When online merchants begin accepting credit cards, usually they sign up for Paypal. However, as business booms and revenue from credit cards grows,  it may be more cost effective to switch to a credit card processor (merchant account provider). Be wary, processors are known to be tricky and take advantage of business owners who know little about their trade. 

One business owner took matters into his own hands and started an online comparison shopping site (like Expedia for air travel) but for credit card processors. The site is called TransFS.com, and lets business owners quickly and easily compare top quality credit card processors. Processors can only use interchange plus pricing, the most fair pricing structure for businesses. Users save an average of 40% on processing, and are set up in contracts with no hidden fees or cancellation charges.

Check out TransFS, and also the newly launched Credit Card Processor Directory, where business owners can rate and read reviews on processors from fellow business owners.