Electronic Payments

Leading internet payment service provider SafeCharge announces today the unconditional need 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.

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?" stated Sharon Gal-Franko, Marketing Director at SafeCharge Ltd.

"What would happen" she continued "is 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."

Online operators, no matter if their traffic is local or international, should be aware of the risks they are facing these days when only working with one bank. Finding the connected payment-service provider (PSP) that has 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. And most of all that processor has to be prepared so that if one bank suddenly falls or has to change industry requirements, the payment provider is able to replace that bank with another acquirer without troubling online merchants in another wearisome application process.

"SafeCharge is exactly that connected PSP that is trusted by the leading and most reputable acquiring banks in the industry. We are able to switch merchants' online processing to a different acquiring bank ensuring them incessant processing activity by only one system integration, no additional handling and administrative fees, hence no hassle of bureaucratic hardships." says Gal-Franko.

About SafeCharge
Commencing activities in 2000, SafeCharge is an international leading payment service provider with subsidiaries worldwide, integrating high-end payment gateway services with one of the most powerful online fraud prevention solutions available today.

Being PCI certified, SafeCharge provides e-merchants of all online industries with a complete set of secure payment solutions and services. Through SafeCharge’s well-established banking relations with leading acquiring banks worldwide, merchants are able to acquire numerous direct merchant accounts within minimal time at globally competitive rates. For more information, visit http://www.safecharge.com/.