Problem – Solution for High Processing Rates on Business, Corporate, and Purchasing Cards!

Ginger HollowellCredit Card Processing/ Merchant ServicesLeave a Comment

Solution for High Processing Rates on Business, Corporate, and Purchasing Cards

Problem: How do I stop paying such high rates for corporate and business cards? Solution: Stop paying 3% to 4% or HIGHER for Level 2, 3 & 4 corporate, business and purchasing cards! Save 1% or MORE to your bottom line! Here is how! Purchasing Cards (“P” Cards), corporate cards and Business cards are company credit cards which government entities, plus large and medium sized … Read More

Which processor has the best rate?

Ginger HollowellCredit Card Processing/ Merchant ServicesLeave a Comment

Which processor has the best rate
Which processor has the best rate? People always ask me,  “What is my rate?”  It is such a silly question.  The wholesale, interchange rates vary greatly from the low end of a regulated debit card to the high end of a corporate card.  The processor has to analyze what percentage of what kinds of cards the merchant is likely to receive for payment in order ... Read More

Chargeback Prevention Advice!

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FRAUDULANT Credit Card Transaction SCAM

About Chargebacks I know that as a merchant, when the money keeps coming into your bank account from credit card transactions, you think that credit card payments are just like cash payments.  If it looks like a duck and quacks like a duck, you think it is a duck.  But NO.  Credit card payments are not just like cash! Taking credit cards for payment is … Read More

Is Customer Service an Important Factor in Comparing Processors?

Ginger HollowellCredit Card Processing/ Merchant ServicesLeave a Comment

Customer Service an Important Factor in Comparing Processors

Is Customer Service an Important Factor in Comparing Processors? Every merchant services salesperson out there tells their prospects that they have excellent customer service. They might try to sell short wait times on the phone or the fact that their customer service is 24/7/365, but always they are selling that theirs is the best. So customer service does not at first seem like a differentiator … Read More

The Changing Landscape of Payment Processing!

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The Changing Landscape of Payment Processing
It is advantageous for merchants to understand how consumers prefer to pay to products and services.  Here is a chart from the Federal Reserve Payment Study done in 2016.  Following is an analysis of payment processing and shopping trends. Debit cards are mostly used for small ticket purchases like fast food, gas and groceries.  In fact, one third of all debit transactions have an average ... Read More

Payment Processing Moves From Terminals Into Tablets!

Ginger HollowellCredit Card Processing/ Merchant Services, Secrets of SuccessLeave a Comment

Payment Processing Moves From Terminals Into Tablets

Payment Processing Moves From Terminals Into Tablets! As technology changes the world around us, so it changes how we process credit card transactions. When we first got in this business 20 years ago, the big news was pin debit. Then e-commerce gateways were introduced followed by mobile payment processing. Terminals were always in big demand until recently, when card processing got moved inside an app … Read More

Discussion of the Purpose Behind the Questions on the PCI Compliance Survey

Ginger HollowellCredit Card Processing/ Merchant Services, Scams of Credit Card Processing SalesmanLeave a Comment

Is There a Value to Being PCI Compliant OR Is it Just Another Way for the Card Processing Companies to Make Extra Money?

Discussion of the Purpose Behind the Questions on the PCI Compliance Survey The PCI survey questions include queries about whether the business has written procedures in place for employees regarding the protection of credit card numbers. For example, an easy question to answer might be whether the company writes down or stores their customer’s credit card numbers. That answer should be a resounding NO. If … Read More

Is There a Value to Being PCI Compliant OR Is it Just Another Way for Card Processing Companies to Make Extra Money?

Ginger HollowellCredit Card Processing/ Merchant Services, Scams of Credit Card Processing SalesmanLeave a Comment

Is There a Value to Being PCI Compliant OR Is it Just Another Way for the Card Processing Companies to Make Extra Money?

Is There a Value to Being PCI Compliant OR Is it Just Another Way for Card Processing Companies to Make Extra Money? I recently met a woman, named Merissa, from Big Byte, a company that does data storage, IT for large businesses and disaster recovery. Merissa and I talked a lot of about PCI. Yes, they know companies who have been hacked. She told me … Read More

Here is how we work at Electronic Money Company

Ginger HollowellBob from Brand X Nightmares, Credit Card Processing/ Merchant ServicesLeave a Comment

Here is how we work at EMC

Here is how we, at Electronic Money Company, work differently from ALL the other credit card processors out there. Here is how we ease the confusion and pain of merchant services from the beginning through the life of your business. We are honest up front when we do a comparison analysis of your merchant statement. We do not leave any information out of the comparison, … Read More

Square vs Your Own Merchant Account

elecmoneyCredit Card Processing/ Merchant ServicesLeave a Comment

Square vs Your Own Merchant Account

How Do I Decide if I Should Choose Square or Get My Own Merchant Account from a Merchant Services Provider? Price Consideration: Square is set up for the small volume merchant.  Square does not have a monthly fee or transaction fee; only a rate of 2.75%.  Let’s compare this pricing to a typical merchant processor charging $10 per month plus 1.89% + $.20 per transaction.  … Read More