Merchant Credit Card Processing Account Safety

Small business merchant credit card processing is one of the best inventions ever made for business owners. It allows you to accept credit cards and process them quickly – unlike checks that take a long time to clear. However, there are a few things that you will need to know when it comes to Merchant credit card processing.  The following are three valuable merchant account safety tips to live by:
Safety Tip#1 – Make sure you verify the address and phone number of the merchant account service. You can verify the number by doing a reverse lookup on the internet. You can also call 411 and see if they can find it for you. Obviously, if it is a very popular merchant service provider, you don’t have to investigate as hard. This applies to start-up companies that haven’t established a proven track record.
Safety Tip#2 – If you’re taking restaurant delivery orders, product orders, hotel reservations or any kind of phone order, make sure you ask for the CVV number. This is the number located on the back of the customer’s credit card.
Safety Tip#3 - Be cautious of international credit card orders, especially if they place unusually large orders on expensive items.  If you own a high-end jewelry store and someone places multiple orders on an $8,000 diamond ring, that’s a red flag. There is a lot of fraudulent activity on the Internet; you have to protect yourself at all levels.
Safety Tip#4 – If you have a delivery service, make sure you request a signature for your records, especially if it is a high-priced item like a computer or a credit card machine. If you deliver the package and leave it at the front door and the customer never receives it, you’ll be responsible for replacing it if he never receives it.
Having a merchant credit card processing account will contribute greatly to any business. When you have a merchant account, you can potentially increase your sales revenue.

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The Best Merchant Account

I've spent years researching and writing about different merchant services companies. Did you know that the best credit card processing company for a retail store, may not be the best merchant account for an online ecommerce store? This is why it is important to know everything so you can make an informed decision!
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