Showing posts with label Credit Card. Show all posts
Showing posts with label Credit Card. Show all posts

Sunday, November 16, 2014

Ways to Turn Your Smart Phones into Credit Card Readers

The latest advent of smart phones has inclusive feature of being a credit card reader at the same time. So aside from having a super cool mobile or gadget, you also have a unit which is highly functional. The capacity of the phone to accept credit card transactions anytime anywhere is one such a great leap towards modern banking and shopping. Now regardless of the show you own, or the type of business you are engaged in, you can now have the option for credit card payment. Anything were credit card payment is possible; it can now all be done via your smart phone. For instance, Credit Card Cincinnati can now be used elsewhere from the biggest shops around down to the smaller boutique you happen to step your feet on. 

Ways to Turn Your Smart Phones into Credit Card Readers

There surely as around a hundred online apps that can do payment processing, why would you search for it when you can have it all done using your own gadget and without having to go through strenuous downloading processes. Here are some of smart ways to turn your smart phones into credit card readers:
  • Square
This may be the smallest card reader in today’s market. It can easily just plug to the audio jack and you’re ready to do series of swiping right after. This works well with both iPhone and Android phones much to the relief of users of both operating systems.
  • Paypal
This is most probably the fastest in terms of processing online credit card payment. It has ready conversion system so you can pay through it wherever you are in the world. This specific card reader even accepts cheques, and not just credit card.
  • Payleven
This may be similar to the above yet what it is most distinguished with is its capacity to protect the user. It has a security feature which made it a little edgy compared to the other credit card readers.
  • PayAnywhere
This credit card reader was recently free though others must already have purchased this at a price. It can work on all types of smart devices with the varied operating systems such as Android, Apple, or Blackberry.
  • Swiff
This credit card reader is famous for the multi-factor authentication which adds up extra security among users although others find the process a little tricky. Online merchants who are organized enough get to use this service. 

The above option only takes one time free registration and from then on your smart phone is then your new card reader. These applications only accept credit cards as it requires expiry date and code to get you started. Safety has been maximized as you can also see your online transactions when you want to.

Helpful Tip

Now, prior to you going around boasting off your smart credit card reader, there is one thing that you should never forget. Consider the amount that requires online payment processing as it is likely you would need to prefer the traditional credit card payment transaction. You cannot simply process payments without considering what it will likely result to or how it will make you. The smart advancement of gadgets comes with risks, just as it comes with loads of ease and convenience. All these payment processing and credit card transactions had been made easy and accessible to the online public as the most recent wave of technology enables the once impossible features. This time, all your shopping, bill paying, and funds transfer no longer require actual visits to the concrete banks for settlement and processing.

Tuesday, April 22, 2014

Credit Card Processing: Watch Out for these Common Mistakes

Accepting credit card payments is a necessity and daily activity for business owners. While most small business owners don’t think much while choosing a payment processor, overlooking some very simple safety risks often proves to be a big mistake.

Credit Card Processing

These business owners often sign up immediately after receiving the first offer from a payment processor. Ultimately, various factors including a confusing price model makes them end up paying too much for credit card processing for their small businesses.

The most common issues these businesses face on a later stage, include stolen customer information, fines, revoke credit card privileges, and ultimately, lost revenue.

So, if you too are looking for a payment processor, there’re some common mistakes made by business owners that you should know about:

1. Getting into a Long Contract with Early Cancellation Fees

When you sign a processing agreement form, you agree to get into a binding contract with your processing company. Almost every big credit card processing brand has a fixed contract term. Though this duration may vary depending upon a lot of factors, most processing companies design their contracts to make maximum profit!

On an average, while a contract stretches three to five years, many good providers have month-to-month terms also. Most providers have an early termination fee that depends upon your monthly fee. For example, if you are signing up for a 3-year contract and want to terminate it after a year, you’ll have to pay for the next two years. So, it is always a better idea to find a credit card processor with month-to-month terms and no termination fees.

2. Making a Volume Commitment

Many credit card processing contracts involve a clause about volume commitments. According to this clause, you agree to process a fixed amount of dollars each month. In case are unable to complete your promised volume, you are most likely to face higher discount rates and other penalties.
Large enterprises often negotiate lower discount rates, but nearly all small and mid-sized businesses get hit by this practice. In order to prevent this from happening to you, you should carefully read all the clauses before signing up the contract.

