Electronic Money Company

Credit Card Processing Salespeople Scams to Watch Out For!

Telemarketing Cold Calls

How to Avoid Getting Scammed by a Merchant Services Telemarketer

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

Read More »
Beware Of This Merchant Telemarketing Scam featured image

Beware Of This Merchant Telemarketing Scam!

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

Read More »
Story of a Merchant Services Salesperson Scam!

Story of a Merchant Services Salesperson Scam!

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

Read More »
Exposing the Scam of a Merchant Services Salesperson!

Exposing the Scam of a Merchant Services Salesperson!

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

Read More »

Should Merchants Accept Pin Debit Cards?

  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

Read More »
Scam Against Merchants from Other Credit Card Processors!

Scam Against Merchants from Other Credit Card Processors!

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

Read More »

Payment Processing Sneaky Rate Increase Scam!

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,

Read More »
No Hidden Fees Trap

‘No Hidden Fees’ Trap

‘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

Read More »
Nightmare Merchant Problem

Nightmare Merchant Problem!

Let me tell a true nightmare story which happened recently to one of our merchants.  I will tell you how we fought like the 3rd monkey trying to get on Noah’s Arc in order to find the solution and fix the nightmare problem.  Then you will have a better understanding of how Electronic Money Company is uniquely different from all the other credit card processing

Read More »
Gobbledygook Fake News

Merchant Services Salespeople Peddling Gobbledygook Fake News!

In the credit card processing business, it is common, or should I say most probable, that every merchant will run into a salesman who blows smoke, and sells a bill of goods that is FAKE NEWS!  In fact, most likely, every merchant in the country has one time or another gotten taken, scammed, or hoodwinked with “I am going to save you money on your

Read More »
0