SwipeSum's Secret Sauce: Why, What, and How We Operate

Here at SwipeSum, our customers often ask us about the work we do. They want to know why we started, what kinds of services we offer, and how we are able to find them the best payment processor so quickly when they have spent countless hours shopping around on their own. If you are unfamiliar with SwipeSum, here’s what you need to know about us.

Here at SwipeSum, our customers often ask us about the work we do. They want to know why we started, what kinds of services we offer, and how we are able to find them the best payment processor so quickly when they have spent countless hours shopping around on their own. If you are unfamiliar with SwipeSum, here’s what you need to know about us:

Why Was SwipeSum Started?

The answer to this question is quite simple: We saw numerous problems in the credit card processing industry, which all basically stem from a lack of transparency. Payments are convoluted, obscure, and just downright lousy. Processors hardly ever have any investment in their customers and are always trying to make a buck at their expense. Payment processing systems require certain hardware and software integrations to operate smoothly, but it is doubtful you will hear that from a salesperson.Almost every business needs to accept credit card payments, but most processors in the industry make it very difficult for businesses to know exactly what they are paying for. Oftentimes, merchants get roped into contracts without even knowing what they signed up for because they are purposefully written as confusingly as possible. As a result, merchants end up getting charged unnecessary fees that they did not even know they agreed to.That’s where SwipeSum comes in. We are shaking up this puzzling industry by connecting merchants with processors and ensuring that they offer the merchant transparent pricing and a holistic solution for all of their payments needs. Since virtually all businesses must choose a processor to deal with at some point, it is our goal to completely eliminate the confusion in the decision-making process so the merchant’s choice is clear.  

What Exactly Does SwipeSum Do?

While SwipeSum does operate in the payments arena, we want to make one thing very clear: we are NOT a credit card processing company. Alternatively, we are the first online marketplace for payment processing. In other words, we connect every business to the best credit card processor for them, period. We do not favor certain industries or processors. If you want great processing rates, we will find them. And the best part is we offer this service completely free of charge.Although our biggest gift to businesses is free, we also offer paid services as well. These services include interchange education, POS assistance, and PCI compliance, just to name a few. If you choose to enlist in our paid services and later on down the road you decide to opt out, that is not a problem at all. Cancel at any time - no questions asked.

How Does It Work?

As a client, getting started with SwipeSum’s services is quite simple. The first thing to do is fill out our online consultation. This process is quick and easy and should take no more than two minutes. We also ask for a copy of your credit card processing statements as these are extremely helpful in the negotiation process. From there, our technology goes to work curating a list of the processors that best fit the needs of your business. Within 48 hours we return to you with a formal proposal of a few potential processors to choose from. You then choose a processor and SwipeSum will introduce the two of you so you can start saving money as quickly as possible.It is important to realize that none of your personal information is shared with any of the processors until you make your final choice. We black out all contact information on your statements so the processors only see the numbers. These numbers help us to create a blind bidding war among the processors for your business. If a processor wants to do business with you, they will be forced to eliminate unnecessary fees and charges, which helps you achieve the best rates possible. Well, there you have it. That’s everything you need to know about SwipeSum. Everything we do is in an effort to pull away the black curtain that hides the shady activities in the payments processing industry. New business owners have a plethora of obstacles to overcome; choosing the right processor should not have to be one of them. If you want to start saving money on credit card processing get started with SwipeSum today!

Sam Elkins

Sam Elkins is a Product Manager at Swipesum, and the former Solutions & Integrations Architect. A graduate of University of Tennessee, Knoxville, Sam is an expert in Logistics, Supply Chain Management, and Materials.

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