Blog

Archives: February 2019

February 27, 2019

Why Do Credit Card Processors Ask for Your Social Security Number?

With identify theft on the rise, people are guarding their Social Security Numbers and personal information more closely than ever. Being asked to provide a Social Security Number raises a red flag and certainly a fear of how the Social Security Number might be used and how it will be protected. While processing the applications of hundreds of new merchants in any given month, Chosen Payments routinely asks new merchants to provide their Social Security Number and their home address. While we certainly understand the reluctance of people who don’t want to provide this very personal information, the request is...Read more


February 20, 2019

Valentine’s Day: Did You Cash In or Cash Out?

Last week we observed Valentine’s Day. Perhaps you celebrated because your business is doing well. Maybe you celebrated because you had someone to shower with candy and flowers. Either way, a lot of money changes hands on this 600-year-old novelty holiday. Americans spent a whopping $30 billion dollars celebrating the day of love. The biggest benefactors of Valentine’s Day are merchants. Many of these merchants are in specific industries that Chosen Payments services. This includes restaurants, bars, jewelry stores, limo services, hotels, and pet supply companies. You read that right: 3% of Americans by Valentine’s gifts for their pets. Of...Read more


February 19, 2019

Accepting Checks Using ACH

One of oldest forms of payments is the paper check. For years merchants have accepted paper-based checks and hand carried them to the bank to deposit into their bank accounts with fingers crossed that the check wouldn’t bounce. The use of Automated Clearing House payments, or ACH for short, has improved cash flow by drastically shortening the time it takes for the money to show up in your bank account. Benefits of Using ACH Using ACH gives an edge of convenience for you and your customers.  Payments are quickly processed without the need for an actual paper check. Merchants receive...Read more


February 19, 2019

Despite Problems, Facebook Is Still King of Social Media

While you may hear people claim to be “done with Facebook,” the numbers don’t lie. Facebook continues to grow and remain the king of social media platforms. Facebook continued to grow in the fourth quarter of 2018 despite predictions that the social media giant would lose its hold on users in the wake of online privacy and security concerns. In January 2018 Facebook released its 4th quarter 2018 and year-end results. The fact is, Facebook’s daily active user base actually increased 9 percent year over year in the fourth quarter of 2018, and the platform reached 1.52 daily users in...Read more


February 19, 2019

Top 5 Mistakes When Choosing a Credit Card Processor

Choosing a credit card processor can be a confusing experience for many business owners. Not knowing what exactly your credit card processor does for you can make it more difficult to make informed decisions. Accepting credit card payments for what you sell is a smart business decision. Working with a credit card processor that has knowledge and understanding of your industry is also a smart business decision. The credit card processor your industry association recommends is a great place to start the vetting process and could help you avoid a few critical mistakes that many small- to medium-size businesses make...Read more