by Mike Valentine on September 12, 2009
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 [...]
by Mike Valentine on September 3, 2009
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 [...]
by Mike Valentine on September 2, 2009
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 [...]
by Mike Valentine on August 26, 2009
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 [...]
by Mike Valentine on August 22, 2009
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 [...]
by Mike Valentine on August 18, 2009
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 [...]
by Mike Valentine on August 18, 2009
‘Top 5 Reasons Your Business Needs ACH* Processing’ by Wayne Akey wakey@ach-payments.com
Almost any business, on the Net or not, can benefit from using the ACH system to electronically move money. Here are the top 5 reasons why:
1) Accepting checks via your web site.
Everyone knows you have to [...]
by Mike Valentine on August 15, 2009
You’ll Die Without Credit Cards! by Mike Banks Valentine
A major issue for small business is finding a reasonably priced option for an online Merchant Account so that they can accept credit cards for instant “real-time” approval of online payments.
Small businesses are finding the routine charges of up to $150 monthly [...]
by Mike Valentine on August 14, 2009
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 [...]
by Mike Valentine on July 31, 2009
A Quick Guide to Third-Party Credit Card Processors
© 2002, 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 started.
There [...]