecommerce clients include up to 75% of failed transactions recovered and a 20% LTV increase at Gardencup, with a typical 25% to 40% lift above baseline.

What Merchants Should Do Now

• Don't rush your platform decision. Recharge has said nothing changes today. Whether you are on Recharge, Skio, or evaluating Loop, you have time.

• Decouple recovery from the platform question. Your failed-payment recovery does not need to wait on any roadmap. It is a separate layer you can optimize today.

• Check what you are leaving on the table. Most merchants are recovering less than they could, regardless of platform.

A Quick Word on the Ecosystem

We built FlyCode to be the recovery layer the whole subscription ecosystem can rely on, which is why we invest in partnerships with Recharge, Skio, and Loop rather than picking a side. Consolidation like this is a sign the category is maturing, and that is a good thing for merchants. We are excited to keep supporting Recharge and Skio merchants, and every subscription brand, with the best failed-payment recovery in ecommerce.

See How Much You Could Recover

Whatever subscription platform you run, FlyCode will show you, in dollars, how much of your failed-payment revenue is recoverable above your current baseline. Run a free recovery audit, explore the Recharge integration, or get the FlyCode app on Recharge. Pricing is pay on recovery only.