Click here to watch the video These 5 short videos are blended together to offer the best of advice for merchants looking for a new merchant services processor: How To Choose A Credit Card Processor at 00:14 – Full video: https://youtu.be/GwtfgTu3NDU Options for Credit Card Processing – Tip Line at 01:15 – Full video: https://youtu.be/T_nKY9QDSwQ How To Prevent Credit Card Chargebacks at 02:08 – Full … Read More
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!
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!
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
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 … Read More
Payment Processor Scam #3 Against Merchants – Lack of Service and Lousy Support
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. … Read More
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, … Read More
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. … Read More
The Famous “Restaurant Server Theft“ Soda Pop Game!
The famous Soda Pop Game is played with a POS system, by splitting tickets. Only instead of splitting the cost between two people at a table, the drinks are split off to an open ticket. This server theft works when patrons are paying with cash. Let’s say Table #1 orders two meals and two sodas. Before the server presents the ticket, he casually asks whether … Read More
Credit Card Scams Consumers Try Against Merchants
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 … Read More