Business
SAFEPAY SOLUTIONS INC., APPROVED FOR UNLIMITED PROCESSING, REVENUE EXPECTED TO SURGE
SAFEPAY SOLUTIONS INC., APPROVED FOR UNLIMITED PROCESSING, REVENUE EXPECTED TO SURGE.
About this update from Broadside Enterprises, Inc.
[{"type":"text","content":"New York, NY - (Wire Service) - March 20, 2006 - After being limited by the amount of processing that it could conduct without paying a penalty, SafePay Solutions Inc (OTC: SFPS) is pleased to announce that it has been approved for unlimited processing. The company can now process all the credit card transactions that it was previously unable to process without paying a penalty, and can pursue other revenue producing avenues. As a result of this major development, SafePay Solutions Inc. expects its revenue to grow significantly.\r\n\r\nFor the past three months, SafePay Solutions has been limited to only two hundred thousand dollars ($200,000) worth of credit card processing per month. On all processing over that amount, the company had to pay a 6% penalty per transaction. Therefore, a backlog was created with merchants and consumers having to wait for their turn to be processed. Now, with its vastly expanded processing capability, all of SafePay backlogged merchant suppliers and customers will no longer have to wait, and an unlimited number of transactions can be processed across the global internet.\r\n\r\nAs a result, SafePay expects that its monthly revenues will increase substantially to approximately $1,000,000 within about 60 days. Also, SafePay will pursue other revenue producing outlets, such as providing an online payroll system for companies that manage payroll for independent contractors.\r\n\r\nIn addition, the company expects to become a fully reporting company within approximately 60-90 days. \r\n\r\nThe Company believes that it has a significant advantage over many of its competitors due to SafePay's industry leading integration and processing software for merchants all across the web. Furthermore, since the Company now has the ability to process an unlimited amount of transactions without any penalty, SafePay's management believes that it is about to turn the corner and become a serious competitor to other online merchant processors.\r\n\r\nAbout SafePay \r\nAs an online payment provider, SafePay Solutions brings you the highest level of security, convenience, and speed of any online payment system. Our solutions for business and consumers all around the world are innovative, secure, and cost-effective. With SafePay Solutions, anyone with an e-mail address can send and receive payments, while merchant and corpor...