SOFIA, Bulgaria - SafeCharge announced Thursday that it has made partnerships with major EU acquiring banks in an effort to allow merchants to switch banks and jurisdictions.
SafeCharge said this covers merchants in cases in which their transactions are no longer accepted by their acquiring banks or allowed in their jurisdictions. In such an instance, the payment-service provider said, a merchant's processing can be switched to another bank in a different jurisdiction.
"Sales have dramatically increased since we've been able to offer the multi-banking approach," said Sharon Gal-Franko, SafeCharge's director of marketing. "Today's merchant is hesitant to put all his eggs in one basket, so giving him the solution of [multiple] accounts in [multiple] jurisdictions gives him the reassurance that he's well protected."
SafeCharge said adding the multi-banking solution makes the company "all-inclusive."
"That means that a merchant can be contracted with only one processor, SafeCharge, and feel protected with backup from every aspect," a company representative said.
