Article Trunk



AMP Offers New Options for Merchants

06.06.2009 · Posted in Other Finance

Mace Horowitz, vice president of operations for Alternative Merchant Processing (AMP), likes to keep things simple and straightforward. rn”We provide direct merchant accounts, both domestically and internationally, for hard to place, unconventional or high volume merchants.” rnrnThat may sound like a very serious gig, but for Horowitz the company’s actual function is even more basic. “We are a service provider; a true service provider.” rnrnEstablished circa 2001, AMP is a wholly-owned subsidiary of Boca Raton-based Charge Card Systems, offering merchant services to other high risk industries, such as travel, loan modification and health benefit companies, but retaining a definite soft spot for the businesses and people in adult. rnrn”It’s a great space,” Horowitz said. “The people in it are far different from any other, more like real people than the stuffy suits in other industries that you have to set up a specific time and day just to go hang out with.” rnrnHanging out is especially enjoyable when in the service of products and services that also are in great demand. rnrn”We offer a direct MID (merchant identification number; a unique number that identifies merchants for reference and billing purposes), no aggregation, no third-party, no ewallet. We give merchants their own MID, with their own descriptor and customer service phone number, which nobody else shares and nobody else is in.” rnrnStill, the bottom line remains providing hands-on service. “We will supply a prospect or merchant with whatever solution they want and can qualify for,” Horowitz said. “If someone comes to me, and, for whatever reason, wants an account internationally, or specifically, a non U.S.-based account, if I can support that based on what the merchant’s needs are, I will.” rnrnHe added quickly, “We are not here to reinvent the wheel or force anybody to do anything they don’t want to do, or give them something they’re not already looking for, but as a service provider, we also are not going to convince somebody that they don’t want something if they tell me they want it. I’ll give them an education, and then I’ll ask them the question again, but if their answer is the same, ‘Yes, I want to be offshore,” then, by all means, that’s what I will get them.” rnrnThat said, Horowitz does not recommend moving funds offshore. Indeed, he warns those who do that they run the very real risk of not being able to get their funds back. rnrn”It happens,” he said. “Keep in mind; I’m talking about more than just adult companies. We would get phone calls all the time. ‘My money hasn’t been released; they’re not taking my calls.'” rnrnWhile Horowitz readily admits that some companies have legitimate reasons for wanting to move funds and processing offshore, his advice

Leave a Reply

You must be logged in to post a comment.