Stop Overpaying For Merchant Services Options Once and For All

It’s terrible when merchants see the price of a product or service, and purchase it thinking, “What a great deal!” Then later on they discover an even better deal and have to come face to face with the bitter truth that all along they were overpaying for this product or service. The situation becomes even worse when the merchant discovers he or she had been overpaying for months or even years. There’s no way for a merchant to recover a loss of money due to overpayment. No matter how much more revenue merchants pull in, there will always be that nagging thought that they could have made more or saved more money if they hadn’t overpaid.That’s why it’s important for merchants to constantly search for better deals on payment processing equipment.

Since every merchant wants to obtain the lowest processing rates possible, Bank Card Systems(BCS) makes finding these good deals easy. One of Bank Card Systems’ goals is to offer merchants the lowest credit card processing rates in New Jersey. For example, Amin Khalifa of Auto Shine Car Wash said, “With my nine locations car wash, I was delighted to know that Bank Card Systems offer free equipment. I almost leased nine terminals for a total of $351 a month for 48 months with a non-cancelable lease. Thank God for Bank Card Systems. They stepped in and saved me from the horror of leasing. I was able to get all nine pieces of credit card equipment for free! There is no monthly lease, no rent, no buyout, no monthly minimum fee, and I ended up paying a lower rate. Words do not express my appreciation for Bank Card Systems.”

Khalifa almost overpaid for merchant services equipment. Fortunately, he found out about BCS which saved the day by offering him free equipment. Otherwise, he would have overpaid a total of $16,848.00. Instead of overpaying, Khalifa was able to save his money and use it for other purposes.

To read more about how BCS has helped people stop overpaying visits the testimonials page.

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Is Your Business Safe From Check Fraud

An unsuspecting scam

Imagine this. A seemingly nice couple approaches the checkout line to pay for some purchases. They are all smiles and very friendly. As the cashier rings up their purchases, they chat about how much they love the store and how much they can’t wait to come back. After all the purchases are bagged, the couple hands the cashier a check. The check passes smoothly through the cash register with no problems. The couple takes their purchases and thanks the cashier for such great customer service. Later on when the managers are counting the cashier’s till something just does not add up. And then they find it— a fraudulent check. 

Check fraud declining

Check fraud can happen to anyone because those committing the crime can be discrete and unsuspecting. Fortunately, ABC news reports that check fraud is declining. In an article titled, “Check Fraud Crimes Declining, But Debit Card Crimes on the Rise,” journalist Colleen Curry writes, “During a year that saw a record rise in financial crime reports, one scam that has plagued banks and consumers for decades is fading away: check fraud. Reports of suspected counterfeiting, check fraud, and check kiting were among the financial crimes that saw declines during 2011, dropping 7.5 percent from 2010. The drop in check fraud came as the Financial Crime Enforcement Network (FinCEN) had a record number of suspicious activity reports (SARs) in 2011 throughout the financial industry.”

Protect yourself from check fraud

Although check fraud is declining, checks still exist and as long as checks exist so will check fraud. In February of this year, police charged almost 70 people in Tennessee and Virginia with check fraud. Fortunately, there are ways to guard against it. One way to do that is by using electronic check payment processing such as check conversion. Bank Card Systems offers its merchants a check conversion device for check payment processing. The check conversion device accepts checks as if they were credit cards. The machine passes the check through a reader which scans and “verifies the check against a database of negative files.” These files contain information about customers who have been involved in fraud activities in the past. Devices such as these are helpful because fraudulent checks look so real nowadays. Fortunately, a check conversion device such as this one will expose a fraudulent check right away.

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