Benjamin Stein on LinkedIn: Home Depot Pays $750,000 to Settle CA Suit that it Failed to Cash Out Gift… (2024)

https://lnkd.in/g_zkwTwe22%+ Average Savings? No Risk, No Cost!Having saved billions of dollars for many organizations over the last 30+ years, we found merchants, corporations, and government agencies who accept credit card payments are paying too much on their interchange.We Can Reduce Your Merchant Processing Fees from 22% to almost 100%!- We can help you understand your merchant statement fees, where the fees go, and how much your mark-up is above your account cost.- We can provide you with a merchant account directly with an acquirer/processor which can eliminate any third-party gateway (no middleman).- We deliver overall savings and virtually unlimited options without compromising the highest quality service your business deserves.We can help organizations in many industries, from small, multi-location to multi-billion-dollar companies, while providing merchant credit card cost-saving solutions.Some Clients ServedSocial Security Administration, Jelly Belly, J&J, Centric Group, The Pampered Chef, DOW, Zebra Technologies, AmeriGas, GE, PPG, Avery Dennison, Hoover, and thousands of other organizations.Start SavingEmail us today with your credit card processing statement in PDF Format to GR@ats.fund (Visa / MasterCard / Discover / Amex). Within five business days, we will do a full analysis at NO CHARGE and report to you your cost savings with our merchant programs.To your financial success!Gary RodgersGR@ats.fund https://atspg.com/cost

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💳 Ever wondered about the nuances between a chargeback and a refund? They might seem similar, but there's more to it! At First Card Payments, we believe in empowering merchants with the right knowledge. 🛠️Dive deep into our recent article, "The Difference Between a Chargeback and Refund", for a clearer picture. ➡️ Link in Bio! 📖 https://lnkd.in/gHVgKtc With First Card Payments, clarity and confidence in high-risk transactions are a guarantee. 💼🔍#FirstCardPayments #HighRiskMerchant #ChargebackVsRefund #FinanceExplained #RiskManagement #MerchantEducation #ConfidentTransactions #BusinessFinance #ChargebackInsights #RefundKnowledge #MerchantServices #SecurePayments #PaymentProcessing #CreditCardProcessing #ECommerceTips #IndustryLeaders #MerchantProviders #PaymentInnovation #HighRiskExperts #FinancialTerms #UnpackingPayments #BusinessSuccess #FinancialLiteracy #EmpoweringMerchants 🌍📈

#WhyRealtime - #giftcards are yet another intermediary that is ultimately problematic. If you've been around long enough, likely you have misplaced a gift card or two. This is only the tip of iceberg when it comes to issues with them. While #realtimepayments won't force you to spend money at a specific retailer, like you're granny wanted ("go out and spend a little on yourself, sweetie"), at least it won't get lost, stolen, be difficult to spend or become an issue should that store go out of business.Check out my TEN reasons why real-time is better than #prepaidcards.Well, that's it! ONE HUNDRED REASONS why real-time payments are better than other payment types. If you liked this content, let me know! COMMENT below on what you found most interesting or insightful. LIKE and FOLLOW for more, and you better believe, I got more!#ThoughtLeader #whatsnext ?

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A penny saved is a penny earned, right? Next time you’re at the checkout, consider making it a "Thriller" moment by paying in cash. Not only will you be avoiding those sneaky fees, but you’ll also have a better handle on your finances.In the end, "All You Need Is Love"—and a bit of cash to keep your budget in harmony. So, let’s hit the right note with our spending habits and watch our savings grow! 🎶💰#CashIsKing #SaveMoney #FinancialSavvy #MoneyTips #SmartSpendinghttps://lnkd.in/gaQSdm7A

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Well, this is sobering.In the past week, I have seen my "post impressions" steadily climb to pass 54,000 in the past week. BUTabout 44,000 of them are for one post which was actually a repost - with a post of my own appended - of someone else's post. Kudos goes to James Wims Sorry, Mr Wims, I really didn't mean to steal views that might have been yours had it not been for my attempt to increase exposure for your excellent article and to write a note to encourage my followers to read it. But if things worked as I intended and you have gained views as a result of my efforts, I am very happy to have been of some use. This is the original post:https://lnkd.in/ghDkQm-HThis is what I wrote: Yes, James Wims . The anti-cash movement is driven by companies who want their noses in the trough and to take a percentage of every transaction conducted every day for every purpose all over the world. And by their friends in Treasury departments. You might find FinCrimeTV - Chin Wags ' series on FinTechs and Financial Inclusion interesting so far and as the series unfolds.

