Posted in Merchant Accounts on Nov 16th, 2007
When purchasing credit card machines and merchant accounts for small business, there are several things you should consider.
Is there a monthly minimum fee?… The monthly minimum fee, while seen by merchant account providers as a way to guarantee themselves an account is worth establishing, is seen by merchants as a penalty for being small or [...]
Posted in Merchant Accounts on Nov 9th, 2007
When purchasing credit card machines and merchant accounts for small business, there are several things you should consider. Part 1
Posted in Merchant Accounts on Aug 27th, 2007
Internet Online Merchant Account question: “I have a swipe terminal for retail sales, and I will soon be selling online via the internet , will my rates be higher as an Internet online merchant?”
Yes, as an internet online merchant you will be charged higher rates because the fraud issue is considered much higher for an internet online [...]
Posted in Merchant Accounts on Aug 9th, 2007
Avoid the merchant account pitfalls….
Posted in Merchant Accounts on Aug 8th, 2007
What is a Merchant Account?
Merchant accounts aren’t the same as ordinary bank accounts even though some ordinary banks provide them. However, most of these ordinary banks are resellers and not the organization that actually provides the service. That company is called the processor. A merchant account allows a business to accept credit cards as payment for [...]
Posted in Merchant Accounts on Aug 7th, 2007
It’s hard to determine which credit card processing solution is best for your business with so many choices available. Below are some criteria used to rank credit card processing services:
Posted in Term Definitions on Aug 7th, 2007
An Authorization Code is a code that a credit card issuing bank returns in an electronic message to RevTrak that indicates approval of the transaction. The code serves as proof of authorization.
This free information brought to you by……
Why? Even though we would like your credit card processing business, we want you to make this important business [...]
Posted in Merchant Accounts on Aug 6th, 2007
A versatile, reliable credit card processing service can help your business increase sales by enabling you to accept all forms of payment from anywhere at anytime. With a first-rate credit card processing service, you can:
Accept all Forms of Payment - With an adept credit card processing service your business can accept and verify payment from [...]
Posted in Term Definitions on Aug 5th, 2007
Address Verification System (AVS) - Checks to see that the billing address given by the customer matches the credit card. If you opt not to use AVS, VISA and MasterCard will not support your transactions and will charge you an additional 1.25% on those sales. Most merchant accounts come with AVS at no extra charge.
This [...]
