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SafeCharge Offering Safe Financial Transactions

November 24, 2008

With the recent economic crisis hitting every country, industry and economic sector, it is no surprise that businesses offering and operating financial services are looking for ways to secure their clients transactions. With banks collapsing all around us and people’s savings disappearing overnight, many people are wary of placing their funds in online payment systems.

One such company, SafeCharge, which is based in the Isle of Man, offers online payment solutions to many niches, including the online gaming industry. SafeCharge has recently revealed that it would be taking action to spread their virtual operator’s risks which are present in card-not-present transactions by using a multiple-banking system.

SafeCharge has been offering virtual financial transactions for eight years and uses high-end gateway services, top fraud detection systems and innovation security features. It also offers clients the option of merchant accounts in several banks to spread their risks.

Sharon Gal-Franko, Marketing Director for SafeCharge says that the financial recession has created new economic breakdowns and that relying solely on one acquiring bank in this current market is quite 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 asked. “What would happen is you would not only lose revenues 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 brings to the online operator’s attention that their traffic, whether it is local or international, should be made aware that their transactions face risks when working with only one bank. Finding the right online payment service provider that has a wide range of acquiring banks in its portfolio and can use this spread to accommodate the processing needs of e-commerce operators is what makes all the difference.

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

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