Credit Card Processing Blog

Beware of Bait and Switch Rates!

noreply@blogger.com (AS) — Mon, 23 Jan 2012 05:50:00 PST

As mentioned previously, when looking for a competitive deal on a merchant account, beware! It's good to know that I'm not the only one warning people about the pitfalls of "teaser rates". Like...

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Merchant Service Providers: What Have They Done for You?

noreply@blogger.com (AS) — Wed, 11 Jan 2012 08:33:00 PST

Most credit card processors are good at one thing: deception. This is one of the main reasons I started this blog. I wanted to expose the myth of what businesses think they are getting as opposed to...

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News: Small businesses are getting ripped off

noreply@blogger.com (AS) — Wed, 14 Dec 2011 03:58:00 PST

Fox News has an article and video that discusses how small businesses are getting ripped off bycredit card processors: "I'm almost embarrassed I fell for their scam," said hair salon owner...

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Interchange Plus Pricing: Not Everything?

noreply@blogger.com (AS) — Mon, 14 Nov 2011 17:11:00 PST

Another great article by credit card processing veteran Phil Hinke: I am a strong advocate of interchange-plus pricing. To date, I have allowed only merchant account providers that offer...

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Debit Card Scam from Processors

noreply@blogger.com (AS) — Sun, 02 Oct 2011 15:27:00 PDT

(Via Bloomberg) The Federal Trade Commission said Friday that it is paying some $350,000 in refunds to 100 small U.S. merchants that were defrauded in a debit and credit card scheme. The scheme...

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More Deceptive Practices to Watch Out For

noreply@blogger.com (AS) — Thu, 15 Sep 2011 09:10:00 PDT

If you are not aware by now from reading this blog the credit card processing industry is one of the most deceptive. Most of the time "what you see" is not "what you get". In this...

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The problem with Intuit Go Payment brought to you by Verizon

noreply@blogger.com (AS) — Sun, 28 Aug 2011 16:27:00 PDT

Verizon is now going to be promoting Intuit's answer to Square mobile payment systems: GoPayment. The basics: The pocket-sized GoPayment reader plugs into the audio jack of any supported...

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Move over Square! Here come Jumio!

noreply@blogger.com (AS) — Thu, 28 Jul 2011 10:37:00 PDT

We have discussed Square and it's credit card processing via a smart phone from the makers of Twitter. Well they may be getting pushed out a bit by Jumio. Jumio from the Co-Founder of Facebook,...

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Square Credit Card Processing Raises $100 Million

noreply@blogger.com (AS) — Wed, 29 Jun 2011 07:31:00 PDT

The NYT is reporting that the mobile credit card processing company "Square" has raised a whopping $100 million in in a financing round led by Kleiner Perkins Caufield & Byers. As part of...

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Don't Get Fooled by Credit Card Processors!

noreply@blogger.com (AS) — Wed, 22 Jun 2011 09:04:00 PDT

A great article is written here on the 5 deceitful practices by merchant service providers. Tactic #1: The “Rate Game” There is no question that without looking at your actual...

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FTC Goes After $450M Online Scam

noreply@blogger.com (AS) — Thu, 19 May 2011 10:02:00 PDT

By Darren WaggonerThe Federal Trade Commission has brought a legal action against an online operation that allegedly scammed more than $450 million from consumers in five countries. Jesse Willms...

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Why Apple is Poised to Become the King of Payments

noreply@blogger.com (AS) — Thu, 12 May 2011 09:11:00 PDT

Via Micheal Koploy of Software AdviceBear with me as I imagine grocery shopping in 2013. You walk into Sam’s Club and grab a shopping basket. Your iPhone lights up with a new push...

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Square: Getting a Boost from Visa

noreply@blogger.com (AS) — Thu, 28 Apr 2011 10:40:00 PDT

The latest big news for Square is Visa coming on board as an investor. This no doubt gives the mobile credit card service a boost of credibility and warning shot to potential...

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Deceptive Credit Card Processing Tacticts

noreply@blogger.com (AS) — Thu, 07 Apr 2011 09:52:00 PDT

Phil Hinke a veteran of the merchant service industry, has a great article at Practical E-Commerce.He goes on to discuss many of the various pricing methods used in the credit card processing...

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The benefits of accepting credit cards.

noreply@blogger.com (AS) — Mon, 14 Mar 2011 09:52:00 PDT

The B2C has a great article that really outlines some of the many benefits of accepting credit cards for your business. Not all of them have to do with expanding your customer...

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Wondering Why PCI Compliance Is a Big Deal?

noreply@blogger.com (AS) — Fri, 04 Mar 2011 05:26:00 PST

Cyber criminals are targeting point-of-sale terminals. POS devices read the magnetic stripe on the back of a card that contains account information, which is then transmitted for payment...

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Using SEO to Grow Your Business: Black Hat SEO

noreply@blogger.com (AS) — Fri, 25 Feb 2011 05:56:00 PST

Recently big corporations have run afoul of Google's webmaster guidelines. Companies like JCPenny and Overstock.com have been caught using tactics to inflate their positions within Google's rankings....

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Problem with Square Credit Card Processing

noreply@blogger.com (AS) — Wed, 16 Feb 2011 13:06:00 PST

Square has been getting tremendous media coverage for the past few months. They now have a lot more competition but they are still getting the most press. The fact still remains that...

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Phishing Campaign Targets First Data

noreply@blogger.com (AS) — Fri, 28 Jan 2011 06:08:00 PST

(Via Softpedia) Researchers from email security vendor AppRiver warn about a phishing campaign that targets merchant accounts from a payment processing vendor called First Data. It the pool...

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Square and Intuit Face Off With Mobile Payments

noreply@blogger.com (AS) — Fri, 14 Jan 2011 12:53:00 PST

Square and Intuit are facing off with their very own versions of mobile credit card technology. As mentioned previously, Square is a great solution for a vendor processing small monthly amounts...

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Cutting Debit Card Fees

noreply@blogger.com (AS) — Wed, 29 Dec 2010 08:14:00 PST

Via CSPnet.com: Federal Reserve seeking comment on rules to cut debit-card fees up to 90% WASHINGTON -- The Federal Reserve, fulfilling a Congressional order to examine whether...

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The Problem With Paypal

noreply@blogger.com (AS) — Thu, 25 Nov 2010 19:19:00 PST

Many small businesses use PayPal because they are not familiar with a traditional merchant account. PayPal may be a cheaper option for someone that only processes $500 a month, since there are no...

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Square Mobile Credit Card Processing. How good is it?

noreply@blogger.com (AS) — Wed, 10 Nov 2010 08:57:00 PST

Square has certainly been making a big splash in the news. With promises of allowing just about anybody to accept credit cards simply by signing up and getting their little square plastic swiper to...

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Mobile Credit Card Processing: So Easy Even a Caveman Could Do It!

noreply@blogger.com (AS) — Wed, 03 Nov 2010 16:12:00 PDT

It amazes me that more people are not taking advantage of this fabulous new technology. There are applications that can turn your smart into a mobile credit card machine. This will allow many...

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What College Students Should Know About Credit Cards

noreply@blogger.com (AS) — Tue, 02 Nov 2010 07:22:00 PDT

I always hated the way credit card companies would prey upon college students. They would set up shop right on campus, offering free items if you signed up. You could get a nice credit limit...

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