TransNational Bankcard and Credorax are excited to announce today a new partnership that will enable TransNational to provide its best-in-class merchant services solutions to the entire European Union, plus five additional countries.
After experiencing market and portfolio growth, TransNational leadership decided it was time to begin investing in international platforms. “We’ve been working hard on this for the last year,” says Aaron Subich, product manager at TransNational. “As our small and mid-sized merchant partners and ISVs have expanded, we realized that we needed to be able to provide solid and dependable processing options for them abroad.
“Credorax has enabled us to do that, and do that well,” continues Subich. As a Principle Member of Visa Europe and MasterCard and licensed under the Payment Services Directive (PSD), Credorax specializes in full-service solutions. “By leveraging their platform and impressive team of experts, we’ve been able to seamlessly integrate international payment options and alleviate a historical pain point in our industry.”
For businesses that have foreign entities established or are looking to expand into new markets, TransNational and Credorax’s partnership could pay significant dividends in both cost savings and capital management efficiencies. Since interchange rates in the EU are significantly less than those in the U.S., businesses could benefit from processing transactions abroad. Additionally, businesses that are able to process abroad also avoid additional “cross-border” downgrade fees and currency conversation fees.
Those interested in additional information are encouraged to call TransNational at (888) 998-6224.
