Scams of the Credit Card Processors: A Business Owner's Guide to Avoiding Merchant Services Deception

by K. Scott Schaeffer

Every year, thousands of business owners sign up for credit card processing, often expecting a fair deal. Once they start processing, however, they find they’ve been locked into agreements that charge them far more than they expected. If only they had known how to avoid getting scammed. Thanks to former 5-year merchant services employee, K. Scott Schaeffer, business owners can now protect themselves ahead of time by reading Scams of the Credit Card A Business-Owners’ Guide to Avoiding Merchant Services Deceptions. In it, merchants can learn how to get the best deals from their credit card processors and, at the same time, avoid the common traps, tricks, and pitfalls of the industry. Regardless of whether you’re starting a business and looking to accept credit cards for the first time, or you’re an existing business looking to change processors, it’s vital that you read Scams of the Credit Card Processors, before you make a decision that will have an enormous impact on the success of your business. Scams of the Credit Card Processors covers all of the following and -Negotiation Checklist*** -The main rate -Qualified rates -Credit card rates -Debit Card rates -Mid-qualified rates -Non-qualified rates -Interchange Plus rates -Credit card rep deceptions -Terms and Conditions pitfalls -Downgrades -Three Tier pricing -EIRF -Assessments -Transaction fees -Daily vs. monthly discounting -Early Termination Fees (ETF) -AVS fee -EBT fee -Voice Authorization fee -Cross Border fee -Access fee -Acquirer processing fee -Acquirer brand processing fee -Monthly minimum fee -Batch fee -Statement fee -customer service fee -PCI Compliance fee -Application fees -Debit set up fees -Wireless terminals -Gift cards -POS Systems

116 pages, Paperback

First published August 1, 2014