YNOT – OrbitalPay will cover at least part of the initial high-risk account-registration fees charged by Visa and MasterCard for all new clients who sign up before April 30. The offer represents a financial savings of as much as $1,000 per client.
The amount of OrbitalPay’s investment will be based on a merchant’s transaction volume, according to a spokesperson.
“For companies already processing over $40,000 a month, OrbitalPay will pay the initial $1,000 fees,” an annoucement noted. “[For] companies under the $40,000 monthly threshold, or for new companies, OrbitalPay will subsidize the initial fees in the amount of $500.”
The 12-year-old internet payment services provider, a subsidiary of Austin, Texas-based Global Electronic Technology Inc., offers a gateway billing solution as well as merchant accounts and check processing. The company specializes in transaction processing for websites that operate in “high-risk” arenas including product sales, membership, video-on-demand and live cams.
“For more than a decade we have provided services to companies of all sizes, from start-ups to multi-national conglomerates,” the spokesperson said. “With a superior gateway product and relationships with multiple banks for merchant accounts, OrbitalPay’s knowledgeable staff has the experience and expertise to help you define the best payment processing strategies for your business.”
As a special deal for Phoenix Forum attendees, the company will hand over $100 cash, on the spot, to prospective new clients who complete an application and provide the basic supporting documenting during the conference. The Phoenix Forum will take place April 4-7 in Tempe, Ariz.
For more information, visit OrbitalPay.com.
