Busiest Month Ever
Retailers turn to Merchant Warehouse in October; Company Reports Busiest Month Ever for Merchant Account Business
Merchant Warehouse, a Boston-based provider of merchant accounts and credit card equipment, today reported merchant account sales totaled 1,916 for the month of October 2007, surpassing the company’s previous one-month sales record of 1,650 in August of this year. The October average of 17.42 accounts per employee establishes a new company benchmark and is especially impressive in the highly commoditized, price-driven merchant account industry.
The Southeast region accounted for 27 percent of October merchant account sales, followed by the Northeast and West, at 24 and 21 percent, respectively. The Southwest, however, showed the biggest jump in merchant account sales with a 31 percent increase over September. Retail continued to lead in industry-specific sales, growing by 29 percent over the previous month. Specifically, merchant account sales by region and industry in order of rank for October were:
|
Industry: |
Region: |
|
1) Retail (includes restaurant) |
1) Southeast |
|
2) Internet |
2) Northeast |
|
3) Mail order/telephone order (MOTO) |
3) West |
|
4) Lodging |
4) Midwest |
|
5) Southwest |
“With fewer consumers carrying cash and checks gradually becoming obsolete, accepting credit and debit cards has never been more an essential part of doing business for the small retail or service provider,” said Henry Helgeson, Co-CEO of Merchant Warehouse. “The upcoming holiday and travel season surely contributed to our strong October growth, as merchants prepare their systems to ensure they can service their clients without interruption.”
About Merchant Warehouse
Merchant Warehouse was founded in 1998 on the principle that businesses should be able to purchase credit card processing software, POS equipment, and merchant services at a reasonable price. With over 40,000 merchants, Merchant Warehouse now sets the standard for price, innovation, customer service, and integrity. For more information, please visit www.MerchantWarehouse.com. For information on the Merchant Warehouse agent and ISO network, please call (800) 491-4580.
Contacts:
Brian Waldman, Vice President of Marketing and Strategy
Merchant Warehouse
800.941.6557 x2050
bwaldman (at) merchantwarehouse (dot) com
Jeff Dillow or Sandra Proulx
PAN Communications
978.474.1900
merchant (at) pancomm (dot)com