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Avoiding Merchant Account Chargebacks
Copyright © Scott Burke iMAX Business Solutions http://www.cmscreditcards.com/ A chargeback is a transaction that an Issuer returns to a merchant bank and most often, to the merchant – as a financial liability. In essence, it reverses a sales transaction, as follows:
The card issuer subtracts the transaction dollar amount from [...]
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DALLAS, Sept. 3 /PRNewswire-FirstCall/ — Illustrating its ongoing commitment to nurture the growth and success of small business, AT&T* today announced another free one-hour webinar aimed to provide small business owners with the resources needed to run a successful business. As part of a series of instructional webinars and training courses available on AT&T’s small [...]
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Merchant Account Glossary of Credit Card Terms
Credit Report A credit report is ordered for every signing principal on the application, and is used by under-writers to make approval decisions. Humboldt Bank purchases Experian Reports.
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CVV2 CVV2 is a three-digit security code that is printed on the back of most credit [...]
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By Anuradha Shukla
TMCnet Contributor
Internet infrastructure service provider, VeriSign, announced the launch of a Web site aimed to provide small and early stage businesses with tips on how succeed in the online world. Companies trying to succeed online will have useful tips on how to sell their products creatively while receiving information about security and [...]
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Executive Summary
eCommerce platforms are being commoditized. Enterprise level solutions are coming down in price and new open source solutions are being made available to anyone with an internet connection for free.
The most robust of these open source solutions is OS Commerce (OSC) ? a community driven eCommerce solution that [...]
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Merchant Account Glossary of Credit Card Terms: ABA to Corporate Resolution
ABA (American Banker’s Association) Routing Number
This 9-digit ABA-assigned number identifies individual banks. This number is used to facilitate the electronic routing of funds (ACH transfer) from one bank account to another.
Access Number
This is the telephone number dialed by the modem that lets a [...]
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Did You Know? U.S. Credit Card Penetration Rate: 81% of Households have at least one credit card
This article is provided for information purposes only. The terms and conditions of your merchant account are between you and your bank or merchant provider, and should be consulted for specific information related to your merchant agreement with your [...]
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Merchant Account Glossary of Credit Card Terms
Internet Merchant See Business Type
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Issuing Bank An Issuing Bank is any Visa/MasterCard member bank that enters into contractual relation-ships with cardholders for the issuance of cards.
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Keyed A transaction is "keyed" when the information from a credit card is manually typed [...]
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A Quick Guide to Third-Party Credit Card Processors Angela Wu ===
If you’ve ever looked into getting your own merchant account, you already know how expensive it can be. Application fees, setup fees, standard monthly fees, transaction fees… they all add up fast! It can be too much for a business that’s just getting [...]
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By Andrew Mottershead http://www.mindstream.co.uk
If you have product to sell online you may be wondering how to setup shop without spending too much of the green stuff. There are many off-the-shelf software products out there or you can have a web developer create one from scratch. However, this costs.
One way around [...]
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