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Chargebacks are something all businesses try to avoid at all costs. If your business has too many chargebacks (as little as 1% of the total amount of your sales) and your merchant account might be terminated. That would mean you no longer could accept credit cards and that would hinder any business. What is a …
It seems that a settlement has been reached against Paypal for some really horrible business practices. I have been telling people for years that dealing with PayPal could have dire consequences especially for small business owners. Many PayPal users may have received an email with the following message: NOTICE OF CLASS-ACTION SETTLEMENT. THIS NOTICE MAY …
Apparently many businesses have been slow to adapt to the latest security standards known as EMV which utilizes the chip in the latest credit cards to thwart fraud. I already posted at length about EMV technology and how it operates with regard to a credit card machine. More importantly the discussion of the liability shift …
Law Firms usually need specialized merchant accounts. This may be do to the fact that they have money in escrow or they need to send out a bill. Make sure to find a good Law Firm Merchant processor that can handle your Law Firm Merchant Service needs. The right point of sale (POS) technology, can help your …
One of the latest discussions many merchants have been having is the new implementation of the EMV technology for credit card processing. One of the biggest issues that are arising for merchants, is how slow the chip readers can be. This will be detrimental to sales when the holiday season comes around. Imagine long lines …
This is just in the news today! A small business owner was being taken advantage by First Data processing. The story explains that Rohan Shetty owns a small hot dog stand in Sussex County, NJ.As a small business owner she can’t afford to be paying lots of money in merchant service fees.She figures out that …
Surprise! Wells Fargo found out that after an internal probe, some of it’s account executives were ripping off customers and charging some very high fees as per the WSJ. Unfortunately this practice is all too common among processors. I have seen companies that sent in statements where for some credit cards they were being charge …
Wells Fargo found that they were ripping off customers? Read More »
Yet another processor is in the line of fire of a class action lawsuit. Both EVO Merchant Services and EVO Payments International are the subjects of this newly filed suit by Atlanta-based law firm Webb, Klase & Lemond, LLC. The suite alleges that EVO maintains a policy of overbilling merchants. This is why it’s important …
Class Action Law Suites Filed Against EVO Payments. Read More »
Well it seems some interesting information has been put out by a former employee about exactly what Heartland Payment Systems (bought out by Global Payments) was doing, some of which may not have been public knowledge. I will paste it here in case the link is taken down: Heartland Payment Systems Customers have filed a …
Heartland Payment Systems Lawsuit -Dirty Secret? Read More »
