CashSender Becomes Every Small Merchants Payment Pal Slashing High Industry Fees For Online Payments

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Firm Charges a 2.9 Percent Flat Fee Per Payment Received With No Minimum Charge

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How big of a pal are they when they charge so much more to handle the same transactions. With the economy struggling, we really wanted to do everything possible to help small business grow by lowering their costs.

Small businesses have a new low cost pal to handle online payments for their products and services. CashSender.com announced today a new person-to-person online payment service designed to slash exorbitant e-commerce money transfer fees to as low as pennies per transaction.

“The competition simply charges small online sellers far too much in fees to handle low dollar transactions,” said Henry Tenby with CashSender.com. “We’re cutting fees to spur the growth of online commerce while offering better service and advanced security features.”

CashSender.com will simply charge an industry standard 2.9 percent transaction fee for all payments received. Unlike other services, there’s no added fixed price fee on top of the percentage fee. “Payment receivers will save 30 to 40 cents per transaction using CashSender” according to Tenby. “Factored over hundreds or thousands of transactions, the savings becomes substantial.”

The new service is also eliminating high fees related to cross border payments; business account status; use by international residents, and use of foreign currency. All CashSender members (personal and business use) in all countries pay the same 2.9% flat rate. There’s no cost to use the service for payment senders.

CashSender does not allow credit card payments. This saves merchants the headaches of charge-backs, pending payments, and reserves.

“The ultimate result is we only charge pennies per transaction compared with the competition,” Tenby said. “How big of a pal are they when they charge so much more to handle the same transactions.”

“With the United States economy struggling, we really wanted to do everything possible to help small business grow by lowering their costs,” Tenby said. “After all, small business is the engine of growth and employment in the United States."

United States residents can add and withdraw funds from their CashSender accounts with bank-to-bank e-checks and paper checks, as well as electronically from banks in the iPay Technologies network. Full electronic facilities for United States customers will soon be available. CashSender currently offers full electronic funding and withdraw facilities for its Canadian and Euro Zone members, with many other countries to be added.

“Our service is perfect for small merchants that sell low cost items online and across borders,” Tenby said. “We aim to be the payment transaction processor of choice for small market merchants.”

For more information about CashSender, and to start saving money on your online payments, please visit them online at CashSender.com.

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Henry Tenby
CashSender
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