On January 29, 2014, Mercury Payment Systems was sued for deceptively overcharging their merchants among other allegations. We believe this lawsuit is a step in the right direction to shed light on unethical businesses in the merchant services industry. In this article, we want to give you a few tips on how to spot deceptive [...]
The CHIPD team has put our heads together to come up with our top 5 credit card processing best practices your business should follow in 2014. We believe that following these 5 best practices will help save you and your business time, stress, and most importantly, money. 1. Be wary of credit card processing solicitors, [...]
Written by Cara Dolberg With the holidays quickly approaching, we want to give you important information on how to reduce fraudulent charges. As a business owner or manager, this information will help keep your money in your pocket and will reduce the headache of dealing with fraudulent charges down the road. A chargeback [...]
Choosing the right credit card processing company can be a confusing task. What questions do you ask? What will the costs really be? To make it easier for you, we have compiled a list of questions that you should ask any prospective credit card processing provider and even your current provider. Have your sales representative sign [...]
Earlier this month, Adobe’s system was hacked and sensitive card holder and customer information was compromised that could impact as many as three million people worldwide. A data breach of any level can happen to any size business at any time. The cost of a breach for a small business could mean the end of [...]
Growing your business through referrals and word-of-mouth can be easier and more profitable than you think. You just need to know how to ask for those valuable referrals. FACT: People would rather do business with people they know or are familiar with. Few things are more reassuring to a potential client than receiving a positive [...]
The most popular selling single item for businesses – over 80 percent of the top 100 retailers in the United States – is their gift card. And, about 10-15 percent of all gift cards are never even redeemed; leaving you with more cash in your pocket! Do you have a gift card program in place? [...]
As a business owner, do you know how long you should keep your credit card transaction receipts? If you get rid of them too early, you could expose your business to unnecessary liability. The most important reason for keeping your credit card transaction receipts is to avoid and fight chargebacks. A chargeback occurs when a [...]
Wondering how something as simple as a working capital loan can help make your business boom? Take a minute to read this client's story and how we were able to help them grow and improve their business by acquiring additional working capital (we have left out the business' information for privacy). The best part about [...]
It has been brought to our attention that some of you may have received calls from an out-of-state credit card processing provider claiming that your processing equipment is out-of-date and that you must upgrade your equipment now. It is part of a "Free Terminal Scam" that has been targeting business owners. The company does not immediately disclose who [...]
