Credit Card Equipment 802 Site

Credit Card Machine: What You Need to Know About
By [http://ezinearticles.com/?expert=Ricky_Hidayat]Ricky Hidayat

A credit card terminal is a machine that read data stored in magnetic stripe on credit card and send it to merchant account. As credit card is using widely, as so the need for its terminal. Today there are many type of credit card terminal in market, vary in price range and features. If you need to purchase, know them better and choose which one is the most appropriate for your business.

Credit card terminals are fall into three categorize: stationery, wireless and virtual. Each has its own pros-cons. Stationery perhaps is the most common in sight in retail and restaurant. It is small, cheap and reliable. Wireless credit card terminals are just like stationery terminal with a plus point -according to its name-, it doesn't need cable to connect. Virtual credit card terminal is a credit card software to authorize credit card payment. It is used in internet business. Yap, if you see a web site that accepts credit card most likely it has a virtual credit card terminal installed.

Consider the following points when you decide to purchase credit card terminal:

1. Do you need stationery or wireless type? If your business is internet business then obviously you need virtual credit card terminal. No question about it but if not then you should ask your self: does the counter in permanent location or it is mobile? How about infrastructure such as cabling and power source?

2. If you need virtual credit card terminal check out what kind of features it has and the technical support (we're dealing with software here and there's always a chance of incompability issue). Good helpdesk and technical support must be available 24 x 7. Most software vendors offer "standard" version which can be upgrade to "professional" version. Compare the features and see which one is the best for you. You might want to start with the standard version as it usually costs less and then upgrade when your business grows.

3. Does it come with integrated printer? If it doesn't then you have to purchase an additional stand alone unit. You need printer to issue receipts and slips. And if you decide that you need extra receipt printer, know that there are three types of them:

* dot matrix -inexpensive but slow about 1-4 lines per second

* thermal - faster, quieter and more reliable since they have fewer moving parts but slightly more expensive

* inkjet - rare, can print in multiple colors.


4. How about vendor support, service and training? You and your staff might need training how to operate it, especially if you purchase virtual credit card terminal, you must know how to install, specific requirement your software needs and light trouble shooting.

Accept credit card payment can increase your business value but the credit card terminal is not the only thing you must concern about. There are a few things those can be hidden cost for your business including fraud. See the complete guidance in http://cleaneasy.blogspot.com/2007/07/credit-card-terminal.html

Article Source: http://EzineArticles.com/?expert=Ricky_Hidayat http://EzineArticles.com/?Credit-Card-Machine:-What-You-Need-to-Know-About&id=638854

Credit Card Machines 802 Site

Avoiding Credit Card Traps
By James Dimmitt

The next time you open your credit card statement, take a
closer look at the small insert titled “changes to your credit
card agreement”. You know the one I’m speaking about. It’s
that small, folded paper written in legalese that you promise
to read some other time (but of course that time never comes)
or you just discard it with the other “junk” inserts.

First and foremost you must understand that using your credit
card after you’ve received this notification results in your
automatic “agreement” to the new terms in the notice. To
prevent these new terms from affecting your account you must
stop using that credit card immediately or by the date given in
the notification statement.

The most common modifications to credit card agreements include
new APR’s (annual percentage rates), new fees and/or changes to
existing fees, or a change to the grace period on your account.
The grace period is the number of days during which any credit
used for purchases may be repaid in full without incurring a
finance charge.

Not knowing or not keeping track of the dollar amount limit on
your card is another trap you should avoid. Credit card
issuers will allow you to charge a small amount over the limit
set on your account. However, don’t be surprised when you get
hit with an “over limit fee”, usually around $35.00 or higher,
on your next statement. Also, be prepared for your APR to be
increased if you go over your credit limit.

You’ll also trigger an increase to your interest rate if you
miss your payment due date. Some companies consider your
payment late if not received by noon or 1 p.m. on the date due.

Along with the higher rate, you’ll also pay a “late fee” of $29
on up. Be sure to use the company’s preprinted envelope when
sending your payment. These envelopes allow the pre-printed
bar code to be scanned by the post office so that it can be
delivered more efficiently.

If you’ve counted on those few extra days from the time you
mail your check and the time the check clears your bank,
beware! Many credit card issuers have switched from the
traditional method of processing checks to a new electronic
process. This new system shaves off a day or more from the
traditional method it normally takes for your check to clear by
electronically debiting your account.

