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Bankcard Empire Raided By The Fed

Last week Bankcard Empire was raided by federal authorities for allegedly running a get rich quick scheme….Big surprise! If you had done any of your research on Bankcard Empire, you would have seen the countless consumer complaints both on the Better Business Bureau and RipOffReport.com. I reviewed them back in November 09′, and hopefully you […]

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Apr 21, 2010 Filed under: News 2
do you really need a merchant account

Do You Really Need a Merchant Account?

The short answer is yes, but there’s more to it than that… The Statistics According to the U.S. Census Bureau, there will be a projected 181 million credit card holders living in the country this year. That’s over half the population. I could get into even more detail about the numbers, but it’s pretty obvious […]

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Mar 29, 2010 Filed under: Credit Card Processing 19

New “User Review and Comment” Policy

In an effort to avoid the user review and complaint pollution that some of these other ratings sites face, I’ve decided to enforce a strict commenting policy. I think it’s for the greater good of our community on both sides of the fence. You can read the policy in its entirety here. You’ll notice a […]

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Mar 8, 2010 Filed under: News 0
problem-merchant

The 5 Rules for You Problem Merchants

The other day I was reading an article over at Transaction Trends called “Managing Problem Merchants.” If you feel like putting yourself in your ISOs shoes for a bit, give it a read. As much as we like to think that we’re always 100% right, and that we should do everything in our power to […]

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Mar 2, 2010 Filed under: Credit Card Processing 0

Merchant Service Providers Recognize Merchant Maverick Ratings

I’m happy to see that merchant account providers are beginning to take Merchant Maverick’s ratings seriously. I think that as I refine and better my reviews, that trend will continue. Up until now, TopTenReviews and the BBB have been the only two review and mediation platforms by which to judge an MSP, and from what […]

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Feb 23, 2010 Filed under: News 2
iphone credit card terminal

iPhone Virtual Terminals: The Mobile Merchant’s Friend

  I love my iPhone. It’s fun, it’s cool, it even helps me be more productive with all of its business/productivity apps. I wish I could mess around with it more (don’t have time), but I still love the possibilities it offers me. The iPhone is a disruptive technology because it’s changed the way most […]

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Oct 15, 2009 Filed under: Mobile Payments 2
merchant account early cancellation fee

Does Your Merchant Account Have an Early Termination Fee?

After reviewing a few dozen credit card processors, I’ve started to see a pattern of sticking points that unhappy merchants repeatedly complain about. One of those points is the early cancellation, or early termination fee. I can’t count how many complaints I’ve read from folks who’ve lost their marbles once they’ve found out that they […]

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Sep 21, 2009 Filed under: Credit Card Processing 16