As technology is evolving day by day it is easier to trap people in credit card scams. Did you see a charge on your credit card statement with the description “Evolution Technology” and worried about where this charge appeared and searching for the answer to what you have shopped?
Worry not we are here to help you again.
Table of Contents
What is Evolution Technology
Evolution Technology is a well-known company that focuses on payment processing solutions. They help businesses accept credit and debit card payments smoothly, both in-person and online. It’s important to know that they don’t charge customers directly.
Here’s a detailed overview of Evolution Payments’ services:
Key Services Offered by Evolution Technology
- Merchant Accounts: Setting up accounts for businesses to process card payments.
- Payment Gateways: Providing secure platforms for online payment transactions.
- Point of Sale (POS) Systems: Hardware and software for in-person transactions.
- Mobile Payments: Solutions to accept payments via mobile devices.
- Recurring Billing: Automated billing for subscription services.
- Fraud Prevention: Tools and services to detect and prevent fraudulent transactions.
- Customer Support: Help with setup, troubleshooting, and account management.
Evolution technology charge on credit cards might be related to Evolution Power Tools, a UK-based company known for making innovative power tools for construction, woodworking, and metalworking.
They offer tools like circular saws, miter saws, chop saws, table saws, drills, sanders, and multi-material cutting tools. If you are in the construction business and recently bought something from them, check your purchase.
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Why Evolution Technology Charge On Credit Cards Appearing
There could be several reasons why Evolution Technology charges on credit card appear. Let’s break down and understand each possibility one by one.
- Merchant Accounts: These are accounts that businesses use to process card payments. If you’ve recently made a purchase or signed up for a service, the charge might be related to this.
- Payment Gateways: These are secure platforms for processing online transactions. A charge could appear if you’ve bought something online using such a gateway.
- Point of Sale (POS) Systems: If you made an in-person purchase using a card, the charge might be from a POS system.
- Mobile Payments: Charges can appear if you’ve used a mobile payment solution.
- Recurring Billing: If you subscribed to a service, automated billing could explain recurring charges.
- Fraud Prevention: Some charges might be for services or tools to detect and prevent fraud.
- Customer Support: Charges might appear if you received assistance with setup, troubleshooting, or account management.
Another possibility is that the charges on your credit card from “Evolution” could be from purchases made at Evolution Power Tools.
They offer products with advanced features, like multi-material cutting technology. If you or a family member recently bought tools or equipment for DIY projects or professional use, these charges might be from Evolution Power Tools, listed as Evolution Technology. Here’s how you can check and confirm this.
There can be a set of situations behind the charge appearing on your statement.
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Explanation of the Evolution Technology Charge
Situation 1: Evolution Payments Charges from Evolution Technology could be related to Evolution Payments, which serves a wide range of industries including:
- Retail Businesses: Both physical and online stores need payment processing solutions.
- Restaurants and Cafes: Establishments requiring POS systems and mobile payment options.
- E-commerce Platforms: Online businesses need secure payment gateways.
- Service Providers: Companies offering recurring billing for subscriptions.
- Healthcare Providers: Medical practices accepting various card payments.
- Non-Profit Organizations: Groups processing donations and membership fees.
- Travel and Hospitality: Hotels and travel agencies need payment solutions.
Situation 2: Evolution Power Tools Charges might also be from Evolution Power Tools, known for innovative tools for professionals and DIY projects. Here’s a quick look at their products:
- Cutting Tools:
- Circular Saws: For precise cutting of wood, metal, and plastic.
- Mitre Saws: For accurate angle cuts.
- Chop Saws: Ideal for cutting metal.
- Table Saws: Stationary tools for large sheets of wood.
- Multi-Material Cutting Technology: Tools that cut through various materials with one blade, including wood with nails, metal, plastic, and concrete.
- Drills and Sanders: For various drilling and finishing tasks.
- Accessories: Blades, stands, and dust extraction systems.
Check if you or someone in your family recently bought tools from them.
Situation 3: Subscription Renewals Sometimes, unexpected charges are due to the automatic renewal of subscriptions you might have forgotten about. Check your subscriptions and verify the payment details.
Situation 4: Pre-Selected Options When shopping online or downloading apps, additional features or subscriptions might be pre-selected by default. If you rush through the process, you could end up paying for something you didn’t intend to buy. Check your recent purchases and app downloads.
Situation 5: Unauthorized Transactions Lastly, unauthorized transactions can appear with unfamiliar descriptors like “Evolution Payments” due to fraud or identity theft. Regularly review your statements and report any unrecognized charges immediately.
How Does Evolution Technology Charge Appear on Credit Card Statements?
Many cardholders have reported charges from “Evolution Technology” showing up on their credit card statements in various forms.
