Categories


Archive for the ‘Merchant Account Credit Card Processing’ Category

Restaurant Credit Card Processing Merchant Account Services

www.merchantservicestotal.com – Restaurant merchant account credit card processing services for your business to accept all major credit cards. Free Hypercom T4100 point of sale restaurant credit card processing machine terminal equipment system when you setup a merchant account with Total Merchant Services. Accept visa mastercard amex discover payments at your restaurant.
Video Rating: 0 / 5

Restaurant Credit Card Processing Merchant Account Services

www.merchantservicestotal.com – Restaurant merchant account credit card processing services for your business to accept all major credit cards. Free Hypercom T4100 point of sale restaurant credit card processing machine terminal equipment system when you setup a merchant account with Total Merchant Services. Accept visa mastercard amex discover payments at your restaurant.

Merchant Account Credit Card Processing – How to Avoid Fraud and Lower the Chargeback Rate?

Merchant Account Credit Card Processing – How to Avoid Fraud and Lower the Chargeback Rate?

Credit card fraud is a serious problem that results in significant loss to credit card companies and businesses that accept credit cards.

Credit and debit card processing companies use advanced technology that ensures secure processing of transactions. They have processes in place to detect fraudulent activities. Businesses also need to follow strict guidelines in handling credit payments. Thieves often get away with fraud because of the casualness of staff at checkout counters. Some steps businesses can take to protect themselves and customers from fraud are:

Verifying the genuineness of an unusual credit card activity
Credit or debit card processing companies keep track of the activity in an account to establish a pattern. If there is an unusual activity, such as a sudden increase in credit purchases volume, the processing company will detect it immediately and call the customer or business to check its authenticity. This helps in detecting fraud early before it could do much damage.

Verifying the address of the card holder
Many point-of-sale (POS) terminals have an option to verify the address on file. The option can be enabled or disabled. It is safer to keep this option on to have an additional check.

Training staff at checkout counters
Most businesses do not train staff adequately for handling credit transactions. A credit or debit card transaction is oversimplified as just a swipe and punching in of keys. The staff should be trained on the features of the POS terminals that can make transactions more secure. They should also be trained on practices such as verifying signatures, ID, etc. Making the staff aware of card fraud will make them more watchful.

Checking the ID of credit card holders
Asking for ID from the card holder is a simple and effective action to check fraud. Most businesses do not follow this practice consistently. Fox example a busy bar may not ask customers for ID every time they make a purchase.

Verifying signatures
Many businesses do not even glance at the signature to confirm the identity of the credit or debit card holder. Businesses must compare the signature at the back of the card with that on the receipt. A fraudster will be wary of a business that follows this practice consistently.

Businesses pay damages for negligence in credit transactions
In case of credit card theft or fraud, the customer is usually exempted from paying the bill and the card issuer has to bear the cost. However, credit processing at a business is treated differently. If the card processing company can prove that the business was negligent in handling the transaction, by not checking the ID or signature, the business is held responsible for the mishap. The business may have to pay fraud-related damages to the credit card company.

Common fraudsters rely on the negligence of businesses to get away with their crime. Credit card fraud is rampant, and the only way businesses can protect themselves is by following simple tips mentioned above and staying extra vigilant.

Daljeet Sidhu is at TradeSeam. Read our website credit card processing advice. Compare credit card processing business quotes. Sellers JOIN for sales lead generation.

Most popular “merchant Account Credit Card Processing” auctions

Most popular merchant account credit card processing eBay auctions:

Free Credit Card Processing Machine w Merchant Account
US $0.01 (0 Bid)
End Date: Tuesday Sep-14-2010 13:34:46 PDT
Bid now | Add to watch list

Free Credit Card Processing Machine Merchant Account
US $0.01 (0 Bid)
End Date: Thursday Sep-16-2010 8:42:55 PDT
Bid now | Add to watch list

How to Find the Best Merchant Account Credit Card Processing Rates

How to Find the Best Merchant Account Credit Card Processing Rates

Which would you prefer to do? Spend a bunch of money accepting credit cards through a great merchant account – or spend significantly less for a fantastic merchant account that boasts identical features and services?


