How to take credit card payments
Accept credit card payments today. Accept debit card payments today. get cash to grow your business.
Categories: Accept Debit Cards Tags: Card, Credit, Payments, take
Turn your card hobby into a business
Turn your card hobby into a business
How to make money with card making
Turn your card hobby into a business
International Debit Card Parties
International Debit Card Parties
The international debit card continues to gain popularity and worldwide acceptance. As a matter of fact, many people now prefer using debit cards than credit cards as the former do not tempt the holder to make extravagant purchases. The advantages of using an international debit card may indeed outweigh those of the credit card but there are still some tricks that need to be understood to avoid making drastic mistakes with its use. Knowledge is the key to maximizing the benefits and minimizing the risks of using an international debit card.
A holder or someone wanting to be an international debit card holder should fully understand the process. Through knowledge only can one make wise decisions and avoid falling into scams that might hurt or even incapacitate you financially. So know all you can about international debit cards and the debit process and debit network before trying to become a holder. One thing not to be overlooked is the parties involved in the international debit card system.
International Debit Cardholder
The international debit card holder is the one authorized to hold a particular international debit card supported by an international debit card issuer, and registered to perform electronic purchase transactions. In layman’s terms, the cardholder is the one who owns and has possession of the international debit card.
Merchant
A merchant in the case of international debit cards is a seller of goods, services or information who is authorized and willing to accept international debit cards in payment for his goods, services and information. In an e-commerce sense, the merchant is a seller authorized to accept international debit cards through an electronic medium. A merchant may also be engaged in supplying electronic transaction services and electronic item delivery such as the transport of information.
Issuer
An issuer is a company or financial institution that provides international debit cards that support cyber transactions, thus issuers can also be called international debit card providers. Issuers are generally banks or savings and loan companies that issue magnetic strip payment cards. But there are also other companies who offer only the international debit cards and their partner bank provides the primary account. And the new ones are those that provide international debit cards along with a private freeze free offshore bank account.
Acquirer
An acquirer is a financial institution that processes international debit card payment transactions. Acquirers of cyberpayment cards like international debit cards must possess the necessary software and support technology and infrastructure to make certain the cyberpayments are executed ly and accurately.
Certification Authority
A certification authority is a government or private agency that creates and distributes certificates of accreditation to international debit cardholders, merchants, issuers and acquirers to serve as symbols of their legal right to participate in the international debit card network. Since these certificates are the very core of cyberpayment and debit network security it is vital the certification authorities are highly trusted. Strict checks and regular inspection to ensure that the strict guidelines set for these authoritative bodies are constantly being followed and the minimum required standards are being kept.
Knowledge of the basics is always the best firm of knowledge and knowing the fundamentals should always go first.
Get the 2-GetCash international debit card now and change the way you shop forever.
Categories: Accept Debit Cards Tags: Card, Debit, International, Parties
International Debit Cards Rule
International Debit Cards Rule
The international debit card is now the new authority in electronic payment transactions. It can be used for shopping, ATM transactions, cash withdrawals, and immediate banking. Around 80% of Americans now hold international debit cards and they now rival cash, checks and credit cards as the chief form of payment. With the international debit card, you are using your own money and not the issuer’s money.
International debit cards are also known as check cards. International debit cards look like credit cards or ATM cards, but act as cash or personal checks. International debit cards are said to be better than credit cards in the sense that they are a way of paying now and not paying later. When you use a debit card, your money is quickly debited from your checking or savings account.
International debit cards are accepted almost everywhere, including grocery stores, retail stores, gasoline stations, and restaurants. You can use your card in any establishment that has the brand name or logo of your card displayed. They are a better alternative to carrying cash or checks.
You might not even realize that you are already an international debit card holder. It has become common for banks to replace their standard ATM cards with upgraded ATM cards that have debit features. You may also receive via mail what you may think is a credit card but is actually an international debit card.
International Debit Card and Credit Card Compared
The main difference between international debit cards and credit cards are the same as the difference between debit and credit. Credit means add while debit means subtract. When you are using an international debit card the cost is deducted from your own bank account while when you are using a credit card you are adding to your liability to the issuer. Using an international debit card is just like having a quick transaction between you and the merchant.
When it comes to liability, one may say that credit cards are riskier as they tempt overspending that may lead to the holder having more debt than he can handle. The monthly fees are also quite hefty and material.
