Enhanced Marketplace Enables Comparison Across Diverse Pricing Models and Providers
CHICAGO, Feb. 18, 2010- TransFS.com, a leading marketplace for businesses seeking financial services, today announced its certification of PayPal Website Payments Pro as a participant in the TransFS credit card processor marketplace. Effective immediately, PayPal joins the roster of pre-screened providers who may competitively bid to earn the business of TransFS users.
PayPal Website Payments Pro is a fully integrated version of PayPal that does not require customers to leave a merchant’s website in order to make a payment. PayPal’s inclusion further increases competition between large “name brand” and smaller processors in the TransFS marketplace. TransFS users benefit from lower payment processing fees that allow those merchants to keep more of their money.
For most merchant accounts, TransFS recommends Interchange-Plus pricing, which provides the most transparent fee structure. Although PayPal Website Payments Pro does not provide an Interchange-Plus option, TransFS proprietary software translates between different pricing mechanisms to provide an apples-to-apples comparison.
“We are extremely excited to be able to provide an all-inclusive comparison between fixed–price options such as PayPal, and Interchange-Plus bids from our network of participating processors,” noted Joshua Krall, co-founder and CTO of TransFS.com.
In order to see how PayPal Website Payment Pro fees compare to other options, 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” through which pre-screened credit card processors competitively bid for the merchant’s business. The process is secure and completely free to the merchant.
Merchants receive a clear and comprehensive report that includes competitive bids and detailed bidder profiles, plus BBB ratings and reviews from fellow merchants where available. To avoid the annoyance of unwanted sales calls, TransFS allows merchants to question bidders about their services and bids while maintaining complete anonymity. Merchants also have the option of submitting a current processing statement for a confidential savings analysis by a TransFS payments expert – also at no cost.
The addition of PayPal Website Payment Pro to the TransFS marketplace furthers TransFS’ mission to provide the most complete and transparent comparison shopping resource for credit card processing services. To date, TransFS has helped its users save an average of 40% on their credit card processing costs.
TransFS.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 an online ratings and reputation.