At Humboldt Merchant Services, there is nothing we place greater importance on than the health and safety of our employees, merchants, vendors, and partners. To that end, please know that we are continuing to closely monitor the ongoing COVID-19 (coronavirus) situation. While we have made adjustments at our own workplace, including working remotely as required to promote proper social distancing, it’s still business as usual when it comes to our ability to support you as your merchant services partner.

The U.S. Food and Drug Administration (FDA) considers the sale and marketing of products that claim to prevent, treat, mitigate, diagnose or cure coronavirus disease 2019 (COVID-19) to be a threat to public health. The FDA and Federal Trade Commission (FTC) are actively monitoring for what it views as fraudulent COVID-19 prevention and treatment claims.

Most people are well aware of the bearing a consumer’s personal credit history can have on their ability to obtain a mortgage or receive a loan. However, until you find yourself needing the services of a merchant account provider for your business, you may not realize this set of behaviors - generally quantified in what is known as a credit score - has even greater implications.

Any seller wishing to succeed in today’s environment must accept customers’ credit cards as payment for products and services. While doing so benefits both you as the retailer and the person purchasing from you, this more modern payment method does come with risks. Understanding chargebacks, one of the biggest of these perils, is important so that you can do your best to keep them to a minimum.

If you want to accept credit or debit card payments from your customers, you must first secure a merchant account. For a fee, one of these providers will facilitate your transactions for you and funnel the money directly into your checking account. Although having substandard credit can make getting this type of account more of a challenge, there are steps you can take to minimize the effects of poor credit status.

Partner with the retail payments experts who leverage more than 25 years worth of experience to deliver worry-free payment acceptance to every merchant (including those in specialty categories).

Call Humboldt today at 877.387.5642
Email us at customerservice@hbms.com
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