Friday, November 13, 2009 Launch

Well, it’s been a while since I’ve posted on the blog. This is mostly because I have been busy, and doing a lot of writing (mostly Web content) and articles for other sites. One of the more interesting projects I have been working on is Payments-R-Us ( The following press release sums it up pretty well: Shows Merchants how to choose Payment Processors

Content-rich Site provides transparent view into enigmatic payment processing industry, while helping merchants find suitable payment processors.

NEW YORK, NY, November 4, 2009. Merchants looking to accept credit cards and other forms of online payments can chose from thousands of payment processors, each differing in subtle ways. The process of selecting a vendor is often time-consuming, frequently resulting in frustration or a poor choice. Merchants now have a valuable new resource in (

For the first time, a group of payments industry experts is trying to educate merchants by publishing an extensive library of articles providing “insider” knowledge and expertise. will also provide merchants with a list of suggested vendors based on the merchant’s business characteristics.

According to Scott Loftesness, payments industry veteran, publisher of and founding partner at Glenbrook Partners, “Merchants seeking to learn about payment processing are often confronted with a lack of information. is one of the few online resources I have seen that empowers merchants to make informed decisions about choosing a merchant account.”

The credit card industry processes trillions of dollars a year in sales. In order for merchants to participate in this massive system, they must sign-up for a merchant account provided by a bank or payment processor. Despite the presence of thousands of processors, many merchants suffer from a general lack of knowledge and end up paying too much or otherwise choosing the wrong vendor for their needs. Comparing and negotiating merchant account fees can be confusing, and these fees can be meaningful, representing between 1.5% and 3.5% of a merchant’s sales.

“Given the complexity of today’s payments environment, finding and negotiating with a suitable payment processor can be difficult,” says contributor Mike Shatz. “ was designed to suggest appropriate vendors to merchants, and to provide expert content to help them understand the system and negotiate the best deal.” is free and objective and offers merchants a “wizard,” which will suggest a number of appropriate vendors. The wizard can provide solutions for most industries including what many consider to be “high risk” areas. Merchants simply submit some basic information about their business and selling models, and choose which of the suggested vendors they wish to contact. Unlike other processing portals, includes specific solutions for merchants requiring:

- Multicurrency Support
- Affiliate Marketing
- Digital Content
- eCommerce Hosting
- Alternative Payments
- Adult and Gaming

Each functional area is supported with in-depth content so merchants can readily understand terms and options, and better negotiate their agreements. Merchants with complex needs can also choose to work with a consultant from Payment-R-Us’ consulting network.

About ( is an online payments resource that uses proprietary compatibility software to match merchants with suitable payments providers. Our technology is supported by expert content that teaches merchants how to select the most appropriate vendor and negotiate the best deal. Serving global markets, offers merchants the widest variety of payment solutions available including domestic, international and high risk processing, turnkey eCommerce platforms and affiliate programs. Headquartered in New York, the company is privately held, and was founded by an international team of payments and eCommerce executives.

Michael Shatz