If you’re considering paying your credit card bills online,
check to see if any additional fees will be charged for using
this type of payment. I recently received an e-mail message
from one of my credit card companies announcing how easy it
would be to make my payments online. Included in fine print at
the bottom of the e-mail was this note - “A fee of up to $14.95
may be charged for this service and will be deducted from your
checking account”. Hmmm, spend 37 cents on postage and mail my
payment five days before the due date or pay now and get charged
an additional $14.95 fee? I’ll bet you can guess which choice I
made.

Taking the time to carefully read and understand your credit
card agreement now will help you save money by avoiding
unnecessary fees or climbing interest rates later down the
road.

About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com

Source: http://www.isnare.com

Credit Card Macihnes 802 Site

Credit Card Processing - Credit Card Factoring Solutions
By [http://ezinearticles.com/?expert=Stephen_Bush]Stephen Bush

Credit card processing is frequently one of the most problematic and overlooked issues for a business owner. An effective credit card factoring program can reduce many credit card processing problems by implementing appropriate cost-reduction strategies. Credit card factoring improvements can produce dual business benefits by both eliminating credit card processing problems and providing improved cash flow by enhanced management of business cash advance programs.

CREDIT CARD PROCESSING AND CREDIT CARD FACTORING SOLUTIONS:
Reduce Credit Card Processing Costs Via the Credit Card Factoring and Business Cash Advance Process

As I noted in an earlier business loan article, for any business that accepts credit cards as a method of payment, a business cash advance (obtained through credit card factoring) is a critical working capital financing tool that is often overlooked. Even thriving businesses frequently need more working capital than they can borrow from a bank. However, what is typically even more overlooked by many business owners is the opportunity to reduce their credit card processing costs at the same time that they obtain a business cash advance via credit card factoring.

CREDIT CARD PROCESSING AND CREDIT CARD FACTORING SOLUTIONS:
Key Problems to Avoid with Credit Card Factoring and Credit Card Processing

Credit card factoring is an important option to consider when a business is seeking short-term commercial loans, unsecured business loans and improved approaches to credit card processing services. Unfortunately there are a number of problems to be avoided with credit card processing and credit card factoring programs. As with any successful business financing strategy, there will typically be only a small number of commercial lenders who are effective at implementing the joint tasks of credit card processing and credit card factoring strategies properly.

Because of this, the prudent choice of an appropriate provider of credit card processing and credit card factoring is extremely important to any business owner that accepts credit cards. To help demonstrate which providers of credit card processing and credit card factoring to avoid, I have written an article which identifies ten key problems which should be avoided with credit card factoring and credit card processing.

CREDIT CARD PROCESSING AND CREDIT CARD FACTORING SOLUTIONS:
How to Obtain The Best and Lowest-Cost Credit Card Processing Services

For business owners either unhappy with their current credit card processing services or simply wondering if cost improvements are viable, a credit card factoring program which eliminates all of the ten key problems noted above should be considered. One of the primary reasons for evaluating credit card processing and credit card factoring in this coordinated fashion is that the low-cost producers of the best business cash advance programs will almost certainly be using the best and lowest-cost producers of credit card processing services. In many cases, the best and lowest-cost providers of credit card processing are simply not available to the average business owner other than as part of a working capital management plan encompassing both credit card factoring and credit card processing.

CREDIT CARD PROCESSING AND CREDIT CARD FACTORING SOLUTIONS:
Cost Reduction and Improved Cash Flow for Successful Working Capital Management

Business owners should not lose sight of the substantial total benefits which might accrue to their business by effectively combining credit card processing and credit card factoring services. As noted above, cost reduction and improved cash flow are primary goals of successful working capital management, and the proper coordination of credit card factoring and credit card processing should accomplish both of these difficult goals simultaneously.

Stephen Bush is the CEO of [http://www.commercial-mortgage-solutions.org]AEX Commercial Financing Group, LLC. Steve provides [http://www.working-capital-management.org]working capital loan and [http://www.church-loan-financing.org]church financing assistance throughout the United States. Information about free online Business Financing Reports and a free online Commercial Real Estate Financing Course is available at select AEX Commercial Financing Group, LLC websites.

Copyright 2005-2007 AEX Commercial Financing Group, LLC. All Rights Reserved.

Article Source: http://EzineArticles.com/?expert=Stephen_Bush http://EzineArticles.com/?Credit-Card-Processing---Credit-Card-Factoring-Solutions&id=516517

Credit Card Machines 802 Site

How to Choose a Credit Card Processing Provider

How to Choose a Credit Card Processing Provider
By Jeremy Zongker

In order to accept credit cards either online or through your physical storefront, one of the things you are going to need is an account with a credit card processing provider. A Credit Card Processing Provider is a company that manages the interface between your credit card terminal or shopping cart software and the Visa/Master network.

