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17 lut 2022 · Learn about the common types of merchant services scams, such as hidden fees, sales calls, fraudulent providers, identity theft, and backdoor scams. Find out how to avoid them and protect your business from losing money and sensitive information.
You might find that merchant services keeps calling, trying different tactics to get you to call them back, send statements, or switch processors. Don’t sign new contracts or send in paperwork without reading it carefully and confirming what it is with your current processor.
Beware of calls regarding your "credit card merchant fees" and "federal regulation changes". They say they are calling from “merchant services” or “the credit card processing company" and that they could save you a few percentage points on each credit card swipe your business takes.
Learn about the common types of merchant service scams and how to protect your business from fraudulent providers. Find out what to look for in a trusted merchant service provider and what to do if you've fallen victim to a scam.
It’s essential to pick a careful merchant services provider. What if you’re hit with fraud? Respond quickly by contacting the police and telling your customers the truth. We can also protect ourselves by stopping unwanted calls from merchant services.
Account service call scams are a type of phone scam in which fraudsters spoof your caller ID to display “account services” or “cardmember services.” If you answer, scammers pose as representatives from credit card companies, collection agencies, banks, or utility providers.
Learn about the common scams in the payment processing industry, such as hidden fees, proprietary POS software, and equipment leasing. Find out how to spot and avoid these scams and choose a reliable merchant account provider.
