NBS Agents >> Merchant Account Agent and ISO Programs

1. Spanish injustice against Native Americans included
A.the practice of indigenous religion.
B.the destruction of native temples.
C.forced conversion to Christianity.
D.forced labor and the confiscation of land.

2. The first circumnavigation of the world was completed by the crew of
A.Vasco da Gama.
B.Pizarro.
C.Columbus.
D.Magellan.

3. Cortes’s expeditions were motivated primarily by the desire
A.to place Mexico under Portuguese rule.
B.to control the spice trade.
C.for gold.
D.to find sources of slave labor.

4. England was declared a commonwealth after the defeat of
A.Oliver Cromwell.
B.Charles I.
C.Charles II.
D.George II.

5. The French and Indian War involved disputes over
A.land claims and fur-trading rights.
B.smuggling and shipbuilding in colonial ports.
C.French adherence to the Navigation Acts.
D.the right to tax Canadian colonists.

6. The policy of summoning civilian men into military service is
A.conscription.
B.scorched-earth.
C.coup d’etat.
D.feudalism.

7. The Declaration of the Rights of Man guaranteed all of the following EXCEPT
A.freedom of speech.
B.equal rights for women.
C.freedom of religion.
D.protection against arbitrary arrest.

8. One of the National Assembly’s most important reforms was to
A.lower taxes on the nobility.
B.abolish feudal dues.
C.restore absolute monarchy.
D.raise taxes on the artisans.

9. Before the revolution, members of the Third Estate had
A.a smaller tax burden than the other estates.
B.a voice in government equal to that of the First and Second Estates.
C.greater political influence than the clergy.
D.a high tax burden and little political power.

10. A major factor in Napoleon’s failure to defeat Russia was
A.the harsh Russian winter.
B.Russian naval supremacy.
C.the opposition of the Catholic Church.
D.the Continental System.

11. Pedro Alvares Cabral’s defeat of the Arab fleet helped to establish
A.Portuguese control of the Indian Ocean.
B.Spanish dominance in South America.
C.Spanish control of the Spice Islands.
D.the spread of Christianity in the Americas.

12. The formation of joint-stock companies allowed private investors to
A.make government-chartered banks obsolete.
B.share the risks and profits of an undertaking.
C.obtain church support for voyages of exploration.
D.use coins as a medium of exchange.

13. By 1650, the population of Europe had reached about
A.20 million.
B.50 million.
C.55 million.
D.100 million.

14. The European class that benefited most from the economic expansion of the Commercial Revolution was the
A.peasantry.
B.nobility.
C.merchant class.
D.clergy.

15. In the West Indies, Columbus believed that he had discovered
A.a "New World."
B.Asian islands off the coast of India.
C.the Northwest passage.
D.Australia.

16. A rebellion of enslaved Africans led to the proclamation in 1804 of an independent
A.Brazil.
B.Bahamas.
C.Haiti.
D.Peru.

17. The greatest increase in trade during the 1600s took place in
A.countries bordering the Atlantic Ocean.
B.countries bordering the Mediterranean Sea.
C.Germany and Italy.
D.countries along the overland trade routes to Asia.

18. The first European country to explore the Atlantic in search of a sea route to Asia was
A.England.
B.Spain.
C.Portugal.
D.the Netherlands.

19. Through the 1500s, merchants raised the money for overseas ventures primarily from
A.banking families.
B.government-chartered banks.
C.individual entrepreneurs.
D.feudal lords.

20. The Act of Union in 1707 united
A.England and Ireland.
B.the House of Stuart with the House of Hanover.
C.England and Scotland.
D.France and Scotland.

SHORT ANSWER:

21. Critical Thinking Describe the expedition of Ferdinand Magellan. Who sponsored his voyage? What did it prove?

22. Critical Thinking Describe the class structure of prerevolutionary French society

1. Well all of those seem to work, but A) the practice of indigenous religion seems more consistent.
2. Magellan- his crew finished for him that is.
3.lust for gold
4. Charles I
5. A. land claims and fur-trading rights
6. A. conscription.
7. B. equal rights for women.
8. B. abolish feudal dues.
9. D. a high tax burden and little political power. (I believe this is it because they were considered useless to the then King.)
10. A. the harsh Russian winter.
11. A. Portuguese control of the Indian Ocean. (On his second voyage to India in 1502, the new "Admiral of the Indian Ocean" led 20 ships against rival Arab traders and secured military supremacy in Calicut and Goa)
12. n/a
13. D. 100 million. (though thats when it started to decline as well.)
14. C. merchant class
15. B. Asian islands off the coast of India.
16. C. Haiti
17. A. countries bordering the Atlantic Ocean.
18. C. Portugal.
19. I thought that was joint-stock companies, so I guess its B. banks
20. C. England and Scotland.

