4 Reasons Why You Should Never Lease a Credit Card Machine Would you ever pay over $3,500 for something that only retailed for less than $425? We wouldn’t either, but believe it or not, if you are currently leasing a credit card terminal or are thinking of leasing one, this is what you could be [...]
With the recent large-scale breaches affecting Target shoppers, it is no surprise to us that a new scam is now targeting business owners. Although this time, the scammers are going after the business’ merchant account instead of customer’s credit cards. This scam is widespread and business owners may be targeted regardless of their payment processing provider. [...]
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 [...]
