Credit Card Processing

A Different Way to Shop for Credit Card Processing

Ten years ago if you wanted to stay in a hotel you called multiple travel agents and hotel companies to gather information on price, location and quality. Now you can gather that information and book your stay on one of many websites that provide objective comparisons across hotels, saving you time and enabling a better decision.

TransFS brings the same transparency to shopping for credit card processing services which, until now, were purchased the same way they were 10 years ago. Nearly all of our customers find significantly better deals with TransFS than they had been able to find by calling brokers and financial services companies directly – and TransFS costs them nothing.

Credit Card Processing – one of Your Largest Purchases

Credit card processing is a large expense for many small businesses, particularly those that conduct business online. Small merchants commonly pay 2.5%-3.0% of their revenue for credit card processing – in other words a business with $500,000 year in revenue pays $12,500 and $15,000 / year on credit card processing. Such a large purchase warrants careful shopping.

Shopping Around Results in a Better Deal

Small Businesses shopping for a better rate on credit card processing can usually get a better rate just by calling 1 other company. However, those who call 6 other companies achieve 5x greater savings. TransFS automates such shopping, allowing you to solicit and compare dozens of service providers at the same time.

Apples to Apples Comparison

It is difficult to compare rates across credit card processing companies, because the format of their quotes are different. For example, one company may break out debit cards in a separate (lower cost) category, while another company may include them in the basic Mastercard and Visa categories. TransFS software analyzes different format quotes automatically and allows you to compare them on equal terms.