Online or brick n mortar?

Online the cheapest I’ve seen is Google Checkout, but to get the best rates you need to be high volume.

Brick n mortar varies, but you usually get much better rates with a swiped transaction compared to an online transaction. Usually, your areas largest bank will have the best deal. Chasepaymentech, for example, has good rates for swiped transactions.

Best way to lower your fees is to force/require debit card use, as debit transactions are the cheapest.

What is the best merchant account servive? I need a cheap one. One that has their own shopping basket. The more features they have the better. I need this to accept credit cards online for my software website.

I use paypal, it’s free to sign up accepts tons of methods, and charges very little fee per transaction. Comes with all the features you want too.

I just started my internet business and am accepting payments through paypal, but I need more features than paypal can provide me with, like one time offers and such, so I will need to get a merchant account and start accepting payments that way.

Can anyone help me find out more about how to choose one?

Hi.

Choosing a credit card processor requires a little bit of research that you can do online for free. I’ve been there so I know what you are going through.

I started with paypal too but quickly realized that I needed more features. That’s when I decided to open a merchant account and accept credit cards through a payment gateway.

During my research, I came across http://www.electronictransferservice.com and was able to learn so much about merchant account and credit card processing. I was even able to call them up and talk to a live person.

Now I’m not recommending you sign up with them, but the information on their site is definitely worth reading over, especially their FAQ page.

For example, one of the biggest things you need to keep in mind when picking a credit card processor are the fees.

You have to watch out as some companies have hidden fees and they can add up pretty quickly.

And that’s just one of the things, there are many more details that you’ll have to learn about.

I actually went with another company but the information I learned prior to choosing one proved to be very valuable.

Hope that helps point you in the right direction.

Good luck!

I dont trust paypal, i have bad experience with them even though their comission was reasonably low.

Do you want good, or do you want cheap……?

There are a whole host of ‘good’ providers out there, but they all offer a wide range of stuff for their charges. You need to shop around for what works for the specifics of your business.

I’m starting my own online business and need to process credit cards. I’m familiar with paypal and clickbank but would like to see if getting a merchant account with credit card processing features be a better fit for my business.

However, I know that many banks do not like internet businesses, so is there a company that specializes in this type of accounts?

Hi. I agree that local banks aren’t too fond of giving individuals doing internet business a merchant account with credit card processing features.

I know, I’ve been there. That’s why I went with paypal when I started my online ventures.

But there comes a point in time when your sales will eventually be large enough to make you want to go with your own merchant account credit card processing.

But it’s not a step that should be taken lightly. There are many things to watch out for and you have to be well informed before choosing a company to go with.

For my company, when it was time to take the leap, I first searched online, like google and yahoo, and found a few companies that had great features, and some offered free merchant accounts.

One in particular is http://www.electronictransferservice.com .. now I’m not recommending that you go with their service, but at this website, I found a lot of information on credit card processing and companies that provide the service.

You should check out their FAQ page, it’s filled with tons of useful information. Another good thing is you can call them and ask questions and get answers from a real live person. That really helped me learn how all this stuff works.

I eventually went with another company, but at least I had the information I needed so I was able to make the best choice for my business. You will have to look into it yourself and figure out what kind of features you want and need.

But one of the main things is fees. You will want to make sure that you don’t get charged excessively, and that is one of the things you will have to make sure you know about, because there’s a lot of fees involved.

But with the right amount of effort and time that you put into your search for the right company, you should have no problems finding one that fits your internet business.

Hope this helps.

Good luck.

We own a small pizzeria and are looking for a merchant account to accept credit cards. I went to our local bank and they gave me some information. I have an appointment with the serv agent tomorrow to discuss our possibilities. Any information I should look closely at? or any important questions I should ask?

