Why am I high risk? In today fast society, almost everything is done online. And with the world of ecommerce growing at an exponential rate, you would think that because of the popularity of online merchant accounts, the ability to obtain one should be relatively easy and simple. Unfortunately, that is not the case. An [...]
Chargebacks – How to Protect Your Business
Chargebacks… one of the most dreaded terms of the merchant processing industry. Properly defined, it’s the dispute initiated by either a cardholder or a financial institution against a transaction that was processed at your store. Either the customer was unsatisfied with the product or they didn’t receive the goods or the worst, a fraudster has [...]
Merchant Account Scams & Fraud – Can It Happen to You?
In the day to day activity of running a business, there are already so many things to have to worry about… perhaps the least of which that crosses your mind is credit and debit card fraud. But the reality is, fraud is real and has grown exponentially over the last 5 years as fraudsters amp [...]
Where is the CVV # on Credit Cards?
I have had a few merchants recently not understand what the CVV # is on credit cards and how they can use it to protect themselves from potential fraud and/or chargebacks. In the image (the left) shows you where to find the CVV number on credit cards. It is a three or four digit security [...]
What’s the Deal with: “Merchant Accounts & Personal Guarantees”?
This question comes up often from many merchants “Why do I have to sign a personal guarantee?” and it’s a valid good question. In this blog post I will try to shed some light on this merchant account subject matter. Basically all merchant account providers will require that a personal guarantee be signed by the [...]
15 Ways to Prevent Chargebacks
Merchant Account providers DO NOT like chargebacks, getting a lot of chargebacks can cause you to have your merchant account terminated or even worse end up on the TMF List. Some chargeback situations can’t be helped, but many can if you understand how to protect your self. Here are 15 ways to help prevent chargebacks. [...]
