I recently ran across a service that could be useful to e-commerce businesses. TranFS claims to be "an online comparison shopping business for small business financial services. Think of us as an Priceline or Travelocity [...]: we help small businesses compare and purchase financial services (such as payroll processing, credit card processing and business loans)." Sounds interesting.
I tried out their "Credit Card Processing" calculator.
It's not clear to me if they put everything into the calculation or not. With "everything" I mean: merchant account monthly fee, payment gateway account monthly fee, fixed and variable transaction fees. Assuming they do, according to the tool at Early Impact we are paying way too much. We'll have to look into it :-)
Similarly to services like LendingTree.com, it appears that you can submit some information about you and what you need, and they get you a few quotes from competing service providers. The system is still in BETA and there is not much information about the company on their About Us page. There is a phone number you can call for more information.
It might be worth a look if you believe to be paying credit card processing fees that are too high.
BuyerZone and VendorSeek appear to be offering a similar services.
If you end up switching your Internet Merchant Account provider, make sure that they can work with a payment gateway that is supported "out of the box" by your shopping cart. Otherwise you could drive yourself into a messy situation.
If you try any of these services, please post back so others can learn from your experience.
Cheers,
massimo
Disclaimer: I have not spent time digging into the TranFS service to see how accurate or dependable it is. I have also not submitted our company information to receive bids from matching service providers (too busy: we're in the middle of a software release). I have not tried the BuyerZone and VendorSeek services either.
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