Finding a vendor for credit car processing is a daunting task for many merchants. Usually fees ranges from %2 to 4%. Now a new company called Transfs aims to ease the pain of the research process.

Transfs collects information regarding your sales in-store, online , mail order, phone and merchant’s current credit card processing fees and uses this information to determine the best deal out there for merchants to process credit cards.

When you sign up for the service, you will need to fill out  a form and submit it to Transfs. Once submission completed series of competing bids form credit card processing companies will be sent to you. After receiving numerous bids merchants need to review proposals in the same screen and decide on which credit card processing company is more fit for the business.

It looks like a solid product and can potentially remove the time consuming process of researching credit card processing service providers.