Tag: Advocharge

TechStars Co-Founder & CEO David Cohen

David Cohen, the co-founder and CEO of Techstars, the largest accelerator program in the world has recently invested $150,000 in Advocharge. Advocharge establishes credit card processing rates at a substantial discount from the rates typically found from similar companies.

Advocharge’s CEO Mark Tracy said that they are able to allow substantially lower rates because they are compensated 10% from the savings a client company receives from the difference in rates.

“A number of the TechStars businesses are currently working with AdvoCharge and have realized significant savings – as much 80-90 percent over the fees they had been paying to their previouscredit card processor. On top of the savings, our TechStars companies are really happy with the service and support they receive,” said Cohen.

One TechStars graduate, Orbotix, the makers of the Sphero Ball, utilize the services of AdvoCharge.  Their VP of Operations, Jim Booth said:

“Rate is not everything with merchant services, but the support we get from AdvoCharge has been tremendous. When you couple that with the very low rate they established for us, we couldn’t be happier.”