afeCharge has made the move to protect online businesses from the global financial crisis by offering them more than one merchant account with several acquiring banks through the same payment service provider.
Sharon Gal-Franko, Marketing Director at SafeCharge Ltd. confirmed: “The financial recession has created new economic breakdowns. Nowadays, relying solely on one acquiring bank is risky. What would you do, for example, if with very short notice were you informed that your bank would no longer process online transactions that are industry-specific coded? What if they announced bankruptcy?” She continued: “You would not only lose revenue, but you would have to find a new acquiring bank to apply for a new merchant account with most likely new and different requirements.”
SafeCharge is a connected payment-service provider (PSP) with an array of acquiring banks in their portfolio and can fit the best one at the right time for the specific processing needs of e-commerce operators is what makes the crucial difference.
The company is prepared so that if one bank suddenly falls or has to change industry requirements, it is able to replace that bank with another acquirer without troubling online merchants with another application process.
Gal-Franko concluded: “SafeCharge is exactly that connected PSP able to switch merchants’ online processing to a different acquiring bank ensuring them incessant processing activity by only one system integration, no additional handling, administrative fees or bureaucratic hardships.”
SafeCharge is exhibiting on ICEi stand 5345.