Blog

Category: Merchant Business Tips

November 29, 2017

Are You Doing eCommerce Right?

eCommerce

If your company is not involved in eCommerce yet, you are really lagging behind.  This past Monday was Cyber Monday.  It has become known as the best day for online shopping and this past Monday saw the largest volume of single day online shopping since the internet was born in 1990. eCommerce is rapidly becoming the preferred business channel by consumers.  This is most evident in the fact that “Black Friday” was a dismal disaster for most retailers this year.  The long lines to get in the store, camping out, mad dashes through the store to get a coveted item...Read more


October 25, 2017

Credit Card Backup Guarantees

credit card

Last week we discussed why small businesses should simply process credit cards at the time service is rendered rather than invoicing a client and waiting for your payment at a time that is convenient to your client.  Sure, there is a fee to pay for processing a credit card but many businesses offer a 2% discount on an invoice paid before a certain date anyway.  While you might not offer a discount for early payments on invoices, you will end up spending more than the cost of processing a credit card in the long run if you choose to invoice....Read more


October 18, 2017

Invoicing vs. Credit Card Payments

credit card

We have been contacted recently by two of our merchants who have expressed concerns about when they should process a “backup guarantee”.  A backup guarantee credit card is a credit card left on file with the agreement that if an invoiced account becomes delinquent, the credit card on file as a backup will be charged.  Why not just charge the credit card at the time services are rendered? Why You Should Not Invoice The fact is, most Chosen Payments merchants operate small to medium sized businesses.  Inc. Magazine characterizes 99.7% of all businesses in America as a small businesses.  Small...Read more


September 20, 2017

Calling In A “Code 10”

code 10

Do you know what a “Code 10” is?  This is perhaps the most underutilized tool for fraud prevention.  You’ve probably taken a phone order before and felt like something just wasn’t quite right.  Or, maybe you are retail merchant and the customer was standing right in front of you.  If it doesn’t feel right, it is considered a “Code 10” or suspicious transaction.  Using a code word allows you to call a special merchant hotline right in front of the customer without alerting the customer to the purpose of your call. What Is A Code 10 Authorization Request? A merchant...Read more


September 13, 2017

PCI DSS 3.2 – Important January 31, 2018 Deadline & Clarifications

pci compliance

Technical changes to PCI Compliance are coming in the near future.  This document is intended to be shared with your network administrators, software providers or hardware vendors.  While it is very technical, experienced network managers will understand the terms used to keep your client’s data safe.  In most cases, your software provider will make sure that you adhere to PCI Compliance standards.  However, if you don’t use a commercial software application, this information will be needed by your administrator.  Chosen Payments is always available to assist you with PCI Compliance but it is up to you as a merchant to...Read more


September 6, 2017

Are You A High Risk Merchant?

merchant

Have you been classified as a “high risk” merchant?  This designation can be given to a variety of merchants based on many different factors. It certainly has a bad connotation to be called “high risk” for anything. You probably pride yourself on running a quality business that plays by the rules. Unfortunately, there are some industries that are just considered high risk and it doesn’t matter how tight you run your business, the credit card issuers such as Mastercard, Visa, American Express and others have deemed your industry to be a high risk industry. No matter how awesome you are...Read more


August 16, 2017

Technology – Watch It, Use It, Grow With It

technology

Transportation companies, newspapers and video stores are just three examples of industries who have seen sweeping changes in the way they do business, or don’t do business at all anymore.  Companies which were once giants in these fields such as Blockbuster have either gone bankrupt or seen a massive loss in their profits.  Yet the demand for the services they provide is still here!  People will always need a ride.  They will always want to keep up with current political events and watch movies. Since this is the case, what happened? The answer is simple: other companies are doing the...Read more


August 2, 2017

Chosen Payments – So Much More Than Just A Credit Card Processor

credit card processor

We often say, “We are so much more than just a credit card processor”.  Without a doubt, whether you are in the funeral care industry, the jewelry industry, the ground transportation industry or one of the many other vertical specialties we serve, you have seen Chosen Payments at one of your industry’s events. Our motto is, “Your Partner In Success”.  It’s not just a motto.  It’s a way of life.  It is the way we conduct business.  From sponsoring a clambake on the shores of Monterey Beach for the California Funeral Directors Association to organizing a casino night for the...Read more


July 26, 2017

Encouraging Mobile Payments

mobile payments

Mobile payments or mobile wallets as they are sometimes called can speed up service for consumers, be a convenience for both the customer and the merchant and offer operational benefits for those encouraging the use. Mobile payments such as Apple Pay, Google Pay and others are accepted at more and more locations but there is a reluctance for consumers to use them. Getting your customers to use mobile payments might be a bit of a challenge. According to recent studies, only $1 of every $148 retail dollars spent is done by mobile payments. Why is that? The number one answer from the consumer is...Read more


July 25, 2017

World’s Largest Credit Card Processor Recognizes Chosen Payments

nhra

The National Hot Rod Association (NHRA (http://www.nhra.com/melloyello)) has long been known for producing the fastest four seconds in motorsports. Traversing a quarter-mile in the blink of an eye, NHRA funny-cars leave clouds of smoke in their wake before blasting down drag strips at speeds approaching 350 miles per hour. But if the roar of a 10,000 horsepower engine, and the smell of smoldering rubber doesn’t get your gears turning…maybe this will: As a governing body with 60,000 members, the NHRA presents a huge business opportunity to First Data that extends far beyond the race track. And thanks to the work...Read more

Recent Posts