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The sneaky part? It’s not a call from your current merchant services company, and the company has no idea about your current rates and fees. The Merchant Services Sales Call There are different versions of the sales call stating that your merchant account rates have increased. The caller attempts to get you to contact the …
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Overview of Meevo Salon Software Meevo Salon and Spa software, also called Meevo by Millennium or just Meevo, is salon software is designed to make managing a salon or spa as easy as possible. To do so, it features standard appointment booking, inventory management, and reporting, and combines this with client loyalty features, smart incentives, …
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Left unchecked, these can be very expensive for retailers and merchants, with billions lost to card fraud every year. The minFraud service from MAXMIND aims to reduce or eliminate these risks and costs. It uses data points from over a billion transactions to create a risk score for any cards you’re processing. It can then …
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Let’s take a closer look at invoice financing and what’s involved. How does invoice financing work? Essentially, you’ll partner with a lender who will front you the money for an outstanding invoice and collect a fee. Depending on your arrangement with your lender, you may receive all of the money for an outstanding invoice balance …
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What is a BIN? A Bank Identification Number (or BIN) is the first 6 digits of a credit card number. BINs identify the bank that issued the card and help ensure that transactions are routed correctly. Though you might not give them much thought, BINs are an important part of the transaction process. Mastercard offers …
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The executives, who worked for Commerce Payment Systems, are accused of perpetuating a scam against thousands of small businesses and obtaining more than $30 million through overcharging and deceptive tactics. In this article, I will lay out the allegations and show you how to avoid potential scam practices when choosing a credit card processor for …
Avoiding Fraud: Takeaways from the Commerce Payment Systems Scandal Read More »
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PIN debit and signature debit transactions have different fee structures. You may pay more for one or the other, depending on the amount of the transaction and other factors. It’s important to know when a customer will be prompted for a PIN. EMV Debit vs. PIN Debit First, let’s clear up some confusion about EMV …
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That’s because while recreational marijuana is now available for sale through dispensaries in multiple states, it’s not legal on the federal level. In fact, the federal government lists it as a Schedule I drug, considered as dangerous as heroin. In 2016, Alaska, California, Maine, Massachusetts, and Nevada voted to legalize recreational marijuana. While medical marijuana …
Credit Card Processing Restrictions on Marijuana Businesses Read More »
