Why many payment processors are coming up these days?

Is the competition between payment processors too high? What is the reason for too many payment processors coming up these days? I tend to think that the area of payment processing cannot be saturated at all.

 

Possibly due to the fast growth of ecommerce. Every online business requires an online payment system so it has become quite a lucrative industry. However any business that deals with cardholder data requires a fully secure and compliant server which is no small cost...

 

I would agree with Paypoint on the fact that e-commerce has really taken off. A lot of people see the sucess stories of making it big and think that they too do this with minimal effort. Depending on what they decide to sell some traditional merchant service providers will deem them high risk, which is where the 3rd party market comes from along with a lot of the competetion you are speaking about. Paypoint is also correct on the security side as a lot of the "New Kids on the Block" in the industry may not have the knowledge or security to properly manage these accounts. This is a highly overlooked area by merchants that they really must pay attention too because your customers could be affected, which will affect your bottom line. That is my take on it from being in the business of high risk merchant services.

 

Because of Commerce are vast growing now a days so for payment processor demand also growing day after day, also it;s profitable business with less investment as payment processor company