Credit Card Processing

Avoiding Fraud: Takeaways from the Commerce Payment Systems Scandal

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The executives, who worked for Commerce Payment Systems, are accused of perpetuating a scam against thousands of small businesses and obtaining more than $30 million through overcharging and deceptive tactics. In this article, I will lay out the allegations and show you how to avoid potential scam practices when choosing a credit card processor for …

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Credit Card Processing

Credit Card Processing Restrictions on Marijuana Businesses

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That’s because while recreational marijuana is now available for sale through dispensaries in multiple states, it’s not legal on the federal level. In fact, the federal government lists it as a Schedule I drug, considered as dangerous as heroin. In 2016, Alaska, California, Maine, Massachusetts, and Nevada voted to legalize recreational marijuana. While medical marijuana …

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Credit Card Processing

Card Present vs. Card Not Present Transactions

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However, the rise of alternative payment channels has muddied the waters a bit, leaving some businesses confused as to why their transactions are card-not-present (CNP) when they expected card-present (CP.) Types of Transactions Firstly, let’s define “card-present” and “card-not-present.” More than just the physical presence of the credit card, a transaction is considered “card-present” only …

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Health and Fitness

zingFit Fitness Review

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Unlike some other software choices, zingFit was specifically designed for group fitness businesses, meaning it’s particularly suited for yoga and pilates studios, bootcamp-style fitness classes, spinning, and other activities done in a group or on a team. The software does offer recurring billing services, so you could use it for individual-style gyms and fitness business, …

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Credit Card Processing

Avoiding Credit Card Factoring Scams

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Officially termed “credit card factoring” or “credit card laundering,” this type of misrepresentation is illegal. You could end up with fines, lawsuits, and more. Under no circumstances should you sign up for a merchant account for someone else’s business in your name, or allow another business to use your business’ merchant account. Let’s look at …

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Credit Card Processing

Choosing a Credit Card Machine

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Today we will discuss the most basic credit card processing device found in a retail business: the standalone credit card terminal. Stand-alone terminals are the simplest and most cost-effective method for accepting card-present transactions (payments where your customer hands you their card) in a retail environment. Although they are the most basic, there are still …

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