BankCard USA Helps Business Owners Avoid Trouble!

December 10, 2009 by  
Filed under Companies of Merit

Avoid putting your business at risk by selecting the right merchant service provider.So how do you know which merchant service provider is right for your business?  In courtesy of BankCard USA, below are 6-Money-Saving Tips to help you find the right Merchant Services Provider.

Money Saving Tip #1:

Cancellation Fees are Usually Hidden in the Fine Print. Don’t Let the Wrong Merchant Service Provider Empty Your Pockets!(Avoid Merchant Service Providers with Contract and Cancellation Penalties.)

Stay clear of Merchant Service Providers that place cancellation fees in their contracts.By design, cancellation fees force business loyalty, eliminating future options.  Recent Harvard studies show that businesses rarely terminate agreements when cancellation penalties are in place.  Unfortunately, many leading Merchant Service Providers leverage this knowledge to trap you into one-sided deals. Below is how they do it:

Usually a well-known provider will offer you a free terminal or lower interest rates than its competitors for an agreement of no less than a year.  After you, the unsuspecting buyer commits, the “bait and switch” occurs, and your rates begin to jump. Within a few months, you are paying above average interest rates!   Deciding to cancel can be costly. With standard cancellation penalties ranging from $200 to $40,000, they have got you trapped and they know it.

Another important reason to avoid signing a contract is due to Merchant Service Provider scams.  Some agents will purposely lure you into contracts strategically designed to force early contract termination to collect on an astronomical cancellation fee!

To keep in line with the interest of your business, choose a Registered Merchant Services Provider that offers both its equipment and services without a contract.  Reputable companies don’t need to rely on contracts to retain its customers.  Merchant loyalty should be built on the quality and relevance of a service provider’s products and services, not on their cancellation penalty.

Money Saving Tip #2:

Delays in Processing Product Returns Can Cost You A Customer. (Choose a Registered Merchant Services Provider.)

Keep your customers happy and they are yours for life!  Product returns often times require the merchant to phone-in for account support. To ensure a positive customer experience, the transaction must flow smoothly and quickly.

For many successful businesses, this is a competitive advantage.  Their strategy is simple.  They work with Merchant Service Providers that can manage account information and credit card support under just one roof. These types of providers are referred to as Registered Merchant Services Providers.

Registered Merchant Services Providers are authorized to access secured account information to help give businesses the immediate support they need, saving you valuable time.  With a Registered Merchant Services Provider you can start and finish customers’ claims in one direct, toll-free call. Exceed their expectations with prompt customer service, and you will keep them coming back!

Read Consumer Reviews on BankCard USA

Money Saving Tip #3:

Credit Card Fraud Can Cripple A Business. (Look for providers that carry the Visa CISP -Card Holder Information Security Program- to help secure your business profits.)

Did you know that US credit card fraud resulted in over $1.1 billion in losses in 2006 (The Nilson Report)?If your business’s bottom line depends on card processing, then cardholder security should be top priority when selecting a provider for your merchant account.

Unfortunately, most of today’s Merchant Service Providers use minimal security infrastructure, leaving credit card holder information vulnerable to identity theft and number stealing scams.  As a result merchant accounts get terminated daily, crippling a business’ ability to make sales.

You can minimize potential threats to your merchant account status by selecting providers that carry the Visa CISP- Card Holder Information Security Program.The Visa Cardholder Information Security Program (CISP) is designed to secure Visa cardholder data wherever it resides by requiring that its service providers maintain the highest information security standards.

Read Consumer Reviews on BankCard USA

Money Saving Tip #4:

Support Calls SAVE Sales!(Choose a Merchant Service Provider with live 24-hour phone support.)

Everyday businesses send customers away empty-handed from card transaction hold-ups. Whether it’s a terminal freeze, declined card or a dead phone line, without an AUTHORIZATION number, the item gets returned to the shelf.

Many businesses experience dwindling revenues from this, but YOU DON’T HAVE TO!  By working with a Merchant Services Provider who offers phone support 24-hours, 365 days a year, you can be rest-assured that a transaction hold-up will not cost you the deal.To choose the right Merchant Service Provider with excellent support, below is what you should consider:

1.            Are they a Registered Merchant Services Provider?

2.            Are they open on weekends and holidays?

3.            How do they handle merchant equipment failure?

Emergencies can happen at any time.  Don’t be a business loser from credit card processing errors.  A little planning ahead will make the difference in your daily deposits.

Mini Smart Tip: Look out for Agent Merchant Service Providers.  They tend to be one-man operations with no access to your account and can only provide basic support.  They claim to offer 24-hour support, but by law they cannot access your merchant account details!  Make sure you choose a “Registered Merchant Services Provider” that has 24-hour live call center assistance.

Read Consumer Reviews on BankCard USA

Don’t Get Stuck with A Credit Card Terminal That Limits You To Just One Provider. (Buy your credit card terminal and make sure you can use it wherever you go.)

A common mistake many new businesses make is leasing a terminal, or worse, buying one that is only active with one service provider.   Make sure to check with your provider about the terms on the equipment.  If they offer you the option to buy the equipment, find out whether it can still be used if you transfer to another service.

Money Saving Tip #6

Protect Your Business From Low Quality Service Providers.Research the Company’s History or Risk Your Profits Being Devoured.(Check for Better Business Bureau Membership.)

Doing business with an established Merchant Services Provider is critical. One of the primary steps in selecting a Merchant Service Provider is to research the company.

Start by visiting their web site.  From the look and feel of their site, you will know whether it is worth continuing.   It may be tempting, but don’t let yourself be seduced by web site aesthetics, there is much more to consider when validating their credibility.

Check for a physical address.  Brick and mortar locations usually indicate that your account will still be serviced when you wake up the next morning.  Providing they are a real establishment, look for the BBBOnline Logo. The BBBOnline Logo demonstrates a company’s integrity and indicates a Merchant Provider’s history with acting in accordance of “best-practices.”

Read Consumer Reviews on BankCard USA

About BankCard USA:

Founded in 1993 by Shawn Skelton and Alan Griefer, BankCard USA is a registered merchant service provider. BankCard USA specializes in credit card processing for new or existing businesses. They offer payment solutions for all types of businesses, including internet, retail store-front, mail-order, phone-order, trade shows, professionals, service industry and home-based businesses. For more information visit us at



4 Responses to “BankCard USA Helps Business Owners Avoid Trouble!”
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  2. admin says:
    Overall Rating 55555
    Customer Service 55555
    Delivery 44444
    Rates 44444
    Equipment Quality 44444



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