Monthly Archives: March 2015

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If you run a business, there’s a good chance that you already accept credit cards. If you’re new to starting a business, there are some things you should know about credit card processing that will save you a significant amount of money in the long term.

The first part of pricing that everybody uses to compare one provider against another is the discount rate. Business owners always want to know the discount rate. This is the rate that typically results in the most fees paid by merchants so with good cause is the one that merchants should definitely try to keep low.

Your discount rate will depend on which type of merchant you are. If you’re a supermarket, for instance, you’ll pay significantly less than a website dedicated to travel reservations. You’ll also have a lower discount rate if you process mostly check cards vs. corporate cards, for instance.

Another fee charged is the per transaction fee which is typically about $ .20 per transaction. These can get as low as $ .15 to $ .16 per transaction but it wouldn’t be worth negotiating that low unless you have an incredibly low average ticket item. If you have a $ 10 average transaction, a $ .25 per transaction would be a 2.5% effective rate. If you add a 1.5% discount rate, you’d end up with an effective rate of 4%.

If you have a per transaction of $ .17, the same $ 10 transaction would have a 1.7% transaction rate which would reduce your overall effective rate on those smaller ticket items. Your goal should be to get your effective rate as low as you possibly can.

Business owners will typically have a monthly fee, usually in the form of a statement fee, customer service fee, or monthly account maintenance fee. This fee is usually about $ 10 per month.

There is also a monthly minimum that is usually charged on merchant accounts as well. This is a $ 25 minimum fee based on the discount rate. Any given month, the $ 25 worth of discount fees is charged. So, if you process $ 1000 per month at 1.7%, you’ll be assessed $ 17 worth of discount fees. If your minimum is $ 25, you’d pay the extra $ 8 worth of fees to equal the $ 25.

These are the main fees associated with any merchant account. Of course, there are more fees that will apply to certain types of accounts, such as an internet-based account or a wireless account which may have additional fees. There are also some per instance fees such as insufficient funds fee, chargeback, retrieval fees, AVS fees, batch header fees, and other misc. fees. Your sales representative should know and be able to explain any and all of these fees.

Be sure to work with a merchant service provider and a sales representative that you can trust. The industry is a lucrative one and attracts both the honest and dishonest sales reps. Having said that, make sure you review the “fine print” and pricing pages for the application before you commit to work with a merchant services provider.

Brian is an expert at helping businesses just like yours reduce expenses on their credit card processing. If you’re serious about reducing your expenses and doing so without a major hassle, contact Brian through his website dedicated to business merchant accounts.

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The basic piece of equipment most small retail operation will want is a terminal, that black box that sits next to the cash register and is connected to the card processor via phone line or Internet. Cards may be swiped or input manually and an optional debit PIN pad allows customers to enter their secret PIN for their debit card.

If you accept checks, you can also connect a check swipe reader that will scan the check through the check guarantee service of your choice and electronically deposits the funds into your account, saving trips to the bank. Connected to or part of the terminal is a receipt printer.

Instead of a terminal, you may elect to use a personal computer with a card swipe reader attached to it. Point-of-sale software installed on the computer will accept the input card and send it via internet or phone line for processing and authorization.

There are literally hundreds of POS systems available on the market, many industry-specific, such as for hotels or restaurants.

If you do not have or want a POS system, you can set up a “virtual terminal” on your PC by logging in to your credit card processor’s website and swiping or manually entering card information for authorization. Such sites usually also permit you to void, force and refund transactions or set up recurring transactions such as monthly health club memberships, automobile payments, etc.

Virtual processing usually also permits you to use you cell phone to get authorizations on the go, out in the field, and usually also offer a shopping cart that you can integrate into your company website for online purchases.

For businesses that deliver merchandise to customers, such as pizza shops, there is a new wireless terminal, most like a cell phone, that your drivers carry with them. At the customer’s home they swipe the customer’s card through this mobile terminal and get an authorization. This can represent a tremendous monthly savings over accepting orders over the phone at the store and manually keying in the customer’s credit card number. Remember, manually keyed-in cards are charged a higher Non-Qualified Rate because the fraud risk is higher when the card is not present and swiped. The mobile terminal does swipe the card and it is treated as a card-present transaction, at a much lower rate. Mobile terminals utilize Packet Radio Service or cell service and are very reliable. The driver carries a small printer on their belt to print receipts for the customer.

You can acquire equipment by outright purchase, or lease it. Each option has advantages, discuss them with your accountant. If you do lease, you don’t have to worry if the terminal breaks, just swap it for a new one. Some processors will provide you with a “free” terminal but you will usually end up paying higher transaction rates or other hidden fees. There is no free lunch.

