NBS Agents >> Merchant Account Agent and ISO Programs

If I process credit card payments using PayPal Merchant services, do I still need to get a manual imprinter and plate so I can keep a record of the transaction or do all disputes go to PayPal and that’s that ?

You definitely want to have one as it dramatically increases your chances of wining a dispute. It proves that the customer was present which reduces their opportunity to claim a variety of reasons for the dispute. Plus, if you lose your dispute with Paypal, you can still challenge them in court and use it to prove the purchase was legitimate.

i want to join 10+2 indian navy technical scheme as a permanent comm. officer but i am planning for joining merchant navy also after my 20 years of service in indian navy , is there any career option in merchant navy at the age of aprox. 40?

I would hope so, but not in the American merchant fleet. The unions in America have destroyed our merchant fleet by demanding higher than is necessary union wages. Americas union fleet is almost non existent thanks to the unions and their comrades in government. A really sad situation. You can thank the left wing liberal socialist democrats for the demise of our merchant fleet.

When a merchant charges a service charge, credit card fee or a surcharge for the use of a credit card does this charge attract GST?

GST is applicable to all goods and services, including bank fees.

If you have a registered business and wish to accept credit cards (Visa, MasterCard, etc.) you need to contact companies like them to establish the merchant account with a bank for you. They also typically provide the software or credit card machine necessary to process the credit cards at your location or through your website.

Hi. What’s difference between merchant account and affiliate account in an affiliate program?

Can you describe each one? Thanks.

On a directory like Clickbank, a merchant account is held by the person who provides the product, like an eBook. And the Affiliate is the person who promotes the sale of that same eBook (or any other product) through Adwords, blogs, articles, etc.

I am planning on starting my own business and operating a kiosk at a mall setting. This is my first time starting a business and would like to know how to choose a merchant services provider so that i can accept credit/debit cards at my business. Any help is appreciated.

Normally your bank can with your corporate account. Bank of America charges a transaction fee of over 2.48 %+ on all transactions. Depending on what your business is, you may wish to visit http://ishopbuz.com, and click through Maverick Money Makers and LinkShare where you will have access to over 5000 fine merchants to sell products for: while earning commissions from sales generated from your business and/or Web site. You may also go to http://www.CCR.gov and register your company as a contractor (no charge) where government employees can make purchases from small businesses under $100,000., and, $5,000. (without having to have a requisition with their government credit cards online), which is accessed through your business phone/DSL line. FirstData.com may also assist you. I hope this helps you.

Opened account in July, small arts/crafts shows, have aquired more fees than agreed to. Terrible cust svc, want to send back & cancel lease. Co said "is NON-CANCELLABLE". 2 banks say "you can always get out of a lease" but didn’t offer guidelines. No $ for lawyer. Help

If you can prove that they are charging you something that you did not agree to then that would be a breech of contract on their part. Now if you do your research and find that they are not in the wrong then it will be hard for you to get out of the contract.

So I would suggest that you look at your contract very carefully and find their screw ups because they can’t refute those. The reason this process is so difficult is because when you give them the information about how much you make in sales and you sign that contract, you are guaranteeing that they will make a certain amount of money off of you.

And they are going to do what they have to, to get that money. Sorry you are going through this and I hope this helps.