Credit Card Processing Scams to Avoid

Credit Card Processing Scams to Avoid

Credit card processing is essential to modern small businesses. Working with a credit card processor allows you to accept debit cards and credit cards as payment, both at the point of sale and online. As more customers go cashless, credit card processing is increasingly important; it’s no longer a matter of choice, but a necessity for most businesses.

However, when choosing a credit card processing company to work with, there is more to keep in mind than rates, terms and conditions. You should also stay on the lookout for one of the many scams and shady practices that plague the industry.

Here are some of the most common scams in the credit card processing industry and how your small business can avoid falling victim to them.

Editor’s note: Looking for the right credit card processor for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs.



Common credit card processing scams

When you are researching credit card processors, there is a lot to keep in mind. Choosing a viable processing partner is a complicated and labor-intensive process that requires you to study multiple pricing models and clearly understand your potential processor’s terms and conditions.

The process is made more burdensome by the risks of encountering fraudulent practices or scams designed to rip you and your customers off. But as G.I. Joe said, knowing is half the battle. Awareness of the most common types of these scams can protect you from stumbling into a bad situation.

Low-risk wholesale processing

One of the most common scams you might encounter involves an unsolicited offer of “wholesale processing,” typically accompanied by a message that you’ve been designated a “low-risk” business.

You might receive a message from a credit card processing sales representative that says something like, “Your


Critical Cybersecurity Measures for Small Businesses

Critical Cybersecurity Measures for Small Businesses

Out of all the data breaches that occur each year, a whopping 43% are usually directed toward small and medium-sized businesses (SMBs). Recent studies also suggest that cybercriminals are more attracted to small businesses.

According to this 2019 4iQ identity breach report, SMBs experienced a more than 420% increase in the authentic and fresh breaches in 2018. To add a bunch of salt to already open reputation and security wounds, most of these businesses don’t recover after a breach.

If at all they recover, it takes too long to get back to business. The reason? Lack of strong financial muscles to bail them out of the effects of a data breach as was found out in this InsuranceBee’s Cyber Survey, which noted that 83% of small businesses are weak financially and can’t recoup the losses due to a data breach.

Why are small businesses targeted in online attacks?

Read on, as we take you through, the very reasons why cybercriminals’ major targets are small businesses. This is not to scare you anyway as we’re also going to walk you through the best ways of locking cyber attackers out of your business.

Reasons small businesses are targeted in data breaches

Because of this, they tend to invest more in promoting the business and building it at the expense of the business’ online security. Well, the thieves are aware of this.

They, therefore, use automated tools that help find vulnerable company websites and databases then launch attacks on them.

  • Fewer resources; apparently, when starting online businesses, entrepreneurs tend to spend a lot on getting the businesses up. From hiring web developers to buying domains, hosting, bringing in employees and finalizing the paperwork, etc., it usually consumes a lot that the companies fall short when it comes to installing the necessary security


How You Can Make Your Business Website GDPR Compliant

How You Can Make Your Business Website GDPR Compliant

Ever since the implementation of the General Data Protection Regulation (GDPR) by the European Union (EU), every business website needs to inform users about the data that it collects. Severe data breaches at Yahoo, Uber and other companies have brought privacy concerns to the forefront. Making your website GDPR compliant is necessary and helps protect users’ data. 

Understanding what the GDPR is all about and how to implement it can feel overwhelming. Let’s take a look at what the GDPR act covers and how you can make your site GDPR compliant. 

What is the GDPR?

The GDPR is an EU regulation that protects the online privacy of all EU citizens. It covers how personal data is used and extracted when users visit and interact with a website. This act affects all websites since they are likely to get visitors from the EU region. 

Here are some of the key features of the GDPR act that affects businesses:

  • All websites must explicitly disclose that they are collecting personal data.

  • Businesses must inform individuals about why, how and where they store and process users’ data.

  • Users have a right to ask for a portable copy of the data collected from them.

  • They have the right to have their data erased under some circumstances.

  • Businesses with core activities where they collect personal data must have a Data Protection Officer.

  • Businesses must report serious breaches of information within 72 hours.

  • GDPR violators can be fined up to €20 million or up to 4% of the annual worldwide turnover.

The intent behind the GDPR regulation is to protect people against data breaches. Most WordPress sites or other sites collect information in different ways. If a site uses analytics, WordPress forms, optin forms or email marketing, then it is collecting personal information.

Your biggest


Protect Data Privacy During Software Development

Protect Data Privacy During Software Development

Data privacy continues to be one of the most important considerations for global business executives and customers alike. In fact, research has found that cybersecurity is the number one external concern for American CEOs in 2019 and 2020. 

Many of the world’s largest companies are responding to the data privacy crisis by investing millions of dollars to build internal cybersecurity teams. These same firms are also collaborating with South American software development firms to source hard-to-find privacy experts at a time when the demand for these specialists greatly outpaces supply. 

Companies can improve their internal cybersecurity efforts and stay ahead of hackers by following appropriate data privacy regulations. In addition, it is important to follow appropriate security models to ensure that development conforms with industry security standards.

The best businesses will also prioritize cybersecurity by building multidisciplinary development teams that integrate data privacy concerns into every stage of the software development lifecycle. 

Why is data privacy important?

As mentioned above, data privacy is the number one challenge faced by American CEOs. The reason for this concern is clear – the number of data breaches continues to increase in both number and sophistication every year. Research has found that hackers attempt to break into a new computer every 39 seconds on average.

The increase in attacks is taking a financial toll on businesses as well. Studies predict that the total costs of cyberattacks will cost global businesses more than $6 trillion by 2021

Individual businesses have even more to worry about. New research has found that a data breach costs companies an average of $3.86 million in financial damage. That’s from a combination of lost business, a damaged brand, investigations and regulatory costs. Companies can expect the cost of a successful cyberattack to increase as new legislation in the


5 Tips for Better Cybersecurity

5 Tips for Better Cybersecurity

If you take a look at the surveys and reports from the last decade, you’ll certainly see a growing trend. Almost all companies, regardless of industry, are very worried about their digital security. That’s no surprise once you learn that U.S. companies experienced 1,244 data breaches that exposed 446.5 million records in 2018 alone. The danger of being attacked is always there: it’s estimated that a hacker tries to break into a computer every 39 seconds on average.

That’s why businesses have security at the top of their concerns, and why you should too. Considering the issue seriously is the first step towards implementing a strong security strategy that keeps you protected.

Installing firewalls and antivirus software and hiring QA services to identify bugs in your systems isn’t enough anymore. When it comes to cybersecurity, you need to bring your A-game. Here are five ways you can improve your business’s cybersecurity.

1. Update and patch everything in your systems

One of the most basic things you can do to limit the risks of an attack is to always use the latest versions of the software you have installed on your systems. That includes every application you use on desktop computers, laptops and mobile devices, as well as the operating system each one of them is running.

This seems like a simple task, yet things can get tricky if you have tailor-made software and/or the size of your digital environment is considerable. On one hand, customized software needs a specific development team to take care of it. That team needs to include QA development services in what it offers, as you’ll need not just to add new features but also to patch up any bugs that might have been ignored or the ones that might appear when you develop an update.