James Hussher is a national Account Executive for Card Payment Solutions, a registered merchant services provider (MSP) for Wells Fargo and JPMorgan Chase banks. Contact James at http://creditcardmerchantnews.com, a site James maintains to inform his credit card merchant clients. Wherever you are in the USA, I offer a free analysis of your current merchant account statement. I will provide a report showing you exactly how much you are paying to accept cards in each tier, plus monthly fees; I will also propose the rates we can give you, for a clear side-by-side comparison.

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ANALYSIS OF CREDIT CARD DEBT

http://bestsolutions.cu.cc/analysis-of-credit-card-debt/ Assignment 2: Analysis of Credit Card Debt Credit card debt is a reality for many in today’s world. Suppose that you had a 70.00…

Pvc pipe equipment is increasingly more favored because of its erosion resistance, anti-ageing and environmental safety. Particularly in developing business, new variety plastic pipe can not merely replace steel, wood and such conventional building materials but has positive factors of electricity conservation, substance conserving, ecology protection, residing setting enhancement, constructing perform and top quality enhancement, architecture useless fat decrease, project finish advantage and and so on. It is vastly used in fields like creating or town h2o offer and drainage, gas pipeline and many others, changing into pipeline advancement craze while in the new century.

Traditional h2o furnish pipe network is especially dominated by metal pipe, castiron pipe, concrete pipe and this sort of traditional content. From your middle of 20th century, just about every state worldwide popularly applies plastic pipe to replace conventional pipe. Plastic pipe develops quickly in recent two years and becomes soaring substance in developing trade. As is discovered, plastic pipe market advancement speed is roughly four times of pipe market average development pace, considerably larger than that of countrywide market in just about every region. Plastic pipe with each other with plastic extruder normally stored a lot large growth velocity. In developed nations, plastic pipe gets excellent enhancement and profitable application particularly in Europe. The Asian countries pipe market would acquire quickest in future.

PE pipe

In terms of earthquake resistance house, the cognition amid business personage is much unified. Pvc pipe extrusion line has exclusive versatility and fantastic scratch resistance functionality. It is conveniently movable, bending and interspersing. Inside the situation of laying pavement subside or dislocation, it does not quickly break and trigger harm. Its earthquake resistance residence is much great. In 1995 Japanese Kobe earthquake, the sole pipe didn’t cause significant destruction was PE gas pipe and water furnish pipe. It was also by way of these favorable aspects that it occupied crucial European pipe market place and have become American pipe products with quickest application quantity raise and highest development pace in lately years of yrs.

PVC pipe

When it comes to earthquake resistance residence of flexible joint PVC pipe, element of customers even now have some misunderstanding in cognition factor. They misunderstand that the product joint is same fragile with pipe products itself. Yet, associated knowledge reveals that plastic pipe with versatile joint also has significantly apparent earthquake resistance house. Because the similar with hardware fabric skeleton plastic enhanced many pipe in PE pipe, PVC pipe modified solution – PVC-M pipe has significantly changed a lot less earthquake resistance property in comparison with PVC-U.

PP-R pipe

PP-R pipe and pipe fitting could be the new style plastic pipe merchandise distribute and exploited in Europe in the conclusion of 80s or inside the early 90s very last century. Recently, it received substantially fast enhancement. The nations of significant usage amount involve Italy, Germany, Denmark, Turkey, Czech and etc. Which include which, Italy made use of about three million meters PP-R pipe, about occupying 22percent of European full volume and two third of national water offer pipe use quantity. In Germany, copper pipe, galvanized metal pipe yearly utilization amount lessened year by 12 months. Plastic pipe offered significantly speedy building velocity in developing consuming h2o and warm drinking water procedure, especially in software of inside room drainage pipe. Simply because PP-R has excellent warmth resistance and doesn’t generate poisonous content when staying burnt, it really is fully adopted in new architecture.

Currently, although new sort energy conservation developing material has industry desire, it develops by strolling with problem as a consequence of precise expense, current market restriction and technology barrier. Meanwhile, nevertheless new style energy saving substance has favorable aspects like higher technological know-how material, very low source usage, lengthy use lifetime, little atmosphere air pollution, while it doesn’t have higher cost compared to prevalent creating stuff, it does not have competing firms advantage through the aspect of industry price. Energy saving setting up product overmuch higher production charge helps make these new goods sale selling price hard to minimize and difficult to turn into marketplace preferred.

Plastic pipe attribute is the fact it has excellent broad application array. Almost all fields are implementing plastic pipe and new functionality; new desire is incessantly pushing new exploration. In every place plastic pipe marketplace is building fast and international plastic pipeline is additionally strengthening continuously. Lately, the analyze about plastic pipe R&D is quite a great deal. Which includes them, some very hot analyze just about every region presently researches and develops is critical. These analyze break through may bring good influence and improvement for plastic pipe next growth.

I am engaged in PE sheet extrusion line manufacturing for many years, in particular, specializes in manufacturing and research of the PET sheet machine.

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