Line Of Credit
Credit cards, Part 1: setting up a merchant account.(Small Business Help Line): An article from: San Diego Business Journal [H] [T] [M]
Charlie Redmond (Digital) CBJ, L.P. 2004-05-17
Release date: 2005-07-31
Price:
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Answers
How will I collect credit card information from my on line clients? will the merchant account provider install that on my website?
simple!
you have two options, both provided by your
merchant account provider
1. virtual terminal(manually enter orders through the virtual terminal provided by your merchant account provider. You will instantly be notified if the transaction is approved or not.
2. weblink or ADC relay(which you put on your site given that you have SSL connection, the customers will be the one to fill it in)
There are merchant accounts providers who offer such services at minimal costs. Visit http://www.freemerchantaccount.biz if you want to know more about it. Best customer service, no hassle installation. There's no harm in trying :)
www.CanadaCardProcessing.com - Low cost merchant account & credit card processing services for Canadian Merchants. Offer both online internet ...
Is it possible to do without a merchant account?
Thanks Richard - how do I use paypal to accept a payment? Say someone rings up to pay me can I still use paypal? Sorry for being thick!!
why not use paypal?
I want to keep track of the amount i billed to my customers who use visa and mastercard to pay their accounts. Does bankcard have an on-line facilities where i can access a summary of all credit card transactions that were submitted to them for processing including the related charges? Discover Network and American Express have this facility. Hoping you could help me guys with this problem. Thanks
Your credit card processing provider is the source for your info.
You need to contact the company that sends you the monthly merchant statements.
Most companies will provide this info as a premium feature.
Simply look on your monthly statement for a Customer Service phone number or web address.
Hi, I purchased a few items on-line a few monthts ago and my credit card information was stolen from this online vendor. I just found out some bogus charges on my account that were charged on that card used w/ this vendor. What is their responsability on this? I did not receive any e-mail form them saying my credit card data was stolen, I am sure that other customers of them might have been affected. How do I proceed? Should I call them to let them know they have an unsecure server and ask them to notify their customers? Do I report this to an authority to make sure they make them take any action?
Are web merchants liable if credit card information from their customers is stolen? Are they responsible?
Absolutely! Visa and MasterCard place strict guidelines on merchants to ensure that credit card information is safeguarded. From everything regarding the security of the website, to the security of the location, and even employees that have access to this information.
How should you proceed?
Report the fraudulent charges to your bank immediately! They will take it from there and undergo an investigation. You will also get your money back. Calling the merchant and voicing your concerns about their server would be a good deed, although they probably will not notify their customers.
Is the merchant liable for the charges?
Not necessarily. If the merchant gets too many chargebacks they will be at risk of loosing their merchant account and will no longer be able to accept credit cards. That is a devastating situation for an online business.
So, I'm working on building my credit. Here's what I have:
- Car loan (cosigned w/ 8 mos perfect payment history)
- Credit card (secured w/ 10 mos perfect payment history)
- Credit union loan (secured w/ 2 mos perfect payment history)
- Jewelery Store account (w/ 2 mos perfect payment history)
The jewelery store is Crown Jewelers, and they have a "no credit check" program. If you make a down payment, they'll issue you a nice sized credit line and report to all 3 bureaus. I'm looking for another merchant card like this with no credit check because the collection accounts I'm working on removing are hurting my score so bad I can't qualify for anything decent.
Does anyone know of another store like that?
Even if a purchase and down-payment is required -- that's ok.
-
There are no merchant specific accounts that will do more than others. All you need is accounts that are reported regularly, preferably monthly like major credit cards. Right now don't apply for anymore lines of credit, you have more than enough and their not 'mature' as yet (min, 2 year) just keep up the perfect payment history for at least 2 years and you're good.
Twitter Founder's Credit Card Device Faces Challenges
With much fanfare recently, Twitter co-founder Jack Dorsey started public testing of a new device, dubbed Square, that attaches to an iPhone and accepts the swipe of a credit card for small business owners.
But the outlook has changed for the start-up that would cater to business owners who can’t deal with the cost or hassles of merchant accounts.
A long-established company in the credit card transactions business will beat Square to market with a smart phone card reader, PAYware Mobile , which also targets low-volume businesses.
A big difference between the two services, industry observers say, is that Square – despite the vaunted Twitter pedigree and venture capital financing – leaves many questions unanswered – particularly the question of fees.
A wireless credit card terminal for a wireless world by Merchant ...
Wireless credit card terminal upgrade. Our world is becoming wireless every day, as newer technology invented and used. We have cordless phones had for some time. We have wireless computers, wireless laptops and even wireless video game systems. This wireless environment makes usmobile, and mobility, it is often important for a company.
You may think that you do not need to upgrade, because your business is static – which means that it does not move in any way. You can not always be in shows, fairs, seminars and other events where you would have to collect the payments. Well done to that effect, you do not need to update it. If you are still on wired devices, the devices are likely to require the use of a second phone line in your company, which eats into your credit card...
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