Things to Know About International Debit Cards
1. Obtaining a debit card is often easier than obtaining a credit card.
2. Using a debit card instead of writing checks saves you from showing identification or giving out personal information at the time of the transaction.
3. Using a debit card frees you from carrying cash or a checkbook.
4. Using a debit card means you no longer have to stock up on traveler’s checks or cash when you travel.
5. Debit cards may be more readily accepted by merchants than checks, especially in other states or countries wherever your card brand is accepted.
6. The debit card is a quick, “pay now” product, giving you no grace period.
7. Using a debit card may mean you have less protection than with a credit card purchase for items which are never delivered, are defective, or were misrepresented. But, as with credit cards, you may dispute unauthorized charges or other mistakes within 60 days. You should contact the card issuer if a problem cannot be resolved with the merchant.
8. Returning goods or canceling services purchased with a debit card is treated as if the purchase were made with cash or a check.
Get the 2-GetCash international debit card now. It is an offshore debit card that will provide you all the benefits of a debit card while at the same time keeping your money safe from being frozen.
After the wonderful and awesome response of the last music video, I decided 2 make another!!! This is to an older song I made, but I thought the beat would work w/wut I had in mind. The video’s still a little grainy and it will remain grainy until sum1 *hint hint* *nudge nudge* *wink wink* buys me a REAL camera (I’m using my laptop’s cam). However, I do accept paypal and ALL major credit/debit cards, lol 
. Hey you guys, I’m also movin 2 Mars next week, so if u have any boxes. . . haha, ok. Enjoy the video, subscribe, and share!!! Also, join my fan page on facebook @ www.facebook.com I’m actually a professional Actor (not a singer, yet). So if ur in the area, maybe u can come c me in a show 1 of these days. But u’ll have 2 join my fanpage for updates on them!!! THNX 4 WATCHING!!!
Categories: Accept Debit Cards Tags: Cards, Debit, International, Rule
How To Significantly Reduce Payment Processing Costs By Converting Debit-Card Customers To Direct-Debit Payments
How To Significantly Reduce Payment Processing Costs By Converting Debit-Card Customers To Direct-Debit Payments
It seems that banks are constantly coming up with new ways for us to pay bills and withdraw money. First there were paper checks, then credit cards, then ATM cards, then debit cards linked to bank accounts, and now ACH electronic funds transfers. Of course, with each new payment method comes a new set of fees passed on to account holders and merchants. The smart merchant will weigh the pros and cons of each method with regards to safety, accountability, and processing cost, and then design her business practices to maximize profits without compromising customer service.
This article will help merchants do this by comparing two very similar payment methods-debit card charges and bank account ACH direct-debits. It will explain how switching customers who pay with debit-cards to direct-debit transactions can significantly reduce merchant processing costs.
What is a Debit Card?
A debit card is a bank issued card that allows its user to access the funds in his account to pay for merchandise or services. A debit card acts like a credit card, and is often associated with a credit card brand such as VISA or MasterCard, with the difference being that funds are immediately deducted from the cardholders checking or savings accounts when a purchase is made.
What is Direct-Debit?
Direct debit is an easy way to deduct a payment directly from a customer’s bank account. It uses the premise of a paper check but takes it to the next level with electronic funds transfer. With direct debit, the need to write paper checks is completely eliminated. Your customer simply gives you permission to take funds directly out of his checking or savings account and transfer them to yours. Direct-debit is typically used for auto-recurring billing of regular transactions, such as a monthly rent payment, so that written permission to transfer funds is needed only once and customers no longer need to write checks every month. But, it can also be used with an Online Payment Gateway to enable your customers to purchase your products or pay their bills directly from a checking or savings account instead of with a credit card or debit card.
What are the differences between a Debit Card transaction and a Direct-Debit transaction?
Debit card transactions and direct debit transactions are at their core the same-each authorizes a transfer of money directly from the cardholder’s account to the merchant’s account. And, from the consumer’s standpoint they are exactly the same.
From the merchant’s standpoint however, they are very different. The transactions are processed through different networks, and the payment processing charges differ significantly.
Debit card transactions require the merchant to obtain a credit card merchant account and often to sign a long-term contract and pay a fee to open the account. Debit card transactions are processed through the same network as credit card transactions, and funds are deposited, less a commission (known as the “discount rate”), into a merchant account. The discount rate for debit-card purchases is typically lower than for credit card purchases (This is because the bank is taking less of a risk with a debit-card that deducts funds immediately from a bank account than with a credit card.), however there are some merchant processors that do not extend this discount to their clients. Typically, 2-3% of the transaction plus a 30 cent inquiry fee will be deducted from a debit-card payment and the balance will be deposited into the merchant’s account.
