How To Watch Out For Magazine Sales Scams

Sep 10, 2014
imagesNone of us are strangers to the amount of different magazine subscription offers that make their way into our mail box, offering different types of deals, gifts, and limited-time offers. But, what we don’t know is which one of them could in fact be a scam. That’s right, cases of subscription offers that rip you off or vanish to never be heard from are increasingly surfacing. This calls for a little caution to be exercised.

There are quite a few ways through which you can exercise enough vigilance to never fall victim to any of these hoaxes. Following are a few:

–          Don’t rush into anything. If the magazine stresses that you need to jump right in, wait ‘til you at least have all the information you need. For instance, you need to know the length of the subscription period before you decide you need the magazine.

–          Steer clear of any promises of free gifts. Doesn’t happen. Period.

–          Make sure you are aware of the cancellation policy offered so that in case you have a change of mind, you are able to do so. You don’t want to get into a contract you can find your way out of.

–          Keep an eye out for imposters who claim to representing well-known companies, when they are in fact trying to sell you something that doesn’t exist

If you’re a magazine owner, the increasing number of scams that have been reported lately should be a source of concern for you as well. However, there is a much bigger issue to be tackled. The magazine industry has seen decline in growth for the past couple of years. Whether you want to attribute this decline to the digital age or something else, one thing is for sure – the age of internet is here.

With traditional magazines finding themselves faced with lower and lower demand, it is time to go online. The success stories of businesses that carved niches and went online should be an example of the prospects that await you. But, with going online come payments made through debit and credit cards. Here, what you need is a magazine sales merchant account.

At eMerchantBroker, we offer you highly personalized magazine sales merchant accounts that help put wings to your newly introduced online magazine. As sales start to pour in and you move forward on the ladder to success, our magazine sales merchant account provides you ease and convenience of accepting online payments. With our expertise and knowledge of the industry, we can assure you are in the right place.

Click below to get approved for a Magazine Sales Merchant account in as little as 48 hours!

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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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