Then there’s into the AngelPay Foundation, a nonprofit company that processes payments. The AngelPay team first invented an innovative, secure and robust Internet payment processing system called Authorize.Net in the year 1996.
The company continues to provide the same services and tools however, they believe that being a non-profit organization will restore trust and credibility to the business. This also provides the team with the chance to give back to the community of merchants who have been good to them over time.
“Over the past couple decades, we’ve seen a lot of companies resort to shady tactics to satisfy shareholder demands. If you’re operating as an aggressive for-profit company in this industry, there are just too many temptations to exploit your customers,” is Ferris Eanfar, AngelPay’s CEO.
“The credit card payment processing industry has not always treated merchants fairly, and we realized we could do something about that,” says Jeff Knowles, AngelPay’s CTO.
Payment processing is an issue for companies large and small, non-profits, and even artists that need acceptance of credit card. AngelPay recognizes that a lot of merchants feel cheated by their current payment processors, however they do not know where to turn.
In this regard, AngelPay believes that merchants are able to profit of its payments processing system due to the following reasons
A Solution for Merchant Pain. AngelPay has developed its “Pay-What-You-Can” pricing structure and “Emergency Contract Triage” program. “The Triage program started out as a way to add a little levity to the lives of our merchants, but we’ve been surprised at how many merchants have taken it seriously,” Eanfar says. Eanfar. The program helps merchants control their expenses better as well as revealing the ways they’re exploited by other processors.
Simplicity. One of the aspects that distinguishes AngelPay from other processors is the simple nature of its charges and non-profit cost structure. Anyone who has implemented credit card processing in their business knows that the expensive fees that most processors charge can be a hassle.
Proven Experience. AngelPay was established a few years ago following the team that had sold Authorize.Net however, AngelPay has been growing rapidly and its goal is “Return wealth and power to the creators of value” appears to be in tune in the marketplace. With the advantages of cost it is logical that merchants should select a trusted team working as a nonprofit company instead of more aggressive financial institutions which may not have their customers’ best interests in mind.
