0

CASH DISCOUNT PROGRAM – A REAL SAVINGS SOLUTION

Are you looking for a way to still accept credit cards, but not having to deal with the large monthly expense? Now you can thru a legally vetted cash discount program. Unlike surcharging, cash [...]

0

Why Restaurants Are The New Target For Fraudsters

In the aftermath of the EMV liability shift, the major trend in payment security has been the migration of fraud from card-present situations to the online world. EMV technology has been very [...]

0

What Makes a Business Or Merchant “HIGH RISK”?

High risk has to do more with the charge back exposure since the acquiring/sponsoring bank is responsible for all charge backs if a business were to cease business and close for any reason. A [...]

0

Dirty Little Secret Of Equipment Leasing – Part Two $10,000 for a credit card terminal!

I have written about the many different ways the banks or Processing Companies can rip your business off taking hard earned money out of your pocket.  One of the worse in my opinion is [...]

0

How Secure Is The Card Reader Attached To Your Smart Phone?

There are many choices to process credit cards using a smart phone. The cost of the card reader varies. The question is how secure is the system. A popular one now is “Square”. Read [...]

0

Peter’s Story – A Lesson For All

“Hi: I own Nails by Peter. I would like to relay a most unfortunate situation. Now looking back I made a costly time & money error regarding my merchant account. In February 2009, I [...]

0

New IRS Reporting Requirement For Merchant Accounts

Starting this year, 2011, all processors will be required to report all payments made from a merchant settlement account. This new requirement is outlined in section 6050W of the internal revenue [...]

0

Can I Help A Friend And Let Them Use My Merchant Account?

I would like to make you aware of the following scenario – it may or may not have happened to you. A friend has asked you to run a credit card transaction through your account as a favor as they [...]

0

New Mandatory Pin-Based Debit Transaction Rules

As of July 1, 2010, Visa and MasterCard requires that merchants processing PIN-based debit transactions must meet the following requirements: PED is a Pin Entry Device. PEDs currently in use must [...]

0

What is the difference between a void and return?

From time to time a customer will ask this. This is a very good question. Also the next question might be when should I use them? While most terminals are different and the keys on the terminal [...]

page 1 of 3