MERCHANTS NOW ASSUME 100% LIABILITY ON MAG SWIPED EMV CHIP CARDS!
We are now several years into the EMV Credit Card Machine Chip Card Mandate.
At this point, merchants now assume a 100% chargeback liability for processing a chip based credit card or debit card through a mag stripe reader on a credit card machine or other payment processing device. In laymen’s terms this mean if a cardholder initiates a dispute against a Merchant Account for any reason, whatsoever, it will result in an automatic loss for the merchant. Merchants now assume a 100% chargeback liability for processing a chip based credit card or debit card through a mag stripe reader on a credit card machine or other payment processing device. To make matters worse, the card issuers are now initiating chargebacks against merchants on behalf of the cardholder for any EMV Chip Card not processed properly and these also result in an automatic loss for the merchant.
Do you still have a non EMV Credit Card Processing Device? Have you purchased an EMV Credit Card Processing System that still will not Accept EMV Chip Based Credit Cards through the chip reader. If you answered yes to either of these questions, your company is at risk.
Whether your own an EMV Credit Card Machine that is not properly programmed or are need of an EMV Credit Card Processing System of any type, 1st National Payment Solutions can put an end to your frustration and eliminate your risk immediately.
1NPS has long standing relationships with the top Credit Card Processing networks industry wide. This means we sell, service and support 99% of the Merchant Service devices available.
1NPS offers free reprograms of existing systems, Free Terminal Placements, bottom line pricing on all EMV Credit Card Processing Devices combined with the lowest Merchant Account Rates in the industry.
Whether it be with your current merchant provider or another vendor, you need to upgrade your terminal and accept chip credit cards now. This is a perfect time to ensure you are getting a fair deal across the board. Keep your company honest and call us today to learn about our Free EMV terminal Placement, and to take advantage of our $500 Low Rate Guarantee.
1NPS will not be undersold!