High-value sales, fraud attempts, layaway, repairs and custom orders.
High average tickets make jewelry stores a target for card fraud.
Large sales to new customers, especially remote ones, need extra checks.
Need capital as well? See jewelry stores business funding from CELER Funding.
Agree ticket and monthly limits with your provider so large sales are not declined or held.
Check ID on large in-person sales, use address verification on remote ones and be wary of rushed buyers wanting shipping to a new address.
Take deposits with written terms for custom pieces and layaway.
The percentage dominates on big tickets; interchange-plus shows premium card costs.
ID checks and address verification, and caution with rushed remote orders.
Not if limits are agreed in advance.
With written terms.
Interchange-plus.
Everyone else in this industry says twenty-four hours. We say four — and if that is still too slow, pick up the phone and get your numbers while you are on the call. No contract, nothing to cancel, no pressure.