Well, unless you have recently had a serious blow to the head, I am sure you would rather pay less for the identical features. Any sane person would agree.


Unfortunately, in the merchant industry, it is not always as easy as comparing “A” to “B”. There are a plethora of diverse billing structures, charges, and fees that make it very difficult to understand just how one service stands up to another.


So why don’t we see how to find, compare and choose the ideal merchant account for your unique small business…


To start with, you have to locate a minimum of 3 separate financial institutions – these could include a bank or credit union who can sign you up for their merchant account. Also, you should locate different merchant providers by utilizing Internet search tools that provide particular benefits. There is a standard approval procedure that both the banks and the merchant services use. The following information will be required in order to process your application:


1. A business plan that is feasible,


2. A credit history free of significant blemishes, and


3. Proof that you are able to pay (and have to ability to continue to pay) the charges related to a merchant account.


It of great benefit to you to research the ins and outs of the fee structure charged by each of your potential merchant services companies and/or banks that supply merchant accounts. There are many providers who fail to fully disclose their terms and conditions until you actually sign up for the account – so you might need to ask them for a copy of their “T&C”. This way you are able to understand just how much it will truly set you back to use that account. In any case, make certain that you totally comprehend the terms and conditions before going with that company.


Things to look out for are:


1. Charges to cancel (how much, details, contract duration)


2. “Variable” or Introductory Discount Rates – the discount rate is the largest component in deciding just how much the true charge will be to accept credit cards. Make certain that the rate is single, locked-in, and non-changing. If it’s on a sliding scale, or can be altered without notice – run, don’t walk…


3. Free Equipment Offers – their return policies on the equipment are the most important to find out in this respect – for example, if the equipment is “damaged” at all, many times you are liable to substitute it at full market value – this can be extremely costly….


Now that you have that rudimentary information, to get the best possible credit card processing rates shop many different companies. The options are plentiful, and pricing plans and incentives are available for setting up a merchant account – each one highlights a specific facility. Finding out which one suits you the best is to your advantage. Some companies waive the installation fee, but others have a one-time overall fee and throw in other facilities at no charge. Each provider charges a discount rate, ranging from 1% – 5% and up, based on the type of account. A transaction fee, ranging from .05 to .25, is generally included.


If you want to get the best deal on credit card processing rates, you will have to do your homework well. Thoroughly search for the best priced terms and conditions – but make certain the company has a good reputation. You certainly don’t want to get stuck with a company that is lacking in the customer service department, particularly when your money is on the line!


Things to consider when looking for a good merchant services company include your average number of transactions per month, your profit margin, your average order size, and number of times you will be taking credit cards from your customers. Obviously, retailers with a lot of volume will focus on lowering their discount rates and per-transaction fees as much as possible more so than their monthly fees. Conversely, small and micro-businesses with a bigger order size, but smaller transaction volume are able to be a bit more flexible with the discount rate and transaction fees. They turn their focus primarily on lowering monthly/minimum fees.


In any case, discuss the subject with your peers in your industry and contrast their opinions with the research into your prospective merchant providers that you have done on your own. Taking credit cards should be a good money making choice if you decide to use the right service.


Just be sure you double-check all those terms and conditions!

Chris Rempel, marketing director of Accept by Phone, just launched a “Lens” on Squidoo.com that lists the most affordable merchant account services available for small businesses…

Check it out: The Best Small Business Credit Card Processing Services

More Merchant Account Credit Card Processing Articles

Merchant Account Credit Card Transactions

Merchant Account Credit Card Transactions

An account at any financial institution that permits acceptance of credit cards and transfers the amount directly to the bank account of your choice is called a Merchant Account. Credit cards are accepted through PC processing software, credit card terminal, through telephone or Internet virtual terminal.

