Instamerchant Warns of Credit Card Scam Artists; Instamerchant Encourages Consumers to Guard their Credit Cards

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Instamerchant offers a consumer warning to vigilantly guard credit and debit cards as they are often involved in the ever-rising numbers of identity theft cases.

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Last year there was over five and a half billion dollars in credit card theft. Guard your cards and monitor your reported card activity.

Instamerchant, the leader in merchant accounts and credit card processing, advises consumers to vigilantly guard their credit and debit cards.

Identity theft numbers rose 13 percent since 2010. In 2011, there were over 11.5 million victims of identity theft. The figures for 2012 are not out yet, but they are sure to rise rather than fall. Many cases of identity theft involve consumers’ credit cards. Once a credit or debit card is stolen, there are many fraudulent crimes that can be committed by the perpetrator, including attempts to deceive merchant services online.

According to Instamerchant owner, David Standage, “Last year there was over five and a half billion dollars in credit card theft. There are many ways to get defrauded, but it’s less likely to happen if you guard your cards and monitor your reported card activity.” Standage goes on to explain that there are people who steal credit cards and then turn to Instamerchant to open a merchant account. This is with the intention of running the credit cards through for processing, and having the funds deposited in their new accounts. He added that these malicious attempts are thwarted, as Instamerchant has built-in security measures that stop them in their tracks.

Instamerchant facilitates the acquisition and maintenance of merchant accounts by providing instant approvals, low transaction rates, minimal monthly customer service fees, 24x7x365 customer support, as well as a 48-hour account funding turnaround time. In addition, there are no account application fees or set-up fees.

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