Scam – Transaction Limit

MerchantProcessingNMScams Against MerchantsLeave a Comment

One of our new clients told us this story about his experience with Bob from Brand X. He is a landscaper and needs to run one or two transactions per month, albeit they are large transactions. He was sold a wireless machine for a whopping $69 per month on a four-year lease. Then he had statement fees and minimum charges every month on top of his credit card fees. But here is the real kicker. The processor would only approve transactions under $300 and most of his transactions were way over that. So he was paying about $140 per month for nothing. Bob, why do you scam someone into signing up when you know all along your merchant cannot benefit from your service?