Search results
Results from the Tech24 Deals Content Network
Contact your merchant services provider right away if the scam involves sensitive customer information. If you’ve fallen for a phony provider, cancel any credit or debit cards associated with the account. Inform your local consumer affairs office of the scam and find out what your options are.
I had an interesting call this mornings from a person that claimed to be with Merchant Support Network Incorporated. The woman asked to verify some "basic" information that would allow them to process a rebate owed to us from overcharges to our account that related to a lawsuit.
What To Do. You might find that merchant services keeps calling, trying different tactics to get you to call them back, send statements, or switch processors. Don’t sign new contracts or send in paperwork without reading it carefully and confirming what it is with your current processor.
Bait-and-Switch Sales Calls. This scam starts with an unexpected call or message that contains a recording. The speaker says they're from your merchant service provider and that you're agreeing to higher fees unless you respond right away. Alternatively, they might say you're due for a rate review.
Learn the ins and outs of merchant account fraud, how to protect your business, and the best ways to respond to merchant services scams. 1-800-988-2215 Solutions
Account service call scams are a type of phone scam in which fraudsters spoof your caller ID to display “account services” or “cardmember services.” If you answer, scammers pose as representatives from credit card companies, collection agencies, banks, or utility providers.
Beware of calls regarding your "credit card merchant fees" and "federal regulation changes". They say they are calling from “merchant services” or “the credit card processing company" and that they could save you a few percentage points on each credit card swipe your business takes.