EMV vs. Chargeback
Chargeback [chahrj-bak] noun: Ugly debits to the business bank account that come out of nowhere, and eat up profit that could be used to pad the coffers; buy more advertising, or better yet, more inventory; maybe pad the employee bonus fund for the upcoming holidays. If you’ve been in business longer than two years, and […]
Credit Card Fraud Liability Shifts to Merchants
In the coming months, most new credit and debit cards will come embedded with a microchip that helps prevent counterfeit fraud. Next year, some fraud liability will shift from issuers to merchants who haven’t upgraded their terminals. Why are EMV chip cards the best option for businesses today? Businesses that do upgrade their terminals are […]
Have You Looked At Your Credit Card Rates Lately?
Each year, as you sit down to review your books and see how this year matches up to the year before, add in a review of your credit card processing merchant account. Take the December statements for 2013 and 2012, and do an apples-to-apples comparison on your rates, miscellaneous fees, and total sales reported for […]