NBS Agents >> Merchant Account Agent and ISO Programs

I am a small business owner in ILLINOIS and offer services to customers. I paid lot of fee for the credit cards merchant services and would like to offer a coupon for customer to pay with cash to receive special discount. How do I put them to the coupon. Can I add some thing like this?

Special Services: $24
CA$H price discount coupon. Not valid with other.

Is it legal in Illinois?

thank you!
Julie

Its legal. You can do it

I am an artist and do trade shows. I currently use a Nurit 3010 credit card swipe machine with a wireless merchant service. At my last show, another merchant told me that she thought there is now a product called a "cell phone dock" that would allow me to do credit card transactions with my cell phone. Normally these docks are for connecting your cell phone to your home or office wired phones. If this is true it would save me tremendous "$" as the merchant service is NOT cheap. Does anybody know if this would work?
bigboy: what in the world are you talking about?
chrisgalv : could you please explain why you don’t think it will work? My swipe machine will dial out using my phone line at home. Also, I have heard from another merchant that they are doing this…
Also, if this wont work, if somebody invents a gadget that will do this they will make a fortune! There are thousands of mobile merchants who are on systems like mine.

You will not be able use a cell phone dock on many networks for data applications including modems, fax machines and credit card terminals. The issue is that digital cellular networks compress the traffic that is passed over them so any advanced service applications will be degraded beyond use unless they specifically recognize and support the service. The service may work on an analog network, but these are very slow (and rarer every day).

There are new services that will work on a regular cellular network that are being launched, but as you can imagine, this will require $$$, too.

Have you considered a dial-pay account? This would require you to pay a slightly higher key-entered rate for each transaction instead of the lower swipe fee, but if you are paying as much as you imply for the wireless service, this should save you quite a bit of money. It would depend greatly on your average transaction and how many transactions you process.

If you have specific questions, contact me at jbordeaux@windriverfinancial.com or cal me at (920)-993-9433.

http://www.merchantcashadvance.com merchant credit card services, online payment processing, merchant cash advance, fast loan, unsecured small business loan.

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All of our buisness’ equiptment and vehicles have been financed without personal guarantor. We would like to accept credit cards for our services, but will not put our personal numbers on the contract.

Some merchant account providers will allow you to use alternative forms of guarantees in place of a personal guarantee. These options include:

1) A corporate resolution – your business provides documents (balance sheets, third party prepared financial statements) that shows the business is strong enough to guarantee itself

2) Provide a letter of credit – a letter of credit basically is a loan that your bank promises to give you at a future date. The catch is you don’t get to ask for it. The processing bank does, They can only invoke it if you owe them money and they are unable to get those funds from you. It is like an insurance policy.

3) A reserve – the processing bank will hold some of your funds in reserve to cover any exposure for loss they might have. 6 months or so after you close your account they give it all back to you. They may give it back sooner if you have processed for along time and shown to be a low risk merchant.

Keep in mind not all processors offer these alternative although most offer at least one of them.

An employee at my local Acura dealership (in Texas) apparently gave out my credit card information along with other customers’ credit card information to someone over the phone who claimed to be from the merchant card service. Someone tried to purchase $7200 on my credit card before I knew what was going on. I have filed a report with the local police but they apparently receive 40 new cases of financial fraud a day so nothing is really going on there. Is there anything I can do to spur the dealership thoroughly investigate the situation since it’s obvious where the information was supposedly leaked? I still am not a 100% that it wasn’t an inside job since I received a phone call from the Acura dealership from someone claiming to be from their accounting department and needed my security code before this all came to a head. Any help appreciated.
I also notified the credit card company and my account has been closed. However because no amount was actually lost they have closed the investigation.

what should be investigated is the fact that your fellow employee gave this information out. From the companies I’ve worked with, there was only ever one rule about sharing credit card information, especially over the phone, and it was to NEVER do it because of cases like this.

The best thing you can do is contact the FTC at 1-877-FTC-HELP (1-877-382-4357) or http://www.ftc.gov and let them know about what’s going on. They would be more inclined to investigate the potential fraudulent activities, and could likely recommend methods for your company to better secure customers proprietary information.

Call your credit card company and tell them you want to dispute a charge. They will likely temporarily remove the charge while they investigate on your behalf. You might have to write a letter to explain the details.

If they find your accusations are correct they will deal with the merchant and remove the charge permanently. If they find no basis to remove the charge, they will simply reinstate the charge on your account.

1. If someone stole other people’s credit card and make a purchase on a web site, and the victim filed a dispute with the credit card company, the website merchant will receive a chargeback. What should the merchant do to avoid this type chargeback record, especially the web site offers online services which is not tangible goods?

2. Even the merchant proved that this is someone else’s fraudulent transaction, will the fraudulent transaction amount counted toward the charegeback amount in the merchant’s merchant account? Who will suffer as a victim here – the merchant service bank or the merchant or the credit card issuer? It doesn’t make sense to hold the merchant responsible for the fraud since this is an online transaction and there is no way the merchant can prevent this, especially the fraudulent transaction has the correct 3-digit or 4-digit number and correct street address.

3. what should you do? report to the police and get the police to catch those people?

The merchant can protect themselves by making sure that the name and address on the card match exactly the address the sale is going to; don’t ship to third party addresses, and make it clear on your site that you won’t. I’ve bought online before from sites that follow the above rules – no problem; a bit of a pain for gifts, but hey, it is more secure.

If you must accept third party addresses, then you might want to set up a manual verification system for those transactions.

In Segment 1 of “Merchant Services 101″ A Guide to Credit Card Processing, Sean Murphy of Process for Less discusses what a Merchant Account is and how your business can benefit from Credit Card Processing.

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hey guys i need some help in deciding a merchant + gateway for my ecommerce website. I have googled alot and came down to 2 companies that i think are OK. Please help me decide which one is better or if you have had experince with these companies please share your openion. These are the rates i have been offered.
—————–
BOA merchant services:
US visa/master/disvry : 2.10% + 0.20 per trans
US visa/master debit cards : 1.85% + 0.20 per trans
US visa/master/disvry reward or corp cards: 3.10% + 0.20 per trans
amex : 3.50 + 0.20
international visa/master: 3.2% + 0.20
chargeback $15
monthly fee $20
3 years contract
visa/master yearly fee $38
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ECHO MERCHANTS
US visa/master 2.25% + 0.30 per trans (same rate for debit visa)
US visa/master/reward or corp cards: 2.33% + 0.30 per trans
amex : 3.25%
disvry : 2.22% + 0.10
international visa/master: 2.94% + 0.30
chargeback $5 ( very low chargeback fee)
monthly fee $10
3 years contract

Echo Merchants. I found interesting information about your answer & credit card options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/chase-credit-cards.htmlGood luck!

http://www.MasterListBuilder.us

Merchant accounts are the sizable charm to achieve success and make money online.

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