Electronic Money Company

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Merchant Services Scams

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

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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

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Beware of This Credit Card Chargeback Scam Used Against Merchants!

Beware of This Credit Card Chargeback Scam Used Against Merchants!

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

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Does Your Merchant Services Raise Your Rates & Fees Every 6 Months?

Click here to watch the video Have you noticed that over time the Merchant Services Credit Card Processing Rates that you started with start creeping up or even jumping up and that’s because they are they really are. Hi, I’m Gingergaye, President of Electronic Money Company and I want to explain what’s going on. So there are thousands of different rates for different types of

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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

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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

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Food Delivery Fraud

Food Delivery Fraud

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

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Payment Processor Scam #2 Against Merchants

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,

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True Story of a Merchant Scam

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.

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