As someone who’s guided dozens of NYC small businesses, I’ve seen how fraud can quietly eat away profits. From friendly fraud to card-not-present scams, prevention starts with understanding the threats and implementing practical safeguards. Common Types of Fraud Small Businesses Face Card-Present Fraud: Skimmers on POS machines. Card-Not-Present Fraud: Online and phone orders. Friendly Fraud:
As a merchant processing advisor in NYC, I’ve seen firsthand how breaches can devastate small businesses. Understanding how tokenization and encryption protect sensitive payment data is essential for every business owner. In this guide, I’ll explain the differences, how they work in real-world transactions, and what you should implement to keep your customers safe. What
Most business owners feel like they have zero control over their credit card processing fees.The processor says, “This is your rate,” and the merchant just accepts it. But here’s the truth every merchant should know: Processing fees are negotiable; you just need the right approach, the right data, and a processor that doesn’t hide behind
If your business accepts corporate cards, purchase cards, or government cards, you’ve probably wondered why the fees feel higher than normal retail transactions. You’re not imagining it.B2B payments run on a different set of rules, and corporate cards come with higher interchange costs — unless you send extra data with the transaction. That extra data
This will close in 20 seconds