There are plenty of institutions that work with the software, Internet option or any terminal of your choice. Though this sounds easy there could be a few problems like processing companies that are below the standard, overcharges, frozen funds, middleman surcharges. The right choice of merchant services can eliminate these problems to a certain extent. Application gee will be charged for almost all Merchant accounts and in case there is no fee charged, probably the difference will be compensated with sale of equipment or software or charging for transactions.

The transaction process though a bit complicated, takes only a few seconds. For processing a credit card transaction through Internet, the customer chooses the products from a Merchant’s website and then checks out with the items. He then opts to pay through credit card. The browser connects to the host’s server and provides the payment form. The credit card information is entered by the customer on the payment form that is totally confidential, and gives authorization to the transaction process by clicking on “complete order” button. The information is transferred to the secure server of the host through SSL encryption. Now the secure host server connects to the processing bank of the Merchant through a third party like Secure Payment Gateway who connects the processing bank through landline. This can also be done directly because some processors have their own secure payment gateway and do not need the service of a third party.

The processor cross verifies the validity of the card and its network like Master Card or Visa and confirmation of the fund availability. In case the transaction is approved, the processor is given a code for authorization or the code is given to Secure Payment Gateway by the processor. The Payment Gateway then converts the authorization into an encryption and transmits to the Merchant web server that then completes the order, The web server of the Merchant sends a confirmation to the customer’s browser. The due amount is then transferred from the bank of cardholder to the processing bank of the Merchant. The Merchant’s bank can then transfer the money to the local bank of the merchant within the next three days.

Jim is a leading writer for the Secured Loan , and HomeOwner Loan websites. We welcome you to stop by our website today and see what we can offer you.

Find More Merchant Account Credit Card Processing Articles

Merchant Services Credit Card Processing

Merchant Services Credit Card Processing

Merchant Services Credit Card Processing companies are finding it harder and harder to compete. Some might say that the old credit card swipe terminal may be on its way out due to the recent advancements in technology and computers using pc based credit card processing. While in some cases this might ring true, in most cases it is not. Needless to say however that there is plenty of room for merchant services credit card processing.

You could of course use services like pay pal and so on to process your payments and pay out the nose for fees, but it might be a better bet to save some money on your costs. Of course the sign up process for these services is quick and easy, but the high rates make up for the time on the front end configuring your account and reading through the fine print. If you are looking to set up small business merchant accounts these services may be perfect for you.
Most merchant accounts charge around 1.5% of each transaction depending on the terms of the agreement. This is quite a contrast to 3% by 90% of the “free” online payment processors.
It is also really important that you choose the right merchant processor too. There are tons of deceptive practices out there and you really need to watch out for yourself. Some of my other articles go into finer detail on what to watch out for and look for when deciding who to go with for your merchant processing needs. Below are just some examples of customers experiences in the field and what can happen.

1. “In June of 2006 I spoke with a salesperson that said he could save our company a lot of money processing credit cards; after a few months I realized that we were paying more than ever, I called customer service but they had the attitude that they could care less about what the salespeople say to sign up new customers.

Fed up with all of the fees being charged I stopped using their service in June 2008, my bank account is still being debited every month for (5 x = 5) with no service being provided. On November 18th, 2008 I called to cancel the service and was told that I would be charged a 5 early termination fee because my 3 year contract wasn’t up (the salesperson lied) and that I needed to send back the machine (salesperson said I would own it after 1 year) or I would be charged an additional 5. I no longer have the machine because it wouldn’t work with the new credit card processing service, believing that I owned it because it had been over 1 year; I traded it for a new unit. Since I no longer have the unit I offered to send them a brand new machine which can be easily purchased for between 0 and 0, the customer service rep said I couldn’t do that and that I would have to pay them the 5.

