Beware of Potential Magazine Sales Fraud

Nov 26, 2014

It is possible to be bombarded with information and deals that seem too good to be true, and often they are. These people are trying to defraud you of your money in return for poor quality items or nothing at all.

While legitimate businesses are able to run deals and savings, even opening a magazine sales merchant account to give their customers the choice on how they choose to pay. Often it is safer to purchase using a debit or credit card because if there is a problem, it is easier to resolve than if you pay cash or even do a bank transfer.

Businesses that are out to defraud you often don’t have the different payment options, they are looking for the cash sales, this way they can deny the transaction took place. It is especially important that as a consumer, you protect yourself from these people who are looking to take your money without providing you with the service that you are expecting.

It is important that if a person phones you claiming to be from a large company offering you a great deal, don’t give them any of your details, as this could be fake.

This is important for businesses, unless you know the person calling, if they are trying to sell advertising space then it is a great idea for you to set up a meeting to discuss or ask to receive the information in writing. This is the only way you are able to protect your business as sales calls for advertising in the business area is the most common scam and the one that costs businesses the most.

It is therefore so important that you protect yourself and your business from anyone who is claiming to give you something in return for very little to no money. It is important that if you have given money and not received the goods to contact your local government to see if there is any help or advice they might be able to give.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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