Indeed there are some very important questions you should ask, assuming you haven’t already had the meeting… choosing a payment provider to accept credit cards is very important as I’m sure your aware, and signing up with a local bank can be great, although is typically more expensive.

Questions to ask:

1. What are your rates going to be, on swiped cards, over the phone, and etc.
A. Ask about gateway fee’s, service fee’s, equipment fee’s and etc.
Merchant providers like to charge people for tons of little fee’s that can add up to hundreds per month.

2. Ask them how and when your batch will be settled. For instance will they pay you every 2-3 days, will it be at the end of the week/month? And will they have a rolling reserve (Hold 10-30% of your profits in reserve for chargebacks/refunds and etc.)

3. What are your processing terms, and how do you handle chargebacks and refunds?
Chargebacks can be a huge risk for any business, if people are disputing credit card charges it really cuts into your profits. Most providers handle them differently, and it’s good to know exactly what your going to be paying per-chargeback, and how you can fight the chargeback if the transaction was valid or if someone used a stolen credit card.

PS. In retail chargebacks usually aren’t such a big deal, however when accepting payments via phone and internet it’s much more common.

Well hopefully I didn’t overwhelm you with information, as a business owner myself I find it extremely important to educate others and make sure others don’t have the same problems I did initially. Accepting credit cards is exciting for your business, however it can also be very dangerous.

If your looking for other solutions I would definitely check around before committing to your local bank.

I can personally recommend Prosper Merchant Services ( http://www.prosperms.com ) and if you want a big time processor Merchant Express (http://www.merchantexpress.com/) are great but won’t provide very good service and won’t get to know you on a first name basis.

Best of luck to you, I hope everything works out and my advice was useful.

I’m starting an internet business and will need to accept credit card payments. Should I use something like paypal or should I just get my own merchant account and payment gateway? From my initial testing, my sales look very promising and I’m expecting a lot of business.

Hi. I had the same decision to make when I was starting my online business so I know what problems you are facing.

At first I used paypal, but then my sales were increasing very quickly and I knew I needed to switch to a merchant account/payment gateway setup to handle the larger volume.

I came across this website, http://www.electronictransferservice.com and they really helped me learn a lot. There’s plenty of information on their pages and I discovered so much about how all this works with processing credit cards. Their FAQ section is definitely worth a look.

I’m not recommending you sign up with them in anyway, but I did contact them and was able to get all my questions about merchant credit card processing answered from a real live person. That was pretty cool.

I eventually went with a different company, but at least I was armed with much more knowledge than when I first started.

I’m thankful to say that my business and sales have been doing well and making the switch was, to me, a good choice. You’ll have to determine for yourself if and when you will make the switch.

One thing though, if your volume of sales is not enough to cover the costs of processing fees, then I would go with paypal and just wait till it does.

Hope that helps and good luck!

what is the best solution for webhosting/ecommerce when it comes to starting an online business.

right now i have an account with host-gator. I tried the whole yahoo stores/ebay stores {prostores} and hate the generic templates along with the monthly fee for using them. I just want to install my own shopping cart, from my knowledge i gained so far i like zencart and oscommerce, maybe cubecart.

but if someone has a guide for webhosting it would be great or a checklist, heres what i need to know, plus any additional information you would like to give.

best site for web hosting/ecommerce, using "host gator" right now.

best merchant solutions along with best shopping cart.

anything else i need to know?

Here’s about 100.000 pages about it:
http://www.google.com/search?hl=en&source=hp&ie=ISO-8859-1&q=best+merchant+solutions+along+with+best+shopping+cart.&btnG=Google+Search

I need to open a merchant account for my business to process credit cards, which ones out there have good rates? I’m looking for a company that has good customer service too.

Hi. I’m looking for a good credit card processing service myself but everyone I’ve talked to says to just go with paypal, 2checkout or clickbank because of all the fees of using a merchant account.

I found http://www.merchantaccountbasics.com and it has a lot of info on fees and other stuff so I think it’s worth taking a look, I know I learned a lot from it.

Anyway, I’m gonna stick with paypal for now and wait till my business grows big enough to support using my merchant account for processing credit cards.

Good luck, hope that helps.