Fraud and scams are, unfortunately, prevalent in the business world today. As more business systems go online, more people become prolific with technology, and some bad actors leverage the weak spots of organizations, big and small, to cash in and take advantage. Small businesses can often believe that they are free from the worries of […]
If you’ve landed on this post chances are that you’re considering Payment Depot for your credit card processing needs and are looking for social proof and commentary on our services. We hear you. Which is why in this post, we’ve compiled a handful of notable Payment Depot reviews from industry websites as well as merchants […]
An important component of keeping your competitive edge as an entrepreneur is staying abreast with news and developments in the world of business, tech, and payments. Being aware of significant trends can help you anticipate changes in your market so you can plan accordingly. One of the best ways to ensure that you’re keeping up […]
Today, we are reviewing Intuit’s QuickBooks credit card processing services. Please do not confuse this review with Intuit’s very popular QuickBooks accounting software. And, maybe this confusion and lack of differentiation is the perfect place to start this post. Almost everyone has some understanding of what Intuit’s popular QuickBooks accounting software is and what it […]
Have you heard about PayPal’s policy updates? Beginning May 7, 2019, PayPal will no longer be returning seller fees whenever a buyer asks for a full or partial refund. According to the company’s announcement: We’re changing how we treat refunds. If you refund (partially or fully) a transaction to a buyer or a donation to […]
Costco has an impeccable reputation. The company’s image for great customer service at low prices is so good, in fact, that many business-owners are stoked to realize that Costco has a Merchant Services Program dedicated to credit card processing–– after all, who doesn’t want to work with a company they can trust? However, if you’ve […]
Retail fraud is on the rise. CNBC reported that last year the “level of fraud as a percentage of retailers’ revenues has climbed to 1.58 percent year to date from 1.47 percent,” compared to 2016. Not only that, but according to a 2018 survey by the National Retail Federation, fraud remained the top payment-related challenge […]
Tennessee House Bill 547 requires credit card processors to include the aggregate fee percentage on monthly Statements. At Payment Depot, We love this idea! Our sales team always advises potential members to find their effective rate when shopping around. To calculate this rate, pull out your old statements and divide the total fees by the […]
We are quickly approaching the one year anniversary of the EMV liability shift. The transition to EMV has been rocky at best and quite a pain point for many merchants and processors. Slower checkout times, delays in certifications, and the lack of software updates have forced small business owners to hold off on upgrading their terminals […]
The EMV liability shift in October is quickly approaching, so don’t be left behind. The EMV chip and pin cards have been used in Europe for years and talked about in the US for quite some time, but now they are finally being implemented. EMV cards are meant to reduce credit card fraud by making […]
