In Uncertain Economic Times Boston-Based Company Sees Record Growth

BOSTON--(BUSINESS WIRE)--Merchant Warehouse, a Boston based provider of merchant accounts and credit card processing solutions, secured a record number of applications during the month of October. With the economy in a downward trend last month, Merchant Warehouse was able to sign 2,283 new merchant accounts, an extremely rare feat for Independent Sales Organizations (ISO) in the credit card processing industry. This accomplishment led Merchant Warehouse to its most successful month of its 10-year history.

“We typically set huge October goals, but this year was particularly nerve-wracking because of the daily news broadcasts of the worsening economy,” said Henry Helgeson, President and Co-CEO of Merchant Warehouse. “Then the month started and it was evident to me, once again, why I feel our employees are simply the best in the business. Every person here did that little something extra and in the last week alone, our team somehow managed to get 700 deals approved. It was an amazing achievement and I couldn't be prouder of this organization.”

According to the National Federation of Independent Business Index of Small Business, the economic downfall this October truly worried many small business owners, with optimism falling 5.4 points to 87.5, the third lowest reading in the 35-year history of the survey. Despite that background of pessimism, Merchant Warehouse faced its challenge head-on with aggressive marketing, a focused sales team, dynamite customer service, and strong team interaction throughout the organization. By keeping to solid core business principles, the company kept the tradition of record-breaking Octobers with a 20 percent increase in applicants over October 2007, putting Merchant Warehouse among the few ISO’s who have ever signed more than 2,000 accounts in a given month.

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.