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Category: credit card processor

March 28, 2018

Mobile Credit Card Processing Clover Products vs. Square

clover go

Being able to accept credit cards anywhere you happen to be has certainly pushed to the top of the list of things desired by merchants from their credit card processor. Much of this was inspired by the convenience of using Square. Square has continued to dominate in the arena of credit card terminals for new businesses wishing to process credit card payments on their mobile devices. However, a showdown is just beginning with Clover Go, backed by the powerful First Data, gaining significant traction in the marketplace. Clover Go offers lots of services along with layers of security provided by...Read more


March 14, 2018

What Exactly is a Payment Gateway

credit card

You have probably heard the term, “Payment Gateway” many times.  As merchant, you know that you need one and that you have one.  Maybe you even know the name of your gateway such as Authorize.net or PayPro Flow.  But, what exactly does the gateway do for you?   If you want to process credit cards, then you need a payment gateway. A payment gateway is the merchant service that authorizes credit cards and other direct payments. Payment gateways enable customer payment transactions by transferring information between a payment portal and the front-end processors. Payment portals can include websites, mobile phones,...Read more


March 7, 2018

How Much Will a Data Breach Cost You? Why You Need a Data Breach Policy

data breach

Equifax, the credit scoring company has just experienced the most expensive data breach in history. Now, if this happened to Equifax, Target and Chipotle, don’t think for a minute that it can’t happen to you. All of these companies have large IT departments who are tasked with monitoring how customer data is stored and making their computer servers as safe as possible from outside hacks. Yes, even with all those experts hired to protect them, someone managed to get into Equifax servers and steal credit card data and other personal data. That breach is estimated to cost them $275 million...Read more


February 28, 2018

Does Your Credit Card Processor Help Your Business?

credit card processors

There are credit card processors and there is Chosen Payments, Your Partner in Success.  While most credit card processors simply process your transactions and take your money, Chosen Payments is committed to your success.  That means promoting your business, supporting your business and participating in the growth of your business. We take our profits and reinvest them into the growth of your business.  Whether you operate a limousine company, a jewelry store, a hotel, a funeral home or another  type of business in our vertical specialties, you will find us supporting you by not only attending your trade shows –...Read more


February 21, 2018

Choosing A Credit Card Processor – Top 5 Considerations

credit card processor

Credit card processors are a dime a dozen.  You probably received a phone call from a processor soliciting your business within the past thirty days. Before you consider jumping ship for what sounds like a great offer, research the Top Five matters before selecting a new processor. Credit card processing is a utility for your business, much like your electricity, telephone and internet, credit card processing is a must-have in today’s cashless society.  Just as you expect the lights to come on in a room when you flick the switch, you have expectations of your credit card transactions going through...Read more


February 14, 2018

The Very Basics of Credit Card Processing – Explained

credit card processor

If you are thinking that your bank is your best option for credit card processing, you are mistaken.  In fact, banks are the worst choice for your credit card processing. We will explain the difference between an “issuing bank” and an “acquiring bank”.  Without a middle man credit card processor, they can charge anything they want and merchants are none the wiser.  As a side note, credit card processing is also known as “merchant services”.  A credit card processor and a merchant services provider are the same thing and both names are commonly used. The Five Parties There are four...Read more


February 7, 2018

Authorization vs. Pre-Authorization – What’s the Difference?

authorizations

The term, “Authorizations” in credit card processing can mean different things to difference merchants.  There are pre-authorizations, purchases and captures.  We will explain the difference for you in easy to understand terms. Pre-Authorization Also commonly referred to as a “pre-auth” or “auth-only”, is a pre-authorization that places a hold on your customer’s credit card for a specified dollar amount based on a projected sale amount.  This guarantees you access to their credit limit for the specified amount.  This is important for you to know to avoid an unpleasant experience for your customer.  Let’s say your customer has a $1000 credit...Read more


January 31, 2018

What Exactly is a Merchant Services Provider

merchants

Recently one of our merchants had his Merchant Account frozen.  Needless to say he was very angry in his call to Chosen Payments.  He demanded we release his funds and put them in his bank account at once.  The only problem with the request is that Chosen Payments didn’t have control of the money.  However, Chosen Payments did work behind the scenes to get the money released from the sponsoring bank as well as getting the account back to good standing within 24 hours.  That’s one of the things that a Merchant Services Provider (MSP) does.  We represent merchants in...Read more


January 19, 2018

NHRA Features Chosen Payments on Fox News

NHRA partners with national credit card processor Chosen Payments. Funny Car champion Tony Pedregon will serve as an ambassador of Chosen Payments MOORPARK, CALIF. (PRWEB) JANUARY 17, 2018 Chosen Payments CEO, Jeff Brodsly was recently featured on FOX Sports. Chosen Payments was featured on the national network as the preferred credit card processor of the NHRA, its members, fans and vendors. The national processor was recently named one of the Top 10 credit card processors in the United States by Retail CIO Magazine. Chosen Payments handles credit card processing at all NHRA tracks including ticket sales, concession stands and other ancillary...Read more


January 17, 2018

Failing to Accept EMV Chipped Credit Cards Can Be Costly

credit-card

We have recently learned that many credit card processors have implemented fees in 2018 to merchants who don’t have a chip reader terminal.  Really, this isn’t a fee.  It is a fine that is unfairly implemented by unscrupulous credit card processors who are simply making an extra buck off you.  It’s not just a buck though.  One processor is charging an annual fee of $299 to all merchants who don’t have an EMV chip reader terminal. They are blaming MasterCard and Visa.  This is absolute hogwash.  Although we do recommend that you implement the chip reader terminals for your own...Read more