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payQuake recognizes the lack of a comprehensive payment processing solution to service both today’s non-traditional small growing businesses and the mature traditional prospering business under one plan. payQuake has created an effective means of solving this problem as well as the aforementioned merchant challenges by providing merchant controlled payment processing solutions via its patent pending Dynamic Merchant Pricing technology.
Today’s merchants want to have control in regards to choosing a merchant account plan that best fits the financial and business requirements of their business each and every month. Merchants are not satisfied with the expensive one size fits all payment options that are currently being offered in today’s commerce marketplace.
Merchants don't want to fill out additional merchant account applications and disrupt their business in order to switch to a more financially beneficial plan. Merchants also don't want to pay steep equipment purchase/lease investments and cancellation fees.
In most cases, today’s Internet Service Providers (ISPs), Home based businesses, Retail Associations, and various other merchant aggregation destinations have expressed dissatisfaction in regards to the overall high fees that a merchant must pay in order to accept bankcard payments at the point of sale. They feel that from a financial standpoint, merchant account providers high fees are prohibiting the growth of new merchants and customers in their respective industry, thus hurting their revenue streams from their new and existing customers.