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Tag Archive: Credit Card Processing

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


January 16, 2019

A Credit Card Processing Glossary

You might hear terms like “issuing banks” or “acquiring banks” or abbreviations like “ISO” that all sound foreign to you. This simple glossary defines the role of each player in a transaction. We will begin by defining your role in the process.  The Merchant The merchant is the business owner or establishment that accepts credit, debit, and prepaid cards. The business owner uses a POS (point-of-sale) system or credit card terminal to accept the form of payment presented by the customer. The merchants independently decide which type of credit cards they will accept and which credit card processor they will...Read more


December 12, 2018

Accepting Venmo in Your Business

There is no doubt that Venmo has become a popular way of moving money from one bank account to another. It can be particularly handy when one friend pays for something such as concert or movie tickets or a cab ride and you need to pay your share. People who don’t have a credit card but have money in the bank. Venmo is owned by PayPal, although PayPal didn’t launch the app: they acquired it in 2014. Originally Venmo could not be used to pay merchants; it was simply a friend-to-friend app. In 2016 Venmo began working with some merchants,...Read more


November 29, 2018

Merchant Fights Fraud – Delivers a Payback

It was back in February or March when Mike Weisberg, owner of Greater Binghamton Limousine Service became a victim of fraud. The thieves would come calling again and again. The third time was the charm and resulted in an immediate arrest. In the first fraudulent encounter, Weisberg received a call asking for immediate transportation to Buffalo, a 400-mile round trip. A trip that cost $875. Weisberg did everything he was supposed to do. He obtained the billing address, the zip code and the three-digit security code. Everything went as planned and the crook even complimented the chauffeur on a job...Read more


June 16, 2017

Chauffeur Driven Magazine Features Chosen Payments

Chosen Payments is honored to be featured on the cover of Chauffeur Driven​ Magazine. The feature article shares the vision of our CEO, Jeff Brodly from the inception of Chosen Payments to the present time. It highlights our commitment and dedication to the ground transportation industry. We invite you to click the link below and learn more about our story. With more than 1100 transportation companies processing with us, we want to say, THANK YOU to the ground transportation industry for supporting us. You sure have our support. bit.ly/CPCD17  


June 29, 2016

Monitoring Internal Theft With A POS System

One of the biggest cash drains for retailers is caused by internal theft. Theft in the retail environment can be done by the theft of merchandise smuggled out in a purse or backpack, by giving product away to friends who come into the business or by the theft of cash. No matter how it is done, it costs the owner money. A Point-Of-Sale (POS) System can help identify theft and specific losses in conjunction with conducting regular physical inventory checks during the inventory ordering process. Not all losses are caused by theft and a POS system can help identify losses...Read more


June 1, 2016

Why PCI Compliance Exists

You may have been assessed a $30 monthly penalty for failing to maintain a PCI Compliance Certificate with your credit card processor. That $30 does not go to your processor but rather to the acquiring banks who access the fine to your processor, such as Chosen Payments who then pass it on to the merchant. In 2006, an independent body was created by Amex, Visa, MasterCard, Discover and JCB effectively try and reduce credit card fraud caused by the poor handling of credit card information by merchants. On a grand scale, think of Target and its data breach of nearly...Read more


April 16, 2016

Chosen Payments Featured in National Magazine

Chosen Payments is proud to be featured in the April 2016 issue of Business Solutions Magazine.  The nationally distributed B2B magazine is dedicated to educating IT resellers in a variety of markets including credit card processors, managed service providers, software developers and integrators. Chosen Payments was presented with a unique challenge of providing a point-of-sale solution for a luxury auto spa doing business inside a Los Angeles Four Seasons Hotel.  The Chosen Payments solution had to integrate into the hotel’s computer system to pass through guest transactions originating from the auto spa, Levaggio.  Levaggio also wanted the ability to process...Read more


March 15, 2016

Tips for Saving on Credit Card Processing Fees

As a small business owner, you know the value of every dime. To grow the business you must pay close attention to every expense, even fees associated with a credit card processor. Unfortunately, accepting credit cards means dealing with processing fees. However, to take your company to the next level, credit card processing must be part of normal operations. After all, for your customers to make an online purchase, they need a viable means of paying with a credit card.   Typically, credit card processing companies charge as much as 5 percent on everything earned from credit card sales, including...Read more


December 15, 2015

5 Tools Every Merchant Should Be Using

As a merchant, you want to take advantage of different tools, systems, and technologies as a means of staying competitive. After all, the merchants that consumers choose to do business with depends on the overall buying experience. Five Critical Tools Loyalty Program—The reality is that without customers, you have no business. To gain loyal customers who gladly tell others about your store, you need to offer a seamless transaction and high level of professionalism. However, to ensure ongoing satisfaction, consider some type of loyalty program in the form of a monthly drawing, promotional give-away, or punching a card with each...Read more