Signature Debit vs. PIN Debit: Which is cheaper?

posted in: Rates | 0

Debit cards aren’t going anywhere. Mobile payments, virtual currencies, and real-time transactions may be at the cutting edge of payment technology, but they still can’t hold a candle to the popularity of the classic debit card. According to a 2013 Federal … Continued

How to prevent chargebacks

posted in: Chargebacks | 0

What is a chargeback? A chargeback is a customer-initiated reversal of a credit card payment—or, in other words, a forced refund. When any cardholder sees a charge on his or her statement that does not appear to be a legitimate transaction, … Continued

How to spot and report slamming scams

posted in: Scams | 3

What is a merchant account slamming scam? The term “slamming” refers to a deceptive sales practice intended to switch a customer’s service provider without his or her knowledge or consent. This ripoff tactic first popped up in the telecommunications industry … Continued

What is Level 1, Level 2, and Level 3 interchange?

posted in: Rates | 2

Interchange rates can be complicated. In an industry as competitive as merchant services, the company that can quote the lowest transaction rate usually has an advantage over its competitors. You’ve probably seen some of these “teaser” rates before—advertisements that promote … Continued