Since you are paying a portion of each credit card transaction to your credit card processing provider, it is important that you fully understand the services that your provider offers and how much you are going to pay for these services.

The rate that you will be charged depends upon many factors including the type of product or service you sell and the amount of the average sales transaction. Using this information you can shop around to find a credit card processing provider that offers you the best value for the least money.

For example, if you sell mostly high-ticket items you may be better off finding a provider that will offer you a higher flat-rate transaction fee and a lower discount rate. It may be better for you to pay as much as a $1.00 per-transaction fee when combined with a lower discount if your profit margin can handle it. On the other hand, if you sell a lot of low-priced items, you are better off finding a provider that offers a very low per-transaction fee and a discount rate somewhere in the area of 2.5% or less.

Be Prepared To Pay A Penalty For Poor Credit

If your personal or business credit is below par, you are not going to be able to negotiate much in the way of processing and transaction fees. If that’s the case, look for credit card processing providers that work with people who are in your particular credit situation. But don’t go with the first one that makes you an offer. Even though you may not be able to negotiate, you can still shop around for the best deal.

Look For Technical Integration Issues

Your online ordering software needs to be able to communicate seamlessly with your credit card processing provider’s software through a program that is known as a “Gateway.” Not all providers offer gateways that are compatible with all shopping carts. Make sure that yours is.

Evaluate Your “Risk”

There are a number of credit card processing providers that will not do business with start-up companies or companies that serve certain markets such as the Adult Entertainment or Gambling industry.

Be prepared to pay higher fees if you are in those industries and be prepared to spend some time finding a credit card processing provider that is willing to serve you. The best way to find one that serves your industry is to check your competitors’ sites and see which providers they are using.

Do You Need International Processing?

If your business has a global presence that requires you to handle credit card transactions from outside of your home country, you are going to need an international credit card provider.

Some merchants choose one provider for their domestic transactions and another for their international transactions since the fees are usually higher when the customer is from another country.

Your best advice is to shop around, read the contract carefully and completely before signing, and have your attorney and accountant review all of the paperwork before you commit. That way you’ll know for sure what you are agreeing to and you’ll have a much better chance of running a profitable business when you can control your credit card processing costs.

This article has been provided by Creditor Web. Creditor Web has the articles and other credit card processing resources to help you choose the right provider.

Article Source: http://EzineArticles.com/?expert=Jeremy_Zongker
http://EzineArticles.com/?How-to-Choose-a-Credit-Card-Processing-Provider&id=455253

Credit Card Machines 802 Site

Credit Card Debt – Watch Your Credit Report And Your Bill
By Charles Essmeier

Most consumers are aware of the importance of their credit
report. This document, offered to consumers and lenders by the
three major credit bureaus, offers a fairly complete list of
financial transactions and debts incurred by a consumer.
Lenders examine the report, along with the associated FICO
score, to determine whether a consumer is worthy of receiving
additional credit or loans. What many consumers may not know is
that credit card companies regularly check their credit reports,
and unfavorable entries may result in a higher interest rate on
their credit cards.

We have previously noted that many credit card companies employ
something known as a “universal default clause” in their terms
of service. This clause allows the company to raise interest
rates on the customer’s card if the customer pays bills late. A
late payment to the phone company could result in a higher
interest rate on the Visa card. Most companies also allow
themselves the latitude to raise their customers’ interest
rates for any reason at all. With this in mind, the credit card
companies tend to run occasional credit checks on their
customers, often raising rates if they notice any activity
that, in their opinion, makes the customer a higher risk. This
might happen even if the customer has a history of paying his
or her credit card bills on time.

The sorts of things that may create a “risky” client include
taking out additional loans, additional credit cards, or
building balances on existing cards to at or near their limits.
The companies justify this activity by saying that consumers who
do these things create greater risk for the lender, and these
costs must be passed on to all of their customers. The problem
for the customer is that these higher interest rates are often
assigned without warning. The new rate applies to existing
balances, too. An interest rate hike today could mean that the
television you bought last fall has suddenly become more
expensive.

What can consumers do? Keep an eye on your credit card bill and
your credit report. You can receive a copy of your credit
report, for free, at http://www.annualcreditreport.com. As for
your credit card bill, watch the interest rate. If it abruptly
changes to a higher rate, call your credit card issuer and ask
them about it. They will often reduce the rate if you call and
complain. If not, your only option may be to shop around for
another card.

About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling.