Direct-debit transactions use the Automated Clearing House (ACH) network to move funds from one bank account to another. Thus, you can use your regular business checking account for Direct-Debit transactions. You will need to sign a contract with a company authorized to manage these ACH transactions, but there is typically no long-term commitment. You will pay a fee for each direct-debit transaction you process-but it is typically a flat-fee that is not dependant upon the size of the transaction. (There are some companies that do charge a percentage based fee for direct-debit transactions-you should avoid these processors!). This fee is typically less than per transaction.
How much can merchants save with Direct-Debit Transactions?
Accepting direct-debit instead of debit-card transactions can generate significant savings for most transactions; with the rule of thumb being the larger the transaction amount the more the merchant saves. The following is a simple example using the PaySimple pricing structure:
Transaction Amount: 0
Cost to process via Debit Card (MOTO rate): .49 (.29 inquiry + 2.04% discount)
Cost to process via Direct-Debit: .55 flat
Total Savings per Transaction: .94
Total Monthly Savings (based on 250 transactions/month): ,485.00
Are there Drawbacks to Direct-Debit transactions?
The largest drawback for merchants accepting direct-debit payments is that unlike debit-card payments, you will not immediately know if there are sufficient funds in the customer’s account to cover the charge. With a direct-debit, you will get NSF notification in 24 hours (far better than the weeks it typically takes for a paper check processed by the bank). This can be a significant concern for merchants who are providing goods or one-time services at the time of payment. But, in the majority of cases, 24 hour notification is sufficient.
Another concern is that customers will not be comfortable with giving a merchant direct access to their bank accounts. However, that is essentially what they are doing with a debit card transaction. The problem truly is one of education not of security or of process. Fortunately, that is an easy problem to solve. ElectronicPayments.org is a fantastic website that provides a wealth of customer education materials. Your payment processing company may also offer free marketing and educational literature that can be distributed to your customers.
The Bottom Line
Direct-debit transactions are just as safe as or safer than debit card transactions. Direct-debit and debit card funds are deducted immediately from customer accounts. Direct-debit transactions are just as simple to perform as debit card transactions, and both can be used for auto recurring payments, online payments, phone payments, and point-of-purchase payments. But, processing direct-debit transactions is significantly less costly for merchants than processing debit card transactions.
Lisa Hephner, PaySimple Marketing Manager About ACH Direct-Debit Processing For assistance with converting your debit-card customers to direct-debit, contact PaySimple: 800-466-099
Article from articlesbase.com
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Categories: Accept Debit Cards Tags: converting, costs, Customers, DebitCard, DirectDebit, Payment, Payments, Processing, Reduce, Significantly
Reloadable Debit Cards Really are Clevercash
Reloadable Debit Cards Really are Clevercash
Just like ordinary gift cards, reloadable debit cards can provide anyone with a convenient way to make and receive payment. Basically, you load your debit card with funds from your bank savings account or credit card and then you are good to go. When your card balance is low, you can repeatedly load some more money to use it. You can use this type of card in places and establishments that accept such card. And recent figures estimate that there are over twenty million stores worldwide that accept this type of debit card.
Reloadable debit cards actually allow people to fill in most, if not all their basic financial needs. By allowing users, especially online shoppers, to have a usable card with no questions asked, debit cards can surely become the currency of the future. Not having a bank account or not having a good credit rating is not a problem if you apply for this type of debit card. And if you are a small company, you can even use this type of debit card to pay for your employees. This type of card payment option is really all about versatility and dependability, that’s why it is increasingly becoming popular.
Basically, reloadable debit cards are the same as ordinary prepaid cards. However, debit cards are often offered by reputable financial institutions and are accepted in most retail stores, online or otherwise. While it is true that you need to pay for your debit card application and some service charges, this type of payment card typically does not charge for interest. After all, the amount that you put into your debit card is your own money and not the financial institution’s. And if you really want to control your spending, you can even set a limit as to the number of transactions in which you can use your debit card.
