Click here to watch the video Learn how to decipher ALL the hidden fees on your merchant statement! This video breaks the statement down and explains each line item! Dues and Assessments. This is a pass-through fee from mastercard, visa, of course will have their own news and assessments, american express and discover are the same. and then there’s some other fees that are also … Read More
Chargeback Prevention – How Merchants Can Prevent Credit Card Chargebacks | Avoid Chargebacks
Click here to watch the video Hi there! I’m going to give you some tips on how to prevent chargebacks, because nobody likes to get taken. Everybody thinks a credit card is just like cash. You swipe the card, you take it over the phone, it goes to your bank, everything’s hunky-dory, until all of a sudden it isn’t and somebody is taking advantage of … Read More
Is a Signature Required for Credit Cards?
All four credit card brands, Visa, MasterCard, American Express and Discover dropped the requirement for card holder signatures on receipts in April of this year, 2020. The signature used to be considered a deterrent against fraud, but with the new EMV chip technology, fraud has been reduced 80% for merchants. EMV stands for Euro MasterCard Visa. The technology initiated in Europe. The United States was … Read More
Does PayPal Have Your Back on Chargebacks?
PayPal is an aggregator. They pile all of their merchants into one merchant account. When you choose to process with your bank or an independent merchant services provider, you get your own merchant account with a unique merchant identification number, i.e. MID#. This merchant account is in actuality a bank account. You are required to apply for the account. You will be asked to provide … Read More