These charges can appear with different descriptions, often making it difficult to identify the source. To help you recognize these potential charges, here are some common examples of how they might appear on your statement:
- EVOLUTION PAYMENTS INC 800-123-4567 CA
- EVOLUTION TECH PAYMENT SVC *POS 1234 SAN FRANCISCO CA
- EVOLUTIONPAY *APY 5678 NEW YORK NY
- EVOLUTION PAYMENTS *1234 ONLINE TX
- EVOLUTION TECH *POS 9876 LOS ANGELES CA
- EVOLUTIONPAY *APY 4321 MIAMI FL
- EVOLUTION TECH *WEB 1122 BOSTON MA
- EVOLUTIONPAY *SVC 3344 SEATTLE WA
- EVOLUTION TECHNOLOGY *POS 5566 CHICAGO IL
- EVOLUTION PAYMENTS *FEE 7788 DENVER CO
- EVOLUTION PAYMENTS *PROC 8765 CHARLOTTE NC
- EVOLUTION TECH *BILL 2234 PORTLAND OR
- EVOLUTIONARY *FEE 9901 SALT LAKE CITY UT
- EVOLUTION TECHNOLOGY *POS 7789 PHILADELPHIA PA
- EVOLUTION PAYMENTS *TXN 3344 SAN ANTONIO TX
- EVOLUTION TECH *WEB 6655 AUSTIN TX
- EVOLUTIONPAY *SERV 8899 INDIANAPOLIS IN
- EVOLUTION TECH *CHG 9900 HOUSTON TX
- EVOLUTIONPAY *ONLINE 2233 SAN DIEGO CA
- EVOLUTION TECHNOLOGY *SBS 4455 ATLANTA GA
- EVOLUTION PAYMENTS *FRAUD 6677 LAS VEGAS NV
- EVOLUTION TECH *SUB 1243 PHOENIX AZ
- EVOLUTIONPAY *AUTH 9876 DALLAS TX
- EVOLUTION TECHNOLOGY *INV 3456 ORLANDO FL
Breakdown of Elements Used in the Descriptions
- WEB: Web or online transaction
- SVC: Service charge
- POS: Point of Sale transaction
- FEE: Transaction fee
- AUTH: Authorization fee
- INV: Invoice payment
- PROC: Processing fee
- BILL: Billing charge
- TXN: Transaction fee
- SERV: Service charge
- CHG: General charge for services
- ONLINE: Online transaction
- SBS: Subscription-based service
- FRAUD: Fraud prevention service
- SUB: Subscription service
Fraudsters often use legitimate merchant details to disguise unauthorized transactions. To spot these charges on your credit card statement, compare any unfamiliar descriptions with your recent purchases.
If a charge looks suspicious, check it against your purchase history immediately. Follow the steps below for a detailed process.
What To Do If The Charge Is Unauthorized from Evolution Technology?
Credit card scams are happening more than ever, and cardholders are struggling to deal with them. Even with cyber laws in place, scammers keep finding ways to trick the system and come up with new scams all the time. Having a credit card now feels like a financial risk.
For example, charges from Evolution Technology on credit cards show how bad things are getting. If you notice unauthorized charges on your credit card statement you can follow below mentioned steps.
Contact To Evolution Payments
We’ve listed all the common scenarios related to Evolution Technology payments. If any match your situation, the charges are likely valid. If you still have doubts, follow these steps:
- Visit The Website: Visit the official websites of Evolution Payments and Evolution Power Tools to find their contact details. Only use trusted sources.
- Check your statements, and credit card bills, and ask your family if they used your card on Evolution Power Tool websites.
- When contacting the companies, never provide your bank details. Explain your concern and take note of the advice they give you.
If you are not getting the resolution to your charge from the evolution technology you must immediately contact your bank or credit card provider.
Contact Your Credit Card Company
You should quickly call your credit card company or bank to report what happened. Here’s what you need to do:
- Ask them to block your credit card right away to prevent more unauthorized charges.
- Use the customer service number on your card or the issuer’s official website to contact them. Don’t trust other sources.
- Explain your concern and give them any documents they ask for, like receipts or bills. Never share your card number, OTP, or PIN.
- As a precaution, request a new card to replace the old one.
Monitor Charges On Credit Cards
Keep an eye on your future charges. Watch your credit card statements closely for any unusual activity, especially from Evolution Technology or similar companies.
It might not just be them; other companies could be involved too. Check for recurring charges and think about canceling any subscriptions. Even after your bank or credit card company takes action, these incidents could happen again.
Conclusion
Change your credit card PIN and passwords every month. Scammers have many ways to steal your card and banking info. Follow these steps carefully: contact your bank right away to block your card if needed to prevent fraud. Also, keep a list of your subscriptions and services to avoid confusion.
