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 Credit Card Refund Scam Against Merchants! One of my clients called recently to ask some questions about refunding a customer. This particular customer paid a deposit on a custom engineering project and then decided to cancel the order. The merchant told this customer he would refund the card. However, the card holder argued that they didn’t have the card
In the restaurant industry, food delivery has grown even more popular during COVID. Food delivery is not just for pizza, but for all types of meals. Unfortunately, with any new adaptation of digital technology, like online food ordering with delivery, fraudsters are looking for ways to take advantage and find holes in the system to steal other people’s money. There are 3 ways that fraudsters
We recently signed up a new merchant account for a young man who just bought a business. This is his first experience owning a business. He understood he needed card processing. The previous owner was our client and had been for many years and now he was selling his business to this young man and recommending he get set up for card processing with us.
Here are a couple scenarios merchants should be aware of: Merchandise Return Scams Against Merchants There are criminals out there who have stolen goods from retails stores. They steal the clothes, leave the tags on and then go to the store to return the items. Make sure you ask for a copy of a receipt to avoid fraudulent returns. Otherwise, you may be returning cash
Credit Card Refund Scam Against Merchants! One of my clients called recently to ask some questions about refunding a customer. This particular customer paid a deposit on a custom engineering project and then decided to cancel the order. The merchant told this customer he would refund the card. However, the card holder argued that they didn’t have the card anymore and could the merchant write
Watch Out for This FRAUDULENT Credit Card Transaction SCAM! I just heard from one of my customers who got an email and text from someone who wanted to use their credit card for a HUGE SALE! I am changing the name of the merchant and proprietor, but wanted to let you all know about this SCAM! We have heard this same story several times over
Bob’s new quote sheet has a guarantee. Let’s take a look. “We will not increase the qualified discount rate for 48 months.” Response to Bob – BS. How many cards are charged a qualified discount rate? Answer: not very many. Most cards today are debit cards and rewards cards, and then there are corporate cards, keyed-in cards… the list keeps going. Most processors have six
Only pay fees on debit card processing.
$0.00 transaction fee on credit card processing
