Merchant Warehouse Appears in Transaction World Magazine
On February 2nd, 2009, Merchant Warehouse’s Scott Zdanis, co-founder and co-CEO, offers insight into the state of the economy and its affect of acquirers and ISOs to Transaction World Magazine. Zdanis said that when it comes to ISOs and acquirers, he doesn’t feel that this will be as devastating a scenario as may play out in some people’s minds. In fact, he believes that this will not be a devastating time for the entire industry.
Zdanis went on to say that many ISOs and acquirers will continue to gain customers faster than they lose them or their customers’ activity goes down. This does not apply across the board, but will be true about hundreds of big and small acquirers and ISOs that are aggressive and financially healthy right now. Companies with the highest fixed overhead and debt relative to recurring revenue might be in trouble.
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