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Avoiding Merchant Account Landmines

Avoiding Merchant Account Landmines Understand your PCI (Payment Card Industry) obligations IntelliCollect PowerPay Phone: (973) 448-9701 Consistently check to see whether you're receiving your entitled funds. Fax: (973) 448-9702 Offer refunds whenever Notify your credit card pro- cessor if your bank account, legal business name, busi- ness type, or processing methods have changed. possible. Monitor your statements on a monthly basis. Remain accessible should customers question a given transaction. Use intuition and research tools to see if a transaction seems legitimate. Overestimate your projected credit card processing figures, within reason. Bill under a name your customers recognize. Answer all dispuČ›es within a timely manner Ensure that transactions are batched out daily. Always provide as much customer information as possible when you process. Choose a reputable merchant account Ensure you have ample funds in your bank account at all times to cover charge- baks and processing- related expenses Check the application and with your provider. processor to see if the quoted rates have been honored. Read the merchant Periodically test your processing system and make certain it works. account contract in its entirety. Website: [email protected]

Avoiding Merchant Account Landmines

shared by InfographicBill on Sep 09
Credit card processing is fraught with potential problems that all too often arise - typically at the least opportune times. View this infographic and let it serve as a proactive guide to avoid commo...




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