5 + 5 + 5 = 5 with no service being provided!!!!!”
2. “Our merchant processor has reversed about ,000.00 worth of transactions. They cannot give us a reason explaining why they have done this. They refuse to return our money. From what I have read on-line, we are not the first company they have done this too. Aside from the money they are stealing from us, we now have waste our valuable time dealing with this issue. We already have one of our attorneys assigned to this case.”

So, as illustrated above in their experiences, they will do their due diligence when applying for any merchant account. Remember, READ THE FINE PRINT. It is 99% of the time not in favor of the consumer!
Here is a company I currently use that has excellent customer support as well as reasonable rates and very cool and helpful reps. In fact they did a free analysis of all the charges on my previous merchant bill and pointed out legitimate and illegitimate charges. In addition, since they offer an affiliate program, I am able to drastically offset my own costs, and I don’t mind promoting that!

The free monthly statement analysis alone was worth it. Click here to get yours.

Related Merchant Account Credit Card Processing Articles

Merchant Account Credit Card Processing – How to Avoid Fraud and Lower the Chargeback Rate?

Merchant Account Credit Card Processing – How to Avoid Fraud and Lower the Chargeback Rate?

Credit card fraud is a serious problem that results in significant loss to credit card companies and businesses that accept credit cards.

Credit and debit card processing companies use advanced technology that ensures secure processing of transactions. They have processes in place to detect fraudulent activities. Businesses also need to follow strict guidelines in handling credit payments. Thieves often get away with fraud because of the casualness of staff at checkout counters. Some steps businesses can take to protect themselves and customers from fraud are:

Verifying the genuineness of an unusual credit card activity
Credit or debit card processing companies keep track of the activity in an account to establish a pattern. If there is an unusual activity, such as a sudden increase in credit purchases volume, the processing company will detect it immediately and call the customer or business to check its authenticity. This helps in detecting fraud early before it could do much damage.

Verifying the address of the card holder
Many point-of-sale (POS) terminals have an option to verify the address on file. The option can be enabled or disabled. It is safer to keep this option on to have an additional check.

Training staff at checkout counters
Most businesses do not train staff adequately for handling credit transactions. A credit or debit card transaction is oversimplified as just a swipe and punching in of keys. The staff should be trained on the features of the POS terminals that can make transactions more secure. They should also be trained on practices such as verifying signatures, ID, etc. Making the staff aware of card fraud will make them more watchful.

Checking the ID of credit card holders
Asking for ID from the card holder is a simple and effective action to check fraud. Most businesses do not follow this practice consistently. Fox example a busy bar may not ask customers for ID every time they make a purchase.

Verifying signatures
Many businesses do not even glance at the signature to confirm the identity of the credit or debit card holder. Businesses must compare the signature at the back of the card with that on the receipt. A fraudster will be wary of a business that follows this practice consistently.

Businesses pay damages for negligence in credit transactions
In case of credit card theft or fraud, the customer is usually exempted from paying the bill and the card issuer has to bear the cost. However, credit processing at a business is treated differently. If the card processing company can prove that the business was negligent in handling the transaction, by not checking the ID or signature, the business is held responsible for the mishap. The business may have to pay fraud-related damages to the credit card company.

Common fraudsters rely on the negligence of businesses to get away with their crime. Credit card fraud is rampant, and the only way businesses can protect themselves is by following simple tips mentioned above and staying extra vigilant.

Daljeet Sidhu is at TradeSeam. Read our website credit card processing advice. Compare credit card processing business quotes. Sellers JOIN for sales lead generation.

More Merchant Account Credit Card Processing Articles

How to Find the Best Merchant Account Credit Card Processing Rates

How to Find the Best Merchant Account Credit Card Processing Rates

Which would you prefer to do? Spend a bunch of money accepting credit cards through a great merchant account – or spend significantly less for a fantastic merchant account that boasts identical features and services?


