TransFS – Comparison Shop For Credit Card Processing

Next Story

OrganIP - Calling People Without Knowing Their Number

TransFSOnline merchants and web portals/sales sites often find a processing company and (often) a gateway for online processing when they first begin and then feel stuck with that solution for the duration.  Fees from some of these merchant gateways can be pretty steep.  Especially for online purchase transactions, which have a high fraud rate that processors control by charging higher fees to the merchant.

TransFS.com wants to change how merchants find their processor and empower businesses with the ability to let processors compete for their business.

The idea is awesome and definitely empowering, allowing the business owner to shop around easily for better terms and rates.  With online processing and merchant services being a well-established and normal way of doing business today, it’s good that tools like TransFS are showing up to give businesses a better way to find the services they need to conduct business.

The way it works is simple.  The business owner fills out a form with the information you’d normally give to a merchant gateway to set up an account: percentages of online, mail order, and phone transactions (card-not-present) and on-site (card present) as well as monthly sales volumes and average transaction size.

Processors then bid for your business, giving their most competitive offer.  These are shown to the business owner by TransFS in a side-by-side comparison list for easy decision making.

Amazingly, TransFS beta series showed an average of 40% savings in fees from testers who switched from their current gateways to new processors found through the site.  TransFS monetizes through fees paid by processors competing on the site for new business and the site is free to use by business owners/entrepreneurs.

TransFS was founded in 2008 and recently received grant from the Chicagoland Entrepreneurial Center (CEC) on October 13.  The startup is based in Chicago, Illinois and also recently released their free iPhone app (OS 3.1 or later) for processing credit cards through an iPhone.  The app is unique in that it can be used through any merchant gateway, so it is not tied to one provider.

TransFS is definitely one to keep your eye on.


Ricoh Pro C5100 C5100S 2G RAM Memory D1365709 OEM picture
Ricoh Pro C5100 C5100S 2G RAM Memory D1365709 OEM
Kingston 4GB (2X2GB) KVR1333D3N9/2G PC3-12800 DDR3-1600MHz 240-Pin DIMM RAM picture
Kingston 4GB (2X2GB) KVR1333D3N9/2G PC3-12800 DDR3-1600MHz 240-Pin DIMM RAM
Greenlee Hydraulic ram 5013228   5013229 picture
Greenlee Hydraulic ram 5013228 5013229
Back Up Battery, RAM Holder Bar Replacement for Trimble YUMA 2 picture
Back Up Battery, RAM Holder Bar Replacement for Trimble YUMA 2
HEIN-WERNER PUSHMASTER HYDRAULIC HAND PUMP  4TON RAM picture
HEIN-WERNER PUSHMASTER HYDRAULIC HAND PUMP 4TON RAM