Gingergaye here with Electronic Money Company Merchant Services to talk to you about telemarketing cold calls who are trying to scare and scam you into switching your services. Here are some of the frightening tactics they use. They always try to instill fear of loss if you don’t switch over to them immediately. They start out by stating, “This is your merchant services calling!” Is
Click here to watch the video Telemarketers try to scam merchants into switching their credit card processing by pretending to be their current merchant services provider. They use common words like, “This is your merchant services calling,” instead of mentioning the processor’s name. They tell whoppers on the phone to scare merchants into thinking they are paying too much. Another scare tactic is to frighten
Click here to watch the video Hi,Gingergaye here. I have been in the credit card processing business for over 20 years. On my website I have a report called , 5 Mistakes to Avoid When Choosing a Credit Card Processor. ElectronicMoneyCompany.com In this video I am going to talk about one of those mistakes which is Not Understanding the Pricing Structure! First I want to
Click here to watch the video Don’t get scammed by a merchant services salesperson like the guy in this story here exposed. Download the book, “Secrets of Credit Card Processing Fees Revealed” at electronicmoneycompany.com/about-us Hi it’s Gingergaye from Electronic Money Company. In the credit card processing business it’s common, or should I say most probable, that every merchant will run into a salesman who blows
In previous blogs, we talked about Scam #1, the Fraud of Lack of Disclosure, and Scam #2, the Scam of Raising Rates. The third scam against merchants is the lack of service, which I call 1-800-IGNORE- ME. The credit card processing salesperson mostly focuses on rates and supposedly how much they will save you. But a hidden fee is the lack of service and support.
In a previous blog, we talked about Scam #1, the Fraud of Lack of Disclosure. Some merchant processing salespeople leave out significant rates and fees in their quotes. If you haven’t read that blog, click here. A second scam that processors commit against merchants is the scam of raising rates. Their salespeople don’t mention this to their prospects. Embedded in the 30 page, small print,
It used to be cheaper to take pin debit cards via the debit networks instead of through the credit card interchange networks. That means that you would take the card and the customer would enter his pin number. The debit networks are Pulse, Maestro, Interline, Jeanie, NYCE, Star and others. But since the Dodd Frank Act, it is cheaper to take debit cards just
Telemarketing is prevalent in this industry. The telemarketer has a script that reads something like this: ‘This is your credit card processor calling and we have to make an update to your credit card terminal.’ Or they say: ‘This is your credit card processor calling to inform you that your terminal is out of date and it needs to be replaced.’ Or they identify themselves
It is amazing to us at Electronic Money Company, how many merchant service providers think up new fees and sneak them in under the radar in small print on a merchant statement! Many merchants don’t even look at their merchant statements because they don’t take the time to read the details every month, or because they have bookkeepers whose job is not management of money,
‘No Hidden Fees’ Merchant Scam These days, everything we hear from politicians and advertisers has a SPIN. ‘No Hidden Fees’ sounds great, doesn’t it, especially when it is in bold type in a big font on a credit card processor’s marketing. Here is how this SPIN and the ‘No Hidden Fees’ Merchant Scam goes down. Many processors pronounce to their prospects and put in writing
Only pay fees on debit card processing.
$0.00 transaction fee on credit card processing