January 15, 2025

Dear Valued Member,
We are writing to inform you of a recent phone scam.  A few Cash Practice members have reported receiving these calls, and we wanted to alert you so you can protect yourself and your business.
Scam Details:
  • Caller: Individuals receive calls from someone claiming to be from the "Cash Practice Merchant Dept."
  • Claim: The caller inquires about you receiving an $850 Visa/Mastercard rebate on your merchant statement.
  • Important Note: This is NOT a legitimate call from Cash Practice.  Nor should there be a Visa/Mastercard rebate.  This appears to be a ploy for them to get you to share your merchant or banking details.
How to Identify a Legitimate Call from Cash Practice:
  • Caller ID: All legitimate calls from Cash Practice will display our name (Cash Practice Systems) and official phone number (877) 343-8950 on your caller ID.
  • Team Members: Our team members are based in the United States and won't have foreign accents, unlike the scammers.
Protecting Yourself & Your Business From Phone Scams:
  • Do not provide any personal or financial information to unsolicited callers, even if they seem legitimate.
  • Be wary of urgent requests for immediate payment or personal information.
  • If you are unsure about the legitimacy of a call, contact Cash Practice directly at (877) 343-8950. We're happy to verify the legitimacy of any communication.
  • Consider using call blocking features on your phone to prevent unwanted calls.
  • Additional tips included HERE.
If you believe you may have been a victim of a phone scam:
  • Contact your local law enforcement agency.
  • File a complaint with the Federal Trade Commission (FTC) at ReportFraud.ftc.gov.
If you receive a call like this, please note the caller ID.  We’ve Googled these numbers, which all show as Spam Robo Calls.  Please notify your team so they do not fall for this scam. 
We are always looking out for your best interest.  For any questions, call Cash Practice at (877) 343-8950.
Yours in excellent service,
The Cash Practice Team