Source: http://www.isnare.com

Credit Card Machine 802 Site

Credit Card Basics
By Mansi Aggarwal

“Which bank’s credit card do you have?”, “what is its credit
limit”, “what type of card is it”…such questions are on
everybody’s lips today. The world seems to have been squeezed
and wrapped into a credit card. Nowadays everybody speaks and
grasps the language of credit cards. The credit card syndrome
seems to have gripped all of us.

But are credit cards only beneficial? Let us analyze the pros
and cons of this pocket plastic and see what outweighs the
other.

The Benefits of a Credit Card:

• Keep heavy cash in abeyance—money is the most coveted thing
in this world. Carrying lot of cash wherever you go is always a
bone of contention. A credit card facilitates you to travel
without heavy cash and have a carefree and happy trip or
shopping.

• Imagine yourself out for shopping in a wonderful mall. While
you shop, you remember to take boots for your son, spectacles
for mother, necklace for your beloved wife…but falling short of
money! The credit card is your best friend in such a situation.

• Even if you lose your credit card, you need not be
apprehensive and scared the way you get when you lose your
cash. This is because you can get the card freezed or blocked
from the bank and relax.

• Credit card works anywhere and everywhere nowadays. You just
need to bag your card and make a move to any destination
without bothering for money.

• Loan facility can also be availed via credit cards.

The Negative Aspect of Surge in Credit Card usage

• Generally everybody does not meet the eligibility criterion
to hold a credit card. yet in order to enhance their sales and
as part of marketing strategies, companies, private banks etc.
do away with giving these cards to who so ever caters even to
the minimum terms and conditions.

• The loan factor-the cards provide you with huge credit
limits. The consumer ignorant of the forthcoming trouble, keeps
on drawing money from his card and most often when he realizes
his mistake, it is too late. He not only comes in the debt of
the money he withdrew but also the massive interest that is
charged by these companies and banks.

• Many credit card companies provide lucrative offers almost
every month in the form of incentives. These incentives are
basically meant to boost the sale of their product. Incentives
like travel programs, gas purchases etc. are a very common
phenomenon these days. But one should not get lured by these
for it is well said that everything that glitters is not gold.
Initially the cards might be promising for some cheerful
moments but once you become habitual of them they can land you
in soup.

• The addictiveness- it is most often the addictiveness of
these cards that is a source of trouble. People, who keep on
drawing from the bank’s or company’s credit, suffer largely.

• Debit cards are believed to be different from the credit
cards. But actually the difference is minute. A debit card can
also be used as a credit card at times and there are some
eminent banks that charge fee with the debit cards too. So more
or less the situation remains to be the same.

When you make up your mind to go for a debit card, consult some
advisor. Know the details of the interest rate, the tenure to
repay the amount and other such things. Do not be carried away
by brand names. Just make a survey first and then decide which
one to go for.

About the Author: Mansi aggarwal writes about credit card.
Learn more at http://www.wisecreditcarduse.com .

Source: http://www.isnare.com

Credit Card Machine 802 Site

Credit Card Processing Accessories
By [http://ezinearticles.com/?expert=Kent_Pinkerton]Kent Pinkerton

Credit card processing accessories include a magnetic stripe reader, a keypad to enter prices and other information, and a small display. The printer can be either built-in or a separate unit. Traditional credit card terminals have different types of displays. Larger displays allow you see more information at once. Displays are usually measured in lines and columns. An 8 x 20 display has 8 lines of text in 20 columns. Backlit display is a standard feature in most new terminals. It lets you to see the terminal even in low light.

Keypads vary in size and number of keys. Larger keypads are very easy to use. There are many types of printers including dot matrix receipt printers, thermal receipt printers, and inkjet receipt printers. Credit card processing terminals are available with integrated fast thermal printer with automatic feeding system. Some of them have four users programmable function soft keys which help better interaction and built-in fast printer.

Credit card processing terminals are compact machines. Accessories such as integrated smart card readers, plug-in battery charger, and power cords are essential components. For virtual credit card terminals, phone or fax, software, computer, and internet connections are necessary. A credit card processing terminal that has a PIN pad can accept debit cards. Card reader cleaners and surge protectors are other credit card processing accessories. Printer paper, ribbons and ink cartridges, mounts and stackers, manual imprinters and imprinter slips, power packs, and cables are also indispensable credit card processing accessories.

There are a number of manufacturers who provide credit card processing accessories. They supply customers various quality solutions to suit their growing needs. Most of them are warranted against defects in material and workmanship for a period of years from the date of shipment. [http://www.e-CreditCardTerminals.com]Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with [http://www.i-CreditCardProcessing.com]Credit Card Processing Software.

Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton http://EzineArticles.com/?Credit-Card-Processing-Accessories&id=353176