Credit Card Processing

Misconceptions in Credit Card Processing

In this article, we’ll clear up these credit card processing misconceptions to help you avoid common pitfalls and misleading sales spin. Flat Rate Pricing is the Cheapest Interchange Plus Pricing Protects You from Being Ripped Off You’ll Get the Best Pricing by Cutting Out “Middlemen” You Can’t Get Lower Pricing Unless You’re a Big Business…

TwitterFacebookLinkedIn

There are several common misconceptions in credit card processing and sales reps can use those to trick you into overpaying.

Read the full article

Credit Card Processing

3 Ways to Tell if You’re Paying Too Much for Credit Card Processing

You Have Non-Qualified Rates You’re Using Square or PayPal You Chose a Processor from a Top Ten Processors Type of List I think I’m overpaying. How do I pay less for credit card processing? You have Non-Qualified Rates Check your statements. Do you see the word “non-qualified” or any variation? (NQUAL, nonqual, etc.) If so,…

TwitterFacebookLinkedIn

Credit card processing is a confusing and frustrating part of business. Have you ever looked at your billing statement and thought you’re paying too much for credit card processing but couldn’t be sure? Or maybe a pushy sales person stops by and promises to save you tons of money, and you’re wondering if you’re really overpaying. Here are 3 quick ways to determine if you’re paying too much and how to lower your costs to take credit cards.

Read the full article

Credit Card Processing, Scams and Fraud

Credit Card Processor Scams

Take a look at what this business owner was told about hidden fees, cancellation fees, equipment, and more to learn what to watch out for so you can avoid making decisions based on sales rep scare tactics and keep yourself from falling for processing scams. Matching Quotes Equipment Leases Adjusting Rates Liquidated Damages Equipment Scare Tactics…

TwitterFacebookLinkedIn

Recently, we received a comment here on our blog that perfectly illustrated some of the deception, half-truths, and spin that many credit card processing sales reps use to pressure and mislead businesses. Disreputable processors range from deceptive to outright scam, and it’s important to know what you’re getting into when you’re choosing a credit card processing company.

Read the full article

Credit Card Processing, Legal, Scams and Fraud

Northern Leasing Systems Lawsuit, Scam & Review

If you’ve already fallen victim to Northern Leasing’s scam – there may be options. The Reality of Leasing Scams, Fraud, and Forgeries 2004 Class Action Lawsuit 2013 Lawsuit 2015 Lawsuit 2016 Lawsuit (New York) 2017 Update Protect Yourself & Your business Who to Contact for Assistance The Reality of Leasing Before I get into the…

TwitterFacebookLinkedIn

Northern Leasing Systems is garbage. It defies logic that a company with a reputation as horrendous as Northern Leasing is still in business. It shouldn’t be. The company’s culture is defined by a well-documented history of rampant scams, fraud, lawsuits, and even being sued in federal court for racketeering.

Here’s a piece of advice if you’re thinking of leasing a credit card machine from Northern Leasing – don’t.

Read the full article

Credit Card Processing, Scams and Fraud

The Truth Behind “We’ll Give You $500 if We Can’t Beat Your Rates” Offers

Okay, the offer doesn’t usually include a unicorn, but it might as well for all the good it does you if you’re trying to secure competitive pricing. Credit card processors that offer cash if they can’t “beat” or match your current processing rates will use a variety of tactics to get your business, and manipulate…

TwitterFacebookLinkedIn

If you accept credit cards at your business and have spent any time researching processors, you’ve probably come across sales gimmicks offering cash if the processor can’t beat your current rates. You know the one: “If we can’t lower your rates, we’ll give you $500 and a free unicorn!”

Read the full article

Credit Card Processing

Credit Card Processing Comparison Charts

Charts are easily manipulated, leaving you to try comparing apples and oranges. Even if the creator of the chart doesn’t intend to mislead, a lack of complete information can be just as detrimental to finding the right solution. When you’re looking for the best credit card processor, the key is to find the right one…

TwitterFacebookLinkedIn

I’m often asked why this site doesn’t have a lengthy merchant account comparison chart. The answer is simple – these intricate comparison charts are useless.

Read the full article

Credit Card Processing

Interchange Plus Pricing IS NOT a Silver Bullet

Interchange plus pricing does not guarantee competitive credit card processing fees. It’s just as easy for a processor to overcharge a business using interchange plus pricing as it is with other pricing models, such as tiered.

TwitterFacebookLinkedIn

As more information becomes available about credit card processing and more people with superficial knowledge write about the topic, interchange plus is often touted as the be-all end-all to opaque billing and high credit card processing charges. This is a dangerously expensive misconception.

Read the full article

Credit Card Processing

SBA & Marco Carbajo Negligence Misleads Small Businesses

Despite repeated requests to correct its content, the SBA has chosen to mislead small businesses. On September 10, 2013 the SBA posted an article titled The Best Credit Card Processing For Small Business Owners, written by guest blogger and affiliate marketer Marco Carbajo. In the article, Marco Carbajo makes numerous false statements in an attempt…

TwitterFacebookLinkedIn

A dangerously erroneous article recently posted by the Small Business Administration is misleading small businesses, and the SBA has carelessly ignored repeated calls to have the article removed or corrected.

Read the full article