TransFS Launches Comparison Shopping Site For Credit Card Processing Fees

Accepting credit cards is crucial for any merchant but the obvious downside of this are the associated credit card processing fees which can amount to significant chunks of change. Usually fees range anywhere between 2 percent and 4 percent. Startup TransFS is hoping to help businesses sort through this issue by offering a comparison shopping website for credit card processing fees. On TransFS, businesses submit information about their transactions including the percentage of online, in-store, mail-order and phone transactions; the merchant's current credit-card processing fees; and monthly volume of sales and average transaction size. Full story...