3. Getting as Merchant Account from a Bank

Most small businesses want to save money by signing up for high risk merchant accounts through their banks, considering that they process payments themselves. In reality, however, the banks partner with payment processors doing underwriting and back-end processing. This makes you pay more than you should and besides, this allows the bank to take money through your processing as well as freeze your account. The best idea will be to go for a third-party high risk merchant account providers who can offer more economical deals.

4. Taking a Decision on the Only Basis of Price

Prices and rates isn’t the only consideration while choosing a credit card processor. You should also look for other facilities such as customer services, quick deposits, uptime and eCommerce features. Make sure your provider is offering mobile payments services, so that you can accept cards on a smartphone.

Consider comparing multiple credit card processors before deciding on any one. Remember, the cheapest may not always be the best!

Author Bio: Amslv.com provides high risk merchant account solutions to a wide range of e-commerce and mail order/telephone order merchants. We offer fast and easy approvals for bad credit merchant processing accounts and ACH.

Your Credit Card Statement Could Be Keeping You In Debt

If you take a close look at your credit card statement you can find information that you did not even know that the statement contained. You can find how much your total balance is, the date your payment is due, as well as being able to find out exactly how long it will take you to pay off the entire balance if you only pay the minimum amount due. This is a piece of information that has been newly added to the statement and most of us would rather not look at that. This ruins the belief that most people have that we can pay off the amount within a reasonable amount of time. Unfortunately the way banks operate these days it is to benefit them and not the actual consumer. This is how they make more money. By taking a close look at your credit card statements you will see how the bank traps you into staying in debt.

Credit Card Statement

Minimum Payments

Credit cards are not like any other bill you will receive. When you receive a different type of bill the amount that is due is the total amount of the bill. But credit cards are different. They allow for you only to pay a small percentage of the total amount and roll over the remaining balance with an interest charged to it. They do this because in the end you are going to end up owing much more than you did in the beginning.

Amount Of Available Credit

Other information that you can find on your credit card statement is how much available credit you have that can be used. Even though most of us can figure out this number by using a calculator the credit card company feels that they need to inform you in hopes that you will continue to spend freely on that credit card. Instead of saying this is how much I owe, you can instead say I can still spend this amount. The negative effect comes once you get you next billing statement and see the amount of interest that has been charged and the total amount you then owe.

Convenience Checks

The credit card companies have gotten sneaky with the way the give you access to your credit limit. The newest way is through convenience checks. These checks often come attached to your billing statement. You have the availability to use these checks for anything that you need to make a payment on. You can write a check just as you would from your traditional checking account. It is important that you read the fine print that comes with these checks. When you write the check and the lender cashes it the check is treated as a cash advance. Most credit card companies charge a higher amount of interest as well as additional fees for the use of a cash advance. Therefore the amount you are actually spending will by much more in the end.

Conclusion

Most financial professionals will tell you to pay your credit cards off every month when you receive the bill. This will save you money and will help to improve your credit score and credit history. Credit cards can be a great tool when used carefully and properly so spend wisely. For more information you can visit our website.

Wednesday, March 12, 2014

8 Credit Card Mistakes to Avoid for Newbies

Credit card mistakes can cost to you a lot of money. You'd think that with stories of credit card mishaps we hear so often, people would be more careful. The problem remains though that a lot of people still have the tendency to misuse their credit card, or don't know how to avoid some common credit card mistakes. You don't have to learn these lessons the hard way. Avoid the pitfalls such as:

Credit Card Mistakes

Maxing Out Your Credit Limit

The closer you get to reaching your credit card limit, the higher amount you would need for monthly payments and the longer it would take you to repay—sometimes, even years. You'd be charged for over-the-limit fees and penalty fees if you're unable to repay in time and in full. Maxing out your credit card can also come with grave consequences. It could hurt your credit score—about 30% of your score is based on the ratio of your  balances to your credit limit.

Late Payments

Late payments, especially ones that are more than 30 days overdue, can do a lot of damage to your credit score. According to CreditCards.com, late payments can cause your score to drop by 60-110 points. But the good thing about it is that it's a workable situation. If you tend to be forgetful of your due dates, or often don't have the time to make deposits, make it a point from now on to pay your bills on time, every time. Online payments are extremely convenient and can be automated. You can also consider consolidating all your bills in one due date or payment date by doing a balance transfer, if you're having a hard time keeping track of various payment schedules.

Unwise Balance Transfers

Find time to read the fine print when signing up for a deal to transfer your debts to another card or bank. Don't be so easy to give in to one-time or upfront promotions until you've got all the details. Ask your bank on the duration of the introductory offer, then consider if you can pay off the debt when the APR (annual percentage rate) goes up. Know how much exactly is the balance transfer fee. If you ignore or misunderstand rules in your balance transfer, you may end up paying for more.

Making Minimum Payments

Though making minimum payments is better than not paying at all, interest rates are applied to your unpaid balance the following month, causing your debt to grow. The only difference is that you will not be bothered by bank calls. It's a vicious cycle that has cause many credit card users to get buried in debt.

Too Many Credit Cards

Why do you want more credit cards? Because you reached the credit limit in one of your cards? One credit card is enough to cause anyone a major headache. Imagine what the consequences of multiple credit card accounts can do.

Taking Cash Advances

Banks are clear on making cash advances. They usually recommend taking cash advances for emergency purposes. The cash advance feature can be extremely handy but avail with caution. It can cost your sky-high interest charges and upfront fees. And, the longer you take to repay a cash advance, the worse it gets for your situation. Explore other ways to find cash when you need it and get a cash advance only as a last resort.

Spending For Rewards

Firstly, rewards aren't free. You need to spend money before you earn rewards. In choosing a cardmake sure that the rewards promised are worth the annual fees and interest rates you'd have to pay. In general, pay careful attention to all the terms and conditions of credit card rewards.

Neglecting Credit Scores

All these above mentioned mistakes will have a negative effect on your credit score. Strive for a healthy credit score; it opens a lot of financial opportunities for you. With every credit decision you make, always consider the possible effects it would have to your credit score.

About the Author:

Gilbert Bermudez is a freelance blogger for CompareHero, a Malaysian based comparison platform that compares consumer services.

Monday, May 20, 2013

How To Win The Battle Of Credit Card Debt With Credit Card Debt Relief

Are your credit card debts keeping you awake at night? If so you are one of millions of people that are experiencing this same nightmare. Almost everyone has credit card debt in today’s world. The economy is not allowing for people to pay off their debts off every month. When this happens the interest trap begins. The interest will increase your debt by hundreds if not thousands of dollars and makes it almost impossible to get out of debt and get those credit cards paid off.The good news is that there is help to give you the credit card debt relief that you are dreaming of.

Credit Card Debt

Eliminate Your Credit Card Balances

When you get your credit card bill every month you will usually find yourself paying the minimum payment due which is the amount of the interest and maybe a little of the principal amount. There may also be some hidden fees and late charges depending on if you paid your bill on time. You are not alone in this situation. Many people are living off of their credit cards because there is not enough money left at the end of the month for groceries, gas for the car, rent or many other things. This is where you should consider debt consolidation and maybe even get help through a debt consolidation lender.

Consolidate Your Credit Card Debt

When you are considering help through a credit card debt relief program you should consider seeking help through a lender who specializes with debt consolidation. Debt consolidation loans are unsecured loans that can help to pay off your credit cards with one payment and usually a much lower interest rate. This will help to reduce your monthly payments and help you to pay the credit cards off much quicker.

Debt Settlement

There is also a service available to help you consolidate your credit card loans. This is called a debt settlement service. This is where you hire a service to help you negotiate new terms on your credit cards. Most of the time this will help to reduce the total amount owed and will lower your interest rates at the same time. This will help you to get back on the road to a stable financial situation and will also help you to save money every month.

Where To Find Help

With the technology that is available today help is just a click away. Just by searching the Internet you can find hundreds of debt relief companies to help you. Often times you are even able to apply for the help over the telephone or even over the Internet and get answers back almost immediately.

Conclusion

Do not allow your credit card debt to rob you from a good night’s sleep. It is easy to find help and get yourself started on the road to financial freedom. Most of the debt relief companies that are available will give you an offer with no charge. This will show you the best way they can help. Do not be ashamed of your debt get out of it by asking for help.

Thursday, April 4, 2013

Credit, Debit and EBT Petroleum Payment Solutions


