Batched Inc. Acquires VelcroPay for its Merchant Service Marketplace.
Oscar Garcia, CEO of VelcroPay, stated:
“The acquisition will benefits both companies. VelcroPay has the marketplace with dozens of merchant account providers, MSP’s / ISO’s around the world. Batched Inc. has the financial products and deliverables that are beneficial to merchants of all sizes. Together we will be able to expand our services to the merchant service industry, financial industry and most importantly, we will be able to service all types businesses the right way.”
Batched.com is now poised to take Merchant Services into the 21st century. This acquisition signifies the beginning of transparency in the merchant services industry and the ability to offer multiple solutions to businesses of all sizes.
The banking industry has no vested interest in educating merchants to prevent fraud and charge backs, especially now that the new EMV implementation will release liability from the banks and direct it to all merchants that do not abide by the new security update. Batched.com with VelcroPay’s smart placement technology is bridging a major gap in the industry. Now merchants can feel in control that there is a safe guard between them and predatory merchant service providers.
Since the creation of the merchant service industry there has been a stigma developed towards providers. Business owners have experienced hidden fees, higher rates, bait and switch practices that have caused uncertainty in the industry. Batched.com with its new line of services provides certainty and a more efficient way to do business.
At Batched.com, we believe that business owners and service providers must have a transparent business relationship, since one cannot succeed without the other. If any merchant service provider continues to operate as they have, they will be exposed and replaced by the right service provider that offers the best rates and customer service to its clients. The goal is to provide fair rates, excellent customer service, and enhanced business relationship.