July 22, 2009

VersaPay signs Board of Trade of Metropolitan Montreal to preferred payment processing agreement

As part of its continued mission to alleviate the rising costs associated with Canadian businesses accepting Visa and MasterCard, VersaPay is pleased to announce the signing of the Board of Trade of Metropolitan Montreal to preferrential credit, debit and ecommerce rates.

Under the new partnership, the Montreal-based Canadian company will build upon its existing relationship with Quebec businesses by providing preferred payment processing rates to the Board of Trade’s 7,000 business members.

“We are very pleased to associate ourselves with such a credible association here in Montreal,” says VersaPay President Patrick MacDonald. “As we continue to expand our market share across Quebec, the signing of a partnership agreement with this province’s largest Chamber of Commerce only strengthens our ongoing commitment to offering businesses the best possible Visa, MasterCard and Interac rates.”

In response to recent merchant account fee increases by competing Canadian payment processors, VersaPay’s preferential rates are being extended to all Board of Trade members in good standing to help fuel their business growth. With consumer spending deeply affected by the economy and credit crisis, the Board of Trade says its important to be able to provide this partnership’s stimulus aimed at minimizing costs to businesses.

“This agreement with VersaPay includes real advantages for members of the Board of Trade. They will notably be able to minimize fluctuating costs related to credit and debit card transactions, which is a definite benefit, especially in the present economic context,” -Michel Leblanc, President and CEO of the Board of Trade of Metropolitan Montreal

Big or small, local or national, VersaPay’s advanced lineup of continually evolving products and services has everything for businesses ranging from the home-based entrepreneur, all the way to the large enterprise and everyone in between.

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About VersaPay

VersaPay is a 100% Canadian and independently-owned payment processor, handling all elements of both credit and debit card merchant and online payment processing. A host of merchant account services, the highest-quality point of sale terminals, and proprietary financial technology solutions such as VersaEFT and the VersaCard, are offered to businesses of any size or industry. VersaPay makes “one stop” merchant payment services a reality for its clients, with an increase to VersaPay’s clients’ bottom line guaranteed.

To learn more about VersaPay’s selection of credit, debit, enterprise and online solutions, visit http://www.versapay.com.

For more information contact Michael Gokturk, Chief Executive Officer of VersaPay Corporation
T: (604) 909-9850 | F: (604) 678-3538