Merchant Credit Cards Chapel Hill NC

The banks will take the disputed charge along with a chargeback fee directly from the merchants account and if the merchant does not have sufficient funds that have already cleared from paying their own bills, they will be hit with yet another charge which is known as an overdraft charge. It can become a vicious cycle. There are now more than a few banks that recognize that these charge backs are not always the fault of the merchant, and that indeed, most merchants are honest with their credit card dealings. I regret having to say that there is so much credit card fraud out there today, and because the merchant is always liable, you must take active steps to protect yourself and your business.

First of all, you must be careful to verify to the very best of your ability that the name, address and cvv number verification are all in good order. The business owner, or merchant, must be careful to verify the IP address of each and every transaction to make sure that it is within the approximate location of the cardholder. A red flag should go up if a person who lives in Des Moines, Iowa is suddenly making a charge in Boca Raton, Florida. This is your livelihood so the exercise of due diligence and caution are always of paramount importance.

Do not fall into the habit of becoming apathetic because as quickly as money is credited to your merchant account it can be taken away due to the charge backs that we discussed earlier. Now there are organizations who are working to try to change the banking and processing rules and regulations so that businesses that are both small and large will have some more protection against credit card fraud.

The time to begin protecting yourself and your business is right now. You need only pick up the newspaper, or read a news report, to know that the risk is very real and always present. Reports state that there are over 40 million credit cards in the hands of thieves and criminals who have no compunction about using these credit cards for any nefarious activities that they can dream up. That is why I have written this article. It is most certainly not my intention to scare anyone. I simply want to remind you of the dangers and risks associated with processing credit cards for your business.

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Bob Hett Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards. Article Source: thePhantomWriters Article Submission Service Featured Local Company Anthony F Armento CPA PC (919) 933-3421 1502 W Nc Highway 54 Durham, NC http://www.afacpa.com Related Articles Merchant Accounts Chapel Hill NC Choosing a merchant account service may be more difficult than you think. This article will give you some things to consider when looking for one and tips on how to choose the best service so that you can better serve your customers. Credit Card Machines Chapel Hill NC Why and How-To Begin Building Business Credit Chapel Hill NC Understanding Credit Card Transaction Fees Chapel Hill NC How Accepting Credit Cards Can Increase Sales And Revenue Chapel Hill NC Double Sided Business Cards Chapel Hill NC Comparing Business Cash Advance Loans: 5 Helpful Tips to Look For and Avoid Chapel Hill NC Fast Merchant Account Chapel Hill NC Business Credit Options Chapel Hill NC Have You Been Told Your Business Is High Risk? Chapel Hill NC Related Local Event Economic Development Dates: 7/1/2009 - 7/1/2009 Location: Cary Chamber Offices Cary, NC View Details Times:8 a.m. Phone:(919) 467-1016 Address: 307 N. Academy St. Cary, NC   Related Articles Double Sided Business Cards Chapel Hill NC If you are trying to promote your business, read the following article. It talks about how double sided business cards may improve your business. Have You Been Told Your Business Is High Risk? Chapel Hill NC Comparing Business Cash Advance Loans: 5 Helpful Tips to Look For and Avoid Chapel Hill NC Business Credit Options Chapel Hill NC Understanding Credit Card Transaction Fees Chapel Hill NC Fast Merchant Account Chapel Hill NC How Accepting Credit Cards Can Increase Sales And Revenue Chapel Hill NC Why and How-To Begin Building Business Credit Chapel Hill NC Credit Card Machines Chapel Hill NC Merchant Accounts Chapel Hill NC Save Articles.DirectoryM.net RSS feed Bookmark this on Delicious Bookmark this page   Copyright © BET Information Systems, Inc. All rights reserved.