Entries by Ed Craft

Freedom and the 4th of July

Hey everyone, Been a while since I posted anything of relevance and since today is the 4th of July, I thought I would.  I want to take you back, waaaay back to when the true relevance of the meaning of the 4th of July was presented in such a way, it scared a country.  Approaching […]

Combating Fraud

From 2012 through 2016, it was reported that the Federal Trade Commission had more than 12.5 million reports of fraud during that time.  Understandably, consumers lost over $725 million during that time frame.  That is a boat ton of money.  When fraud happens, it directly affects 3 parties.  The person who is perpetrating the fraud, […]

Clover as an option…

In the last month there has been a Clover outbreak.  It’s not a disease or anything but it may very well give you a sizeable headache.  Don’t get me wrong, Clover is a great system.  It’s a bare bones, no hassle POS system that most processing companies on the First Data platform offer as a […]

The Scams

As a business owner, you must find it difficult to sift through all the phone calls and processing companies walking through the door talking about saving you thousands of dollars a month.  Which one is actually telling you the truth and which ones aren’t?  I want to break this down for you into 3 categories: […]

Your Business and Square…

Recently I have been getting a large amount of questions regarding Square. Is Square right for my business? Is it really as expensive as people say? I hear it is really simple and all the equipment is free, is that true? Well, I have my own opinions on the subject and my answers might surprise […]

Accepting the CHIP just got more expensive….MAYBE

In 2017, PCI-DSS made some changes.  For those of you that don’t know what that stands for, (Payment Card Industry – Data Security Standards) it’s the technology that tries to keep customer card data safe.  This is good thing for business owners.  If you are a business owner that is currently accepting credit cards, then […]

Difference between Debit and Check Cards

If you are a business owner, raise your hand if you have been told that accepting ‘Debit Cards’ is less expensive for your business…   What would you say if I told you that the passing of the Frank-Dodd Act, made that statement obsolete?  See, the Frank-Dodd Act was the big financial deal that went […]

Understanding Effective Rates

First off, if you own a business, most likely, at one time or another, you’ve been thoroughly confused when your merchant service rep or company talking to you about pricing, pricing structures, or what you should pay.  I would suggest taking everything they’ve said and everything you’ve heard to this point and just forget about […]