Well, unless you have recently had a serious blow to the head, I am sure you would rather pay less for the identical features. Any sane person would agree.


Unfortunately, in the merchant industry, it is not always as easy as comparing “A” to “B”. There are a plethora of diverse billing structures, charges, and fees that make it very difficult to understand just how one service stands up to another.


So why don’t we see how to find, compare and choose the ideal merchant account for your unique small business…


To start with, you have to locate a minimum of 3 separate financial institutions – these could include a bank or credit union who can sign you up for their merchant account. Also, you should locate different merchant providers by utilizing Internet search tools that provide particular benefits. There is a standard approval procedure that both the banks and the merchant services use. The following information will be required in order to process your application:


1. A business plan that is feasible,


2. A credit history free of significant blemishes, and


3. Proof that you are able to pay (and have to ability to continue to pay) the charges related to a merchant account.


It of great benefit to you to research the ins and outs of the fee structure charged by each of your potential merchant services companies and/or banks that supply merchant accounts. There are many providers who fail to fully disclose their terms and conditions until you actually sign up for the account – so you might need to ask them for a copy of their “T&C”. This way you are able to understand just how much it will truly set you back to use that account. In any case, make certain that you totally comprehend the terms and conditions before going with that company.


Things to look out for are:


1. Charges to cancel (how much, details, contract duration)


2. “Variable” or Introductory Discount Rates – the discount rate is the largest component in deciding just how much the true charge will be to accept credit cards. Make certain that the rate is single, locked-in, and non-changing. If it’s on a sliding scale, or can be altered without notice – run, don’t walk…


3. Free Equipment Offers – their return policies on the equipment are the most important to find out in this respect – for example, if the equipment is “damaged” at all, many times you are liable to substitute it at full market value – this can be extremely costly….


Now that you have that rudimentary information, to get the best possible credit card processing rates shop many different companies. The options are plentiful, and pricing plans and incentives are available for setting up a merchant account – each one highlights a specific facility. Finding out which one suits you the best is to your advantage. Some companies waive the installation fee, but others have a one-time overall fee and throw in other facilities at no charge. Each provider charges a discount rate, ranging from 1% – 5% and up, based on the type of account. A transaction fee, ranging from .05 to .25, is generally included.


If you want to get the best deal on credit card processing rates, you will have to do your homework well. Thoroughly search for the best priced terms and conditions – but make certain the company has a good reputation. You certainly don’t want to get stuck with a company that is lacking in the customer service department, particularly when your money is on the line!


Things to consider when looking for a good merchant services company include your average number of transactions per month, your profit margin, your average order size, and number of times you will be taking credit cards from your customers. Obviously, retailers with a lot of volume will focus on lowering their discount rates and per-transaction fees as much as possible more so than their monthly fees. Conversely, small and micro-businesses with a bigger order size, but smaller transaction volume are able to be a bit more flexible with the discount rate and transaction fees. They turn their focus primarily on lowering monthly/minimum fees.


In any case, discuss the subject with your peers in your industry and contrast their opinions with the research into your prospective merchant providers that you have done on your own. Taking credit cards should be a good money making choice if you decide to use the right service.


Just be sure you double-check all those terms and conditions!

Chris Rempel, marketing director of Accept by Phone, just launched a “Lens” on Squidoo.com that lists the most affordable merchant account services available for small businesses…

Check it out: The Best Small Business Credit Card Processing Services

Find More Merchant Account Credit Card Processing Articles

Lastest Merchant Account Credit Card Processing auctions

Some recent merchant account credit card processing auctions on eBay:

Credit Card Merchant Account Free shipping Processing
US $0.01 (0 Bid)
End Date: Tuesday Aug-03-2010 13:58:24 PDT
Bid now | Add to watch list

Credit Card Merchant Account Free shipping Processing
US $0.01 (0 Bid)
End Date: Tuesday Aug-03-2010 14:44:31 PDT
Bid now | Add to watch list