TransFS Releases Game Changing Feature For Ecommerce Merchants

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June 08, 2010
By the ZippyCart Ecommerce Software Reviews Content Team

TransFS.com, the world’s easiest way to find the best deal on a merchant account, just released the only platform which allows merchants to screen merchant account providers by gateway. That means that existing e-commerce websites can comparison shop for a better credit card processor without having to rip out their existing infrastructure to get a better deal.

Some quick facts:

• 80% of merchants are overpaying for their merchant account
• Integrating into a new API is the most expensive and time consuming part of switching to a new merchant account provider
• Popular gateways like Authorize.net, Braintree, Cybersource and Payflow work with 60-90% of merchant account providers, giving e-commerce businesses significant choice in their merchant account provider without having to rewrite any software
• Online retailers switching merchant account providers with TransFS on average reduce their overall processing rate by 40%
• ComScore measured $129.8B in 2009 online retail sales meaning the potential benefit to online retailers alone is $454,000,000 / year

“Being able to comparison shop credit card processors for better deals without any changes whatsoever to existing infrastructure means e-commerce sites and bricks-and-mortar retailers can finally start seeing benefits from a truly competitive marketplace,” said Sean Harper, co-founder and CEO of TransFS.com.

TransFS works by having merchant account providers compete for the business of retailers and e-commerce sites. Retailers and e-retailers just fill out a quick survey about their business, and get instant binding quotes a variety of credit card processors. These quotes are on an apples-to-apples basis, so it’s dead simple for merchants to compare bids and select a provider. Every quote on TransFS adheres to TransFS’s fairness standards, which includes interchange-plus pricing and absolutely no hidden fees.

For more information about TransFS’s new offering, please contact Stella Fayman, TransFS Director of Marketing, at stella@transfs.com or 309.368.5987.

If you are interested in contacting Sean Harper, TransFS co-founder and CEO, for use as a source or expert in your payments or e-commerce stories, please feel free to contact press@transfs.com or 309.368.5987.