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Small Business Insight

5 Tips to Avoid Merchant Account Holds, Freezes and Terminations

Nothing will result in a more complete standstill for your business than an issue with your business's payment processing abilities.

Regardless of whether it is a freeze on your processing ability, withheld funds or the termination of your processing account, these situations can often result in devastating effects for your business.

The good news is there are some things you can do to avoid issues related to merchant account freezes, holds and terminations, with five tips found here.

How to Avoid Intentional Fraudulent EMV Chargebacks

Whether or not your business is brick-and-mortar or eCommerce, EMV® smart chip technology is having an impact on your business. So what does this mean? Some companies have embraced the new technology but have not set up processes to mitigate the possibility of fraudulent EMV chargebacks. At times, it can be difficult to discern those consumers out to get something for free from others that have just forgotten to update their new card information or have sent in an innocent inquiry to their banking institution.