The Many Ways to Pass Processing Fees onto Consumers

Ginger HollowellCredit Card Processing/ Merchant ServicesLeave a Comment

The Many Ways to Pass Processing Fees onto Consumers

A merchant sued Visa and MasterCard for the unfairness of taking on the credit card processing fees. They won with some qualifications. They can’t pass fees back to consumers for debit cards, only credit cards. As a result, many processors have programs to automatically add a surcharge fee onto a credit card transaction. But the merchants are getting pushback from consumers. Here is a discussion … Read More

Server Crime Syndicate — A Cunning Culprit of Restaurant Fraud

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Employee theft in restaurants is a rampant issue. Would you believe that 75 percent of restaurant employees steal from their workplace at least once, if not repeatedly? In fact, according to the National Restaurant Association, internal employee theft is responsible for 75 percent of inventory shortages, and up to seven percent of restaurant sales. This is a true story that happened to friends of ours … Read More

What You Need to Know About QuickBooks Integration

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QuickBooks Integration

Can I Connect a New Credit Card Processor with QuickBooks? Can I Execute Payment Processing in QuickBooks with my Own Processor? The answer to both is YES! Many merchants think they have to use QuickBooks’ merchant services processing in order to integrate their credit card payments within QuickBooks. But that is not true. QuickBooks, developed and marketed by Intuit, opened up their software for API … Read More

Surcharging!

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Surcharging

Merchants have been complaining about credit card processing fees since the beginning of credit cards. The fees were initiated in the first place to replace the fees banks collected on loans.  Consumers who don’t have enough cash were in effect passing on their interest fees on loans to the merchants.  But merchants took on those fees because sales were lost if they didn’t.  Consumers can … Read More

Does Your Credit Card Processor Remind You of a Bad Date?

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Does Your Credit Card Processor Remind You of a Bad Date?

Did the Salesperson Promise You the World, But After the Fact You Are Treated Like 1-800-IGNORE-ME? Did you get the low rates you were promised? Did they stay low or creep up over time? What about service? Credit card processing tends to click along like clockwork until it doesn’t. Are you getting the support you need? Recently, the US experienced a crash of Verifone VX520 … Read More

Nightmare Merchant Problem!

Ginger HollowellCredit Card Processing/ Merchant Services, Scams Against MerchantsLeave a Comment

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

Credit Card Refund Scam Against Merchants

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Credit Card Refund Scam Against Merchants

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 … Read More

Problem – Solution for High Processing Rates on Business, Corporate, and Purchasing Cards!

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Solution for High Processing Rates on Business, Corporate, and Purchasing Cards

Problem: How do I stop paying such high rates for corporate and business cards? Solution: Stop paying 3% to 4% or HIGHER for Level 2, 3 & 4 corporate, business and purchasing cards! Save 1% or MORE to your bottom line! Here is how! Purchasing Cards (“P” Cards), corporate cards and Business cards are company credit cards which government entities, plus large and medium sized … Read More

Which processor has the best rate?

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Which processor has the best rate
Which processor has the best rate? People always ask me,  “What is my rate?”  It is such a silly question.  The wholesale, interchange rates vary greatly from the low end of a regulated debit card to the high end of a corporate card.  The processor has to analyze what percentage of what kinds of cards the merchant is likely to receive for payment in order ... Read More

Chargeback Prevention Advice!

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FRAUDULANT Credit Card Transaction SCAM

About Chargebacks I know that as a merchant, when the money keeps coming into your bank account from credit card transactions, you think that credit card payments are just like cash payments.  If it looks like a duck and quacks like a duck, you think it is a duck.  But NO.  Credit card payments are not just like cash! Taking credit cards for payment is … Read More