Posts Tagged ‘Processing’

Business owners,

VMS-Washington is passionate about saving business owners money on their processing and cut their business costs.  How do we do it?  Simple, we provide you with A rated services, give you rock bottom rates,  help you with better business practices through our preferred partners and educate you on credit card processing.  How can we give you better rates than other merchant service providers?  We process over 100+ million a day in business which means we can ask for better rates and fees.  Due to the overwhelming replies we are eager to help business owners by giving you great rates and fees and with those great rates we also promote you business for free though our 44,000+ in our network.  What would you do with your extra savings?

  • Invest in your company?
  • Pay off some bills?
  • Buy more inventory?
  • Pay for lunch for your employees?
  • Do more advertising?

VMS-Washington helps all businesses, it doesn’t matter if you process $500 dollars a month or 500,000 a month, you’ll get great rates and fees from us.  We’ll help all types of businesses, non-profits and charities. For example:

  • Churches
  • Charities
  • Mom & Pop stores
  • Franchises
  • Grocery stores
  • Auto dealerships
  • Restaurants
  • Bars & pubs
  • Hotels
  • Web based companies
  • Any and all businesses

So why pay high rates when you can be with a company that will give you low rates and fees and promote your business for free.  We ask potential clients these questions:

  • Are you happy with your current provider?
  • Do they send you referrals?
  • Do they promote your business?
  • Have you checked them out on the BBB?
  • Do they give you $50.00 per referral?
  • How many referrals have you received from them?
  • Have they told you about the Durbin Amendment?

To sum it up.  VMS-Washington will beat every processor out there and give you the best rates and if we can’t we’ll give you $500.00 cash!  Contact us if you want to save money on your processing and help you save on other business costs.

Thank you,

Michael Roberts

800-531-8575 ext. 697

VMS-Washington – How to Manage Chargebacks Resulting from Processing Expired Cards

Visa’s chargeback Reason Code 73 and its MasterCard equivalent Reason Code 4835 are used by card issuers to designate chargebacks resulting from processing credit and debit card transactions where both of the following two conditions are present:

  1. The payment was made with an expired card 


  1. The transaction was not authorized.

It should be noted that, if a merchant processes a card-not-present transaction using a card that expired before the transaction date, but the issuer approved the authorization request, the issuer is responsible for the transaction.
A critical point in determining the validity of such chargebacks is establishing the transaction date. For the purposes of Reason Codes 73 and 4835, the transaction date is the date on which the cardholder first presented the card to the merchant. However, for hotel, cruise line, airline or car rental transactions, the applicable transaction date is the date on which the cardholder first checked into the hotel, boarded the cruise liner or aircraft or rented the car, not the date on which the booking was made.
What causes these chargebacks? As the above description implies, Reason Codes 73 and 4835 occur when a merchant does not follow best card acceptance practices and accepts a payment from a card that is past its expiration date and did not obtain an authorization approval from the issuer.
How to manage such chargebacks? Your response to Reason Code 73 and 4835 chargebacks will depend on the particular transaction circumstances and the actions you have taken (or not) so far.

  • The card was not expired in a key-entered transaction. In such cases you should send a copy of the sales receipt to your processor. The chargeback is invalid regardless of whether authorization was obtained. For key-entered transactions, the expiration date should be on the manually imprinted copy of the front of the card, which should also be sent to your processing bank, along with the sales receipt.
  • The card was expired, the magnetic stripe was read and an authorization was obtained. If you had processed an expired card, for which both the magnetic stripe was read and an authorizationwas obtained, inform your credit card processing bank. As indicated above, the issuer is responsible for such chargebacks.
  • The card was expired, the magnetic stripe was not read and an authorization was obtained. If you had processed an expired card for which the magnetic stripe was not read but an authorizationwas obtained, send a copy of the sales receipt to your processor with the manual imprint of the front of the card, and ask them to include the authorization log in the re-presentment.
  • The card was expired and no authorization was obtained. If you had processed an expired card for which no authorization was obtained, there is no remedy and you should accept the chargeback.  Do not process a credit at this time, as the chargeback has already performed this function.

How to prevent chargeback Reason Codes 73 and 4835? Prevention of these chargebacks is entirely within your control and once again adequate training of your sales staff is the most effective tool at your disposal. A simple but very effective preventive measure is to check the expiration date of the card, presented by the customer, and to not accept payments if the card has expired. You should ask for an alternative payment method instead.

Learn how to lower your card acceptance cost: and ask about our $250.00 guarantee that we can beat your current processor’s rate.