Truly, if you are still carrying your paycheck in your pocket everyday, you are not cleverly using cutting edge payment option available to you. Also, if you are still bent on using cash every time you make a purchase, you are seriously limiting your buying options as almost all types of establishments nowadays accept electronic money. With reloadable debit cards like Clevercash.com, you can easily get approval without the hassles of credit background check. And because it is not a credit card, you do not pay interest nor receive monthly billing every month. Best of all, you can use it to shop online and buy products from all over the world without going over your budget.
Visit Clevercash to find out more about how reloadable debit cards can benefit you.
Categories: Accept Debit Cards Tags: Cards, Clevercash, Debit, Really, Reloadable
Getting Into College 101 – Easiest Way To Get Accepted To College
Getting Into College 101 – Easiest Way To Get Accepted To College
Getting Into College 101 is a simple step-by-step program that walks high school students through the exact steps they’ll need to easily and confidently apply and get accepted to the college or university of your choice.
Getting Into College 101 – Easiest Way To Get Accepted To College
Why You Should Cut Up Those Evil Debit Cards
Why You Should Cut Up Those Evil Debit Cards
I am so disgusted with those evil debit cards and this is a major lesson that ive learned the hard way, which is the various risks of using debit cards. So to make sure I didn’t overdraw my bank account, I checked my online bank statement. Since it had showed 0 in my checking account, I kind of felt that I could make a couple of small purchases a few days before I got my paycheck. So with me using my debit card, I had bought some groceries and some gas which had totaled to about .
Even though the balance in my account was what thought to be more than enough to cover the price of the stuff I bought, I had decided to check my account about ten days later, I had found out that Hellsfarlow had raped my account for 0 in overdraft fees.
I couldn’t figure out what was going on, I knew I had the money in the bank. I had checked my account online. But what I did not know is that these banks will put a pre-authorization hold on your checking account every time you make a purchase. In situations where the exact amount of the transaction isn’t taken from your account at the time of purchase, but it does make sense that a merchantw would want to reserve a little more to cover their transaction. Now think about if you gave your debit card to a waiter for a tip or you were at a gas station, where the merchantw is likely to wait for an approval of a higher amount after you used the card. Even car rental companies that accept debit cards routinely place holds in the amount of 0 to 0.
And where I got caught up at is when the pre-authorization hold the gas station put on my account resulted in overdrafts on at least 5 other small transactions even a cup of coffee and Im talking about a overdraft charge of 35 dollars on each transaction. I believe that Ive paid over ,000 in overdraft charges because of this corrupt bank and debit card conspiracy.
By not knowing whats going on with your account you can end up going deep into debt from using a debit card, and if banks don’t give you a warning when you’re going over, how would you know? And think about how many banks offer free checking when they intend to rape you for hundreds of dollars a month, so as of now I won’t touch a debit card anymore. Im using cash and money orders only.
These pre-authorization holds placed by the merchantws are just one of the factors that make it very difficult, if not impossible for a depositor to know their available account balance. It’s becoming more difficult to tell when a transaction hits an account and what is your current account balance. Please beware of the evil debit card as I know what damages can be caused to your finances from my own personal experiences.
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Payment Processing: Accepting Debit and Credit Cards
Payment Processing: Accepting Debit and Credit Cards
Running a business – whether online or retail – means being able to process your customers’ payments in a variety of ways. While many people will pay with cash, a large portion of your customer base will likely use their credit cards to make purchases. You need to be ready for them by having a way to process those transactions. What’s more, there is another challenge to think about when you’re looking for a payment processing solution: debit cards.
Debit cards are becoming increasingly popular for a couple of reasons. First, they allow your customers to avoid having to place new purchases on their credit cards. By doing so, they can elude the hefty interest rates that their credit card companies would otherwise apply to those purchases. Second, debit cards offer your customers an easy way to manage their personal finances. By allowing the payment for new purchases to be deducted immediately from their checking or savings account, they can more easily control their spending habits according to their budget.
As the use of debit cards continues to grow, you’ll need to be able to process payments that are made with them. Below, we’ll discuss the advantages of processing credit and debit cards and why both are critical to your business.
Advantages Of Accepting Credit Cards
Despite the fact that more people than ever before are using debit cards to pay for items, credit cards still dominate the market. That is, a larger portion of your customer base will still be motivated to use credit cards. Further, this trend will continue into the foreseable future. From the consumer’s perspective, credit cards have another advantage; protection. A federal law titled the Fair Credit Billing Act (FCBA) allows your customers to dispute fraudulent activity on their account. They have little liability in the event someone uses their credit card without their authorization.
Because millions of people continue to use credit cards to buy goods and services, you need to have a way to process those transactions.
Advantages Of Accepting Debit Cards
The main advantage of accepting debit cards is that more people are using them each day. There are a few reasons behind this trend. First, credit card companies have begun to pull back the amount of credit they offer their customers. When people are already near their limit, this effectively removes their ability to use their credit card. As a result, they often begin using their debit card for purchases.
Second, as mentioned, many people use their debit cards in order to easily balance their checking (or savings) account at the end of each month. The money for purchases is automatically taken from their account. When your customers review their bank statements, they can monitor their spending, balance their books and adjust their budgets, if necessary. As a merchant, this should encourage you have a merchant account that allows you to process debit card transactions. Over time, they’re likely to become a growing part of your business and your revenue stream.
Accepting Both To Build Your Business
It should be clear that it’s important for your business to accept both credit cards and debit cards for payment. Your customers will want to have the option of using both. In fact, some of your customers may only have a debit card. Fortunately, most banks have linked debit cards to the same network that facilitates credit card transactions. That means most merchant accounts will allow you to accept both easily. In other words, you won’t need to choose. As the tide slowly shifts from one card to the other, your payment processor will be able to adapt seamlessly.
This article is brought to you by PaySimple, a leading provider of merchant account services.
Categories: Accept Debit Cards Tags: Accepting, Cards, Credit, Debit, Payment, Processing
Debit Cards and Payment Processing
Debit Cards and Payment Processing
In order to accept credit card payments, merchants need to have a payment processing method available to them. Typically, this means having use of a merchant account. This allows the merchant to accept major credit cards such as Visa and Mastercard. The downside to having a merchant account is the wave of fees that are attached to every transaction. Depending upon the merchant account contract, these fees can dramatically reduce the profitability of a transaction.
Today, more consumers are using debit cards to purchase items. While many merchants know that accepting debit card transactions will lower their payment processing fees, they often fail to realize that there are different types of debit card transactions, each with different fees. Below, we’ll describe the difference between accepting debit cards and credit cards. You’ll also learn how you can lower your fees even further by accepting direct debit transactions.
Debit Card Versus Credit Card Processing
From the merchant’s point of view, there’s only 1 notable difference between accepting a debit card and a credit card for a transaction. While a credit card allows the customer to tap into a credit line, the debit card allows the merchant to withdraw money for payment directly from a customer’s bank account. The main benefit for the merchant is that processing a debit card transaction implies less risk for the bank. Therefore, the discount rate applied to the transaction is lower.
What Is A Direct Debit Transaction?
A direct debit transaction has the same result as a normal debit card transaction. The money is taken from the customer’s bank account and transferred to the merchant. However, the process through which this happens is different. Processing a debit card for payment must be done through the merchant account. These transactions follow the same stream through the network as transactions processed with a credit card.
By contrast, a direct debit payment goes through the Automated Clearing House (ACH) network. It’s transferred between banks. As long as a merchant has authorization to process ACH transactions, the direct debt can be performed through a business checking account.
Lowering Fees Through Direct Debit
Even though processing a debit card transaction through your merchant account will usually result in lower fees than a credit card transaction, you can lower your fees further. A normal debit card payment will typically have a discount rate of 2-3% attached. A direct debit payment carries a flat fee. Most of the time, it’s or less per transaction.
Here’s an example of how much you can save by accepting a direct debit payment. Assume a transaction is 0. Using your merchant account to process a debit card payment with a 2.25% discount rate, you would pay .50. Accepting a direct debit payment through the ACH network would cost (or less). If you complete 300 transactions per month of similar size, you could save over ,000 per month.
Getting Started With Direct Debit Payment Processing
Accepting direct debit transactions is simple. You should start by asking your bank if they can help you gain authorization for ACH payment processing. Unlike establishing a merchant account, you won’t be required to sign a long-term contract. You’ll likely be able to use your existing business checking account for processing the payments.
As a merchant, you will still need to maintain your merchant account to process credit card payments. But, for customers who wish to use their debit cards to purchase items, consider becoming authorized for ACH payment processing. It’s transparent to the customer and less-costly for you, the merchant.
This article is brought to you by PaySimple, a leading provider of merchant account services.
Categories: Accept Debit Cards Tags: Cards, Debit, Payment, Processing
