What are Non-Qualified Transactions and How Can Merchants Avoid Them

Non-Qualified Transactions Non-Qualified:  I frequently get calls from merchants who say they were quoted one rate, but claim different rates are showing up on their statements. Unfortunately, merchants can experience a rate increase or surcharge because of the type of card your customers are using,…

POS Security/Poodle Warning! Is Your POS System Secure? PCI Compliance is Coming Soon June 2018

POS Security Poodle Warning ! Is Your POS System Secure?  PCI Compliance is Coming Soon June 2018 SSL encryption is a standard encryption method used for decades.  A vulnerability named POODLE has been detected within SSL and is no longer PCI compliant.  POODLE (Padding Oracle…

Understanding Merchant Account Fees and Their Terminology

Over the past couple of weeks I have run into many merchants that feel ripped off by their merchant sales representative with regards to their merchant account fees. Time and time again I hear “I just didn’t know what to ask for.” Like with any…

Preventing Chargebacks

Preventing Chargebacks, How to Do It! Even if you manage to keep your chargebacks below the 1/2 – 1% threshold, any chargeback claims – whether remedied or not – take up precious time researching what happened. I’m sure there are other ways you’d rather spend your time (like focusing…

Visa and MasterCard Make Their Money on PIN-based Debit Transactions

In previous posts I have talked about Visa and MasterCard turning to Debit and prepaid cards to re-coop money lost on defaulted credit cards. PIN-based debit transactions type of cards used to be the cheapest form of electronic payment a merchant could accept – that seems to…