Just in Time for Internet Retailer 2010, Online Merchants Can Save Thousands Every MonthCHICAGO, IL--(Marketwire - June 8, 2010) - Transparent Financial Services (TransFS.com), the leading marketplace for comparing credit card processors, today announced that online merchants can comparison shop for better deals on credit card processing that work with their existing gateway providers. Effective immediately, online merchants can find better deals on credit card processing that work with their existing e-commerce systems without having to rebuild their infrastructure. To date, TransFS has helped its users save an average of 40% on their credit card processing costs.
The TransFS.com marketplace is the most comprehensive comparison shopping site of credit card processors ensuring that merchants get the lowest rates from the provider that best matches their needs. Merchants are given apples-to-apples bids from top tier processors for easy comparison.
TransFS.com users benefit from lower payment processing fees that allow merchants to keep more of their money. Participants in the TransFS marketplace offer Interchange Plus pricing which provides the most transparent fee structure. For those providers, such as PayPal Website Payments Pro, that do not provide an Interchange-Plus option, TransFS' proprietary software translates between different pricing mechanisms to provide an apples-to-apples comparison.
"Retailers face a confusing array of processors and pricing models when they shop for a new credit card processing provider. Our software simplifies this process and saves business owners thousands of dollars and hours of manual research," explained Sean Harper, co-Founder and CEO of TransFS.com.
In order to get binding, no-obligation bids from processors on the TransFS marketplace, merchants simply enter information about their credit card processing needs into a short form on TransFS.com. Within minutes, TransFS runs a proprietary "reverse auction" where pre-screened credit card processors competitively bid for the merchant's business. The process is secure and completely free to the merchant.
TransFS.com will be at Internet Retailer Conference and Exhibition in its hometown of Chicago between June 8 and June 11, 2010 and welcomes the opportunity to meet with online retailers large and small. TransFS has saved its customers thousands of dollars a month in credit card processing by placing merchants in control. Today's announcement of its new screening based on payment gateway further allows merchants to get the best deal on credit card processing without the hassle or expense of rebuilding any critical e-commerce systems.
About TransFS.comTransFS.com is an online comparison-shopping service that enables business owners to shop for credit card processing services quickly, efficiently, and at no cost. TransFS evens the playing field for business owners, letting them keep more of their money without time-consuming, annoying sales calls from service providers. TransFS employs instant reverse auctions to quickly negotiate better deals, automated bill analysis software to identify unnecessary or undisclosed fees, a stringent certification program and online ratings and reviews.