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The past few months retailers and card issuers have been lobbying congress on credit card processing fees. The bill proposed by Senator Durbin and Senator Marshall which is titled the Credit Card Competition Act has brought many merchant behaviors to the surface, one of these is surcharging. With the exception of a few states a merchant has the right to surcharge a customer to cover the cost of card processing fees. Seems like businesses everywhere are slapping on fees today from resort fees to miscellaneous service fees.Surcharing is slapped on at the checkout. It is a bit late to reconsider your purchase at that time.Many merchants are profiting from surcharging. As of April 15, 2023, a merchant who accepts VISA branded debit and credit cards cannot surcharge more than 3% (See: https://lnkd.in/gPUD_n2V). There is a good reason for this, their costs are often much lower than 3%. Square, a major provider of card processing for small businesses currently charges 2.6% + 10 cents a transaction for in-person transactions as one example. The next time you are presented with a surcharge that is in excess of 3%, consider asking the merchant to abide by the rules. Financial institutions are scrutinized and heavily regulated (they follow a lot of rules). The picture below was from a local small business a few weeks ago. It is unfair and deceptive pricing on their part from my perspective. If this merchant has competitive card processing rates, they are more than covering their cost at 3.5%. They are making more money from charging this fee. Regardless of their cost, they should follow the rules.Also check out this post for more on the topic of fees https://lnkd.in/gcsPsCxtMary Wisniewski, Ron Shevlin, Tony DeSanctis

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Did you know that different age groups prefer to pay in different ways?Make it easy for your customers by providing different payment options. They might include credit card, debit card, mobile wallets, cash, cheques, or even a gift card.Find out more here:https://lnkd.in/eMxC5Gs3#bookkeeping #bookkeeperolney #bookkeeperlavendon #bookkeeperbedford #bookkeepernorthampton #bookkeepingservices #businesstips

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Fascinating report on the Credit Card Competition Act in Congress. Credit card fees per swipe are a unfair burden specifically on all businesses on main street. As a group of credit card customers (as an intermediary) they are not able to collectively bargain for smaller fees like the big box stores. This is another example of undue burdens placed on small businesses disproportionately to big boxes and how policy could and should be directly shaped to address specific niche issues like this. This policy, should it be enacted, would free small business owners up to invest in other business needs like increased wages and even offer employees benefits. The data on big business at credit card companies and their monopolies presented in this report is of particular interest. There is a hope that increased credit card competition leveling the playing field will increase merchant's choice in what cards are accepted and therefore their fees. The main point in this to me remains that perks for anyone for any use that places a disproportionate burden on small business owners is not good for individuals, community, and local economies as it affects main street player's very livelihoods. Never forget, cash is king at small businesses. Points aren't free, someone is always paying for it!

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Customers are noticing some small businesses are now charging a processing fee to use a credit or debit card.Lottie Watts, Senior Manager of Media Relations for the National Retail Federation wrote to News 3, “The issue of excessive credit card “swipe fees” is a top concern for retailers and consumers.”“I would suspect for small businesses, we’re going to see more and more of those passing fees onto customers,” said Bob McNab Professor of Economics for Old Dominion University. “As credit cards increase the charges levied on small and large businesses to process transactions, it’s normal to see businesses try to shift those costs to consumers. We already see that in Europe and in Asia where it is commonplace.”Read More: https://lnkd.in/g9GgRCyVCredit: Angela Bohon WTKR News 3Moneda® is on a mission to inspire community, your spirit and create economic opportunities for all. As a Veteran Owned and Mission Driven platform, we understand the impact this is having on Small Business America and the communities they serve. This is why we exist to deliver more economic opportunities and benefits to Small Business America through our cloud based, cyber resilient and open banking platform. Together, we will deliver affordability back to the communities that our family owned Small Businesses serve. Send us a message to schedule a conversation to learn more and join us onhttps://monedaapp.com#linkedin #smallbusiness #technology #innovation Merchants Payments Coalition National Veteran Institute For Procurement U.S. Department of Veterans Affairs The Veteran Fund

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A merchant's best gift - gift cards! It's that time of year...are you ready?Integrity Payments - we can help. Steve@IntegrityPayments.com#giftcards #possystems #paymentprocessing #creditcardprocessing#clover #lavu #quantic #swipesimple #hotsauce #atms #commercialloans#equipmentfinancing #ertc #payrollservices #customerserviceexcellence

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