LONDON | Optimal Payments has launched its Merchant Acquiring Service, following the announcement in January 2014 that Optimal Payments had obtained principal membership status for merchant acquiring from MasterCard Europe and Visa Europe.
Cost effective proposition
The service supports Optimal Payments' strategy to strengthen further its position in the market. Optimal Payments will directly acquire merchant accounts and process Visa and MasterCard payment transactions in the UK and the European Union, servicing more of the payment value chain and allowing Optimal Payments to provide an efficient, cost effective proposition to the market.
Recurring billing and subscription
Optimal Payments’ Acquiring Service offers a fully integrated, Account Updater service, giving ecommerce merchants an automated and secure option to verify payment for recurring billing and subscription accounts. This is in addition to the existing features of consolidated reporting, automated fraud suite with a dedicated team and online chargeback management.
No Need for Separate Acquiring Partner
“The launch of our Acquiring Service demonstrates our commitment to bring the most comprehensive payment processing solutions to our merchants and customers,” said Danny Chazonoff, chief operating officer, Optimal Payments. “The new Optimal Payments Acquiring Service gives merchants the flexibility to offer their customers a diverse set of payment and billing options to fit their needs without requiring a separate acquiring partner.”
Sourced from Press Release by Optimal Payments, November 19th, 2014