10. November 2014 · Comments Off · Categories: Technology

Providing customers with the lowest possible rates and a lot of savings is the primary aim of most host merchant services. Information on how the different merchant services operate, areas wherein hidden fees are charged, transactions that involve money transfer, you’ll gain an improved insight on the entire procedure of credit card processing. The fees drawn on each transaction is explained well when you follow a step-by-step approach.

At times, customers tend to feel that they aren’t enjoying the best deals with theircredit card processing services. The things that make them anxious include statements depicting inexplicable percentages associated with things besides other hidden charges. When it comes to hidden fees, the best merchant services try to maintain transparency and offer a guarantee of lowest pricing for their merchant clients.

A few quick steps may help you understand how the money is achieved upon swiping your credit card:

  1. Suppose, the customer enters a merchandise store.
  2. Merchandise worth $10 is purchased by the customer.
  3. Merchandise gets paid for once the Equinox Payments Terminal processes his payment after his credit card is swiped.
  4. The actual customer is identified by the card reader. The credit card issuing bank is then contacted.
  5. The merchant’s bank receives $10 from the bank of the customer.
  6. The merchant’s bank account receives $9.80 from the merchant’s bank.
  7. From the $10, a 2% fee worth $0.20 is deducted and credited to the bank of the customer.
  8. The amount of $0.20 is shared between the credit card company and the customer’s bank. The deal over how much amount Visa and the bank are supposed to share is negotiated between them. In addition, an annual fee is charged by the banks to MasterCard and Visa for being involved in their network.

There are 3 good ways in which the credit card companies earn money. Let’s check out a few of these ways:

1)      Fees for accounts getting past due, fees for drawing over limit and the yearly fees are the common charges to be deducted by the credit card companies.

2)      In case the card balance is not paid entirely, the credit card company is supposed to earn by way of revolving loan interests.

3)      Advertisements sold with your billing statement (every month) and your name being givento some mailing list provides ancillary avenues of making money to the card issuer.

You’ll find it easier to stick to a budget when you identify the overspending areas. An audit involving such credit card processing presents a vivid picture in front of you. Thereafter, you’ll be able to utilize your credit card in a better way!

13. September 2014 · Comments Off · Categories: Technology

High Risk Merchant Services: Not so Easy After All

As you have probably discovered by now, setting up a high risk business is not an easy process. In addition to the normal precautions of setting up a “regular” business, you have to convince investors that your business plan will work despite the odds. Next, you have to assemble the proper business team, which will help to ensure this success. Perhaps hardest of all, you must then find a way to obtain high risk merchant services without paying an arm and a leg.

High risk industries like: law firms, adult entertainment companies, online gambling, credit repair, etc. often offer some great profit potential, but there is always an inherent risk associated with that profit. When you seek out a merchant service provider, you will find that many of the traditional services will simply turn you away, completely unwilling to work with a business in the high risk category. No matter how solid your business plan is or how great the outlook might be, there is simply no desire for many of these companies to get involved in a high risk business venture.

Exploiting the Extra Risk

For most high risk merchant services, the companies look at your position as a way to squeeze as much money out of you as possible. The truth is that these businesses are classified as high risk for a reason, which means that many of them will not survive. With that in mind, the merchant providers look to take as much money as they can while the new business is still around. In effect, these extra rates make it even more difficult for the high risk business to succeed, and ultimately these companies are hurting themselves as much as the business they are providing the high risk merchant services for.

The Alternative for High Risk Businesses

Instead of simply signing up with the first company that accepts you, it can pay off to look further into high risk merchant services. Fortunately for new business owners in these categories, there are companies out there that look to provide these services without the outrageous fees. Companies like USA Bancard understand that by offering overly-reasonable fees and outstanding support to their high risk merchants, they give everyone a better chance to succeed. In doing so, your high risk business can keep more of the profits and therefore stay afloat longer, thus benefitting everyone.

22. August 2014 · Comments Off · Categories: Technology

We all think on different factors before making a deal on any home product. The major deciding factor is how much will our pocket permit and accordingly the choice can be narrowed down.

For bath products, there should not be any compromise on baby products. Organic products are the best for the new born and are available online as well.  You should always check for the authentication watermark before any final purchase. Even for the grown-ups, one should not take much chance with the bath products as they react differently with the skin.

Outdoor lightings are generally used for the beautification of the residence. However, the safety and security also needs to be maintained. The lights must be fixed properly so that they do not trip or fall. Also, the electrical points should not be left unattended and must be coordinated with the main electric point of the house. Also, the bulb should be properly aimed to the direction where you need to reflect the light. Too much of light can cause glare or spoil the integrity of the residence. The colour, intensity and contrast of the outdoor lightning should be thoroughly checked along with the light shade before installing it.

Ceiling products are generally the fans and the chandelier lightings which should be fixed with the proper wires to avoid any short circuits. Also, they need to be screwed with the ceiling to avoid it from falling as it moves. The wires should be properly insulated for further safety.

Saving on your next purchase

The next time you can get your own home product for an amazing price with the help of coupon sites like AntiRetailHome.com. You can get discounts like Up To 70% Off – Kitchen Storage and you can get your favorite furniture under $300.