FRAUDULENT Credit Card Transaction SCAM

Ginger HollowellScams Against Merchants, Scams of Credit Card Processing SalesmanLeave a Comment

FRAUDULANT Credit Card Transaction SCAM

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 … Read More

Be Aware of This Credit Card Fraud Scam!

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Here is the scenario for this scam. It plays upon the merchant’s emotions: getting excited about a large sale and then the fear of losing that sale. The merchant starts salivating over the profits and over rides his or her caution. The fraudster starts the process of talking about a very large purchase. He asks the merchant if he can overpay with his credit card … Read More

New Scam to Steal Credit Card Info!

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Now that we have EMV chip cards to prevent fraud, the thieves have to come up with new ways to get our data. You may have heard about a skimmer, which pulled information off the mag stripe. Now the fraudsters have what is called a shimmer. And it is so thin that it becomes almost undetectable. A shimmer can be installed inside the chip reader … Read More

Biggest Merchant Services Secret Scam – The “After You Sign Up” Scam

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Electronic Money Company has refused this increase for our entire portfolio of clients!!! The way 99% of processors out there play the game is to sign people up on a low rate and then once or twice a year increase rates and fees slightly and hope their clients don’t notice and don’t switch over to someone else. Eventually, the merchant figures out their rates are … Read More

A chargeback scam every business owner should know about!

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The shift to EMV chip cards, designed to stop credit card fraud, happened in late 2015. To this day, consumers are still taking advantage of merchants who have not adopted this new technology, and winning chargebacks from unsuspecting merchants. “EMV chip technology has been rolling out to consumers and merchants in the United States. Visa chip cards protect in-store payments by generating a unique, one-time … Read More

Merchant Scam – Fraudulent Email, Posing as PCI Message

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Data security is a serious topic. PCI is a state-of-the-art security system created to help you keep data safe from fraud. The thieves, however, also have high-tech methods to confiscate confidential information. Here is a fraud email designed to capture your personal information. This is not a real email that would be sent by your processor or a PCI compliance provider. It is actually what … Read More