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Merchant Services

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Feb. 2, 2012

Matthew Binet and 8 other people answered this question

We need a high risk merchant account. What are your recommendations?

AMG High Risk Merchant Service specializes in providing merchant services to vacation rentals. Even so much that we have created a discount package for reputation management, which is something vacation rentals are in great need of. We have an office located in Orlando just for ... more

Finance

Financial Services

High Risk

Merchant Account

Jan. 11, 2012

Joseph Pandolfi answered this question

Will a merchant account provider permit a company to use a third party to process credit cards?

It does. I'll send the info, and look forward to hearing from you.

Customer Service

Finance

Contact Centers

Credit Card Processing

Oct. 27, 2011

Andrew Mosson and 2 other people answered this question

Chargeback fee vs. refund: what's the difference?

Refund: the merchant initiates the payment of money to the customer and the fees are typically similar to the fees on the original charge
Chargeback: the customer initiates payment of money by calling his credit card company. The fees are usually in the $15-25 range no ... more

Oct. 14, 2011

Jeff Ford and 1 other person answered this question

What Merchant Service Provider has the best rates?

Kelly brings up a very good point about the difficulty in just trying to determine the best processing rate without talking to a sales rep. I would say that best option is to get a bunch of quotes from processors for your business and compare ... more

Finance

Sales

Credit Card Services

Credit Card Transactions

2 more topics

Oct. 10, 2011

Michael Sprague selected a best answer for

What are reasonable fees for a bank to charge for a debit card transaction?

My wife and her sisters are opening a bakery in our small city and plan on getting a debit card swiper but question the fees the bank is charging ( about 25 per cent of sales). I do remember a story about businesses being able ... more

Oct. 10, 2011

Jeff Ford and 1 other person answered this question

Any tips on using a credit card machine for a small business?

I would look to get a few different quotes in order to get the best price possible and to avoid a scam like Gina mentioned. A processing company that has a fishy price will stick out, and you'll be able to find a fair market ... more

Finance

Information Technology

Small Business

Credit Card

2 more topics

Oct. 3, 2011

Andrew Mosson answered this question

What are the details of the Durbin Amendment that was attached to the Dodd-Frank Act?

It forces banks to charge reasonable interchange fees for debit cards.
Interchange fees are the fees that banks charge each other to allow for the exchange of money between the buyer's bank and the seller's bank - these fees are typically passed on to the ... more

Sept. 21, 2011

Another victim and 2 other people answered this question

What do you know about Elavon Merchant Services?

never sign in contract with this company. they take out money fraudulently and never care about even after complaints repeatedly. do not ever get stuck with contract. more

Finance

Merchant Services

Aug. 31, 2011

Chris Del Grande and 1 other person answered this question

How long does it take to open a merchant account?

There are many factors underwriters and risk managers consider when reviewing a merchant application for approval. In general merchants in retail, restaurant, medical and service businesses in brick and mortar industries can be approved in an average of 24-72 hours with those in less traditional ... more

Finance

Merchant Account Provider

Merchant Services

Merchant Solutions

July 13, 2011

Courtney Sato asked a question

How can SMBs ensure they select the most secure merchant service terminals?

Finance

Information Technology

Small Business

Merchant Services

2 more topics

May 27, 2011

Michael Schmier answered this question

Pros:Cons: Would you use your phone as your wallet? (Googe Wallet)

Good point about the battery. That would be a bummer.

May 18, 2011

Brian Phelps answered this question

What are the most important credit card features for you?

My top features are:
1. Interest rate, fees and limits
2. Bonuses, such as miles
3. Customer service

Finance

Credit Card

Finance and Accounting

Merchant Services

March 14, 2011

Aaron Dias-Melim and 1 other person answered this question

Has anyone used Square for their mobile purchases?

As an update, Square has removed the 15¢ fee on all swiped credit card transactions. Accept any card for 2.75%. What you see is what you pay.
Without teaser rates, monthly fees, hidden charges, and specific rates for rewards cards, American Express, and others, you ... more

Finance

Information Technology

Financial Services

Merchant Services

4 more topics

March 10, 2011

Halley Farrell selected a best answer for

Are there any other ways to build good credit besides paying credit card and loan bills on time?

What strategies—if any—would you suggest to someone trying to establish creditworthiness?

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