What else can we say other than we will save you money
have only been in biz for 50 yrs; what
is a merchant processing rep?
have been teaching college biz for
decades; this is a slang term or
a mis-used term somewhere.
Maybe you mean credit card processor?
I have a business in the service industry that I recently got credit card services. What do you think of these sign up and monthly fees?
$100 sign up
$10 per month
$2.5ish%
$25 monthly minimum. I just discovered what the hell that means, and they (CC services) wants you to think it’s only $25 you have to process.
I was sort of lied to by the people who signed me up. When I asked what that minimum monthly they said it didn’t apply and got me to focus only on the $10 per month. I’m a little pissed and feel deceived. Nevertheless I’m stuck on a contract, but I would like to know if these fees are reasonable. Btw, I had no idea accepting credit cards costs the merchant so much.
meant to say 2.5ish% per transaction.
Actually, those look pretty typical. I’ve seen some as high as 4% per transaction. The $25 minimum for low volume is also typical.
Yes, credit cards cost the merchant. Most consumers don’t realize this. When I set up our Homeowner’s Association to accept credit/debit cards, I used Pay Pal because they have no minimums, just a straight percentage per transaction and no other fees at all. However, a web based solution may not work for your business.
1. My mum removed old vinyl flooring that had been covered with our tiles to put down new tiles in the kitchen. We didn’t really know about asbestos till after and this is an old house (built in the 50s). I walked around in the room for a day and even prepared a meal in there, before we found out and had the floor sealed and wiped all the surfaces down. We phoned the enviromental health people and they said those tiles may have had a very low level of asbestos, but I’m worried about the adhesive that was used too.
2. I was asked to scrape some old sticky-tape off a wall at work in a cleaning cupboard. I noticed the wall next to it (a corner support) had an asbestos warning sticker on it so I told my boss. He said it was just the wall with the sticker and i had nothing to worry about, so I carried on scraping, bits of paint flaking off as I went. It was only when I got home I read that the type likely used on structural supports is the spray coating (most dangerous) and that it has often splashed onto surrounding walls during construction. I am now kind of terrified. It was just the paint that was flaking off, and I know that the room had been painted many times since the 80’s, but I think there’s still a risk.
I’m a worry-merchant by nature and I’m scared I’ll spend the rest of my life worried about these two events. Am I likely to get an asbestos related disease like cancer?
ps I don’t smoke
Any exposure to asbestos fibres presents a theoretical risk and is therefore best avoided so far as possible. But based on what you have said I would consider the risk was very low.
Hope this puts your mind at ease.
i got info, but need to know if anyone uses this service? we are starting up a business and need help in setting up our credit card machines…..i contacted them, but it sounded to good to be true! if anyone knows of any legit companies ……….please let me know!
When I first started my business I chose Costco merchant services but it turned into a nightmare after I found out they sold my account to a different company and my rates skyrocketed. They made me pay a cancellation fee too, I was so upset I switched a few times and am now with North American Bancard. The customer service agents are really friendly and honest. When I received my statement everything was exactly what they quoted me. Solicitors call me everyday and they try to beat the rates I have but give up after I tell them what I pay.
I work for a company that sells household product over the phone. We need a new merchant account. We where shutdown from our prior due to they did not support our type of business. Does anybody have a recommended solutions? I have looked into off shore processing but haven’t gotten very far. Just looking for some ideas, or a sales agent that can help. Thank you – Mike
Costco
Third party and not a merchant account.
There are no such things that are legal in the US for private entities.
You cannot accept credit cards without being a merchant, and having a merchant ID.
If that werent the case, then the local druggie on the street corner could set up a way to take credit cards for his dope, and then launder the money as if it were made legitimately…
Citizen Group of companies is a young and dynamic media company, with a youthful and enthusiastic team determined to accomplish the vision of becoming a World-class Indian Publishing & Online Media.
Citizensindia.com is a leading structured local search, directory and media company that connects consumers and merchants through trusted content, local expertise and user-friendly tools. By delivering trusted content citizensindia.com empowers users to make easy decisions about where to spend their time and money.
Our business philosophy is based on four core values:
Customer Focus
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Product Leadership and
People.
We believe that the ultimate identity and success of our company will reside in the exceptional quality of our people and their extraordinary efforts. For this reason, we are committed to hiring, developing, motivating and retaining the best people in the industry.
Our mission is to be World-class Indian Publishing & Online Media benchmarking ourselves against international standards and best practices in terms of product offerings, technology, service levels, risk management and audit & compliance. The objective is to build sound customer base across distinct businesses so as to be a preferred Yellow Pages & Call Centre Services for target retail and wholesale customer segments, Professionals, Industries & Other Small & Medium enterprises so as to achieve a healthy growth in profitability, consistently & business in crores. We are committed to do this while ensuring the highest levels of ethical standards, professional integrity, corporate governance and regulatory compliance.
Our business strategy emphasizes the following :-
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COMPANY PROFILE
Citizen Group of Companies
•Citizen Infoline Ltd.
•Inception: 1994 & 1996.
PROMOTER DIRECTORS
Mr. O. P. Jain & Mr. T. S. Jain.
The Promoters of Citizen Group Mr. O. P. Jain & Mr. T. S. Jain were initially involved in Textile business and later diverted their business to Finance and Investment sector.
The Promoters have formed a company called "Citizen Securities Limited" in year 1994 for the finance and investment business and came out with a Public issue aggregating Rs. 322 Lacs in year 1995 which was oversubscribed by 108 times. Further in year 1996 they constituted another company named "Citizen Amusement & Organizers Ltd" for real estate business.
Later in year 1997 the Group has diversified its business in to "INFORMATION TECHNOLOGY" in association with A & M Communication Pvt. Ltd. and has launched Tele Information Service on Telephone no. 211 2222 in Ahmedabad city. The revolutionary concept that has changed the way people buy Products & Services.
After detail research & exploration in the field of advertising and communication, The group has launched first of it’s kind Yellow Pages with two additional features for the first time in India with the brand name of "Citizen’s Yellow Pages" having assistance of Call Centre and inbuilt Telephone Diary in year 2001.
These two new !! features in the field of Yellow Pages added by Citizen group has made the Yellow Pages more frequently used and covered lots of negative points and limitation the print media. It’s the one and only Yellow Pages in India with online help. The Yellow Pages is having backup of Call Centre which helps it’s users to find any Products or Services from The Yellow Pages and the inbuilt Telephone diary in the Yellow Pages make the Yellow Pages frequently used, that is how the advertisers of Yellow Pages gets more business compare to other Yellow Pages.
Subsequent to this features company started first of its kind Yellow Pages website with the help of which user started getting information of products and services online. Addition to this was the customers display advertisement available online which helped them to generate more business.
The company has started its first branch from Ahmedabad city and after getting great success of the unique Yellow Pages and iNFOLINE Services in Ahmedabad, The company has started branches in others cities i.e. Mumbai, Chennai , Pune, Vadodara, Surat & Rajkot .
FUTURE EXPANSION PLANS:
The company is highly optimistic about its future expansion of business and planning to start branches of Yellow Pages and iNFOLINE Services in all Metro and other big cities of
find an online translator, because no one will be willing to translate that for you word for word.
credit card company
No. There is no company just called "Merchant Services". It is not possible to register that name for a business as it is the name of the industry. It’s just like a company cannot call itself "Laundromat" or "Restaurant".
I think its 1% to 5% that a credit card company makes from the merchant when I use my credit card.
True or False?
Higher or Lower?
Will the new laws that are trying to get passed lower this?
I know credit card companies make billions in profits from merchants like walmart in credit card processing fees.
The people that really make the credit cards happy are the ones that charge everything under the sun on the card – charging up possible 1,000 a month easily and pay in full
By reducing the merchant fees, will credit cards not like those customers anymore since it will be less profit from them.?
I can ask tough questions and always get amazing answers. Thank you so far.
you are somewhat incorrect.
merchant fees are negotiable. they usually involve a fixed amount per transaction plus a percentage. high volume merchants, like walmart, can negotiate lower fees. fees also tend to be lower for debit cards used in debit mode(enter your pin instead of sign).
credit card companies(mostly banks) absolutely hate people who pay off their balances in full every month, like me. as they get no chance for any additional interest earnings when i fail to carry a balance.
I need a merchant account to process credit cards online, can I open one online?
It’s easy to open a merchant account online. There are many merchant account providers that will let you process credit cards online. PayPal is a popular choice.
But if you need more features that require a true merchant account, I’ve found this one below to be quite helpful in getting setup .. http://www.ElectronicTransferService.com .. it’s pretty fast to get setup and their fees are very reasonable.
You also get a free merchant account when you setup your payment gateway through them.
Hope that helps!