PASADENA, CA, November 10, 2008 /24-7PressRelease/ -- Billing company 2000Charge.com is reporting a significant increase in the usage of EUDEBIT services in the third quarter of 2008 by U.S. based merchants. The company attributes the increase to the economic woes that have gripped the U.S. in the last few quarters of 2008.
The slowing U.S. economy has merchants seeking additional revenue streams and by tapping into the European market, merchants can achieve a significant increase in sales. With a combined population of over 730 million people, the European market is more than twice the size of the United States market with 305 million people.
EUDEBIT is an important payment method and represents a significant share of the market in Europe. The payments are made in real-time and the funds are withdrawn directly from the consumers' bank account.
In addition, due to the tightening of the credit markets, bank account driven solutions such as EUDEBIT and DirectPay EU become more popular as they are not tied to credit restrictions on credit card accounts.
About 2000Charge, Inc.
2000Charge, Inc. (www.2000Charge.com), headquartered in the USA with offices in Europe and Asia, is a well-established payments processor that offers merchants a complete set of payment solutions tailored to local markets around the world. The
Company's focus remains alternative global Internet payments and providing merchants with affordable and easy-to-integrate solutions.
Contact: [email protected]
2000CHARGE -- The Leader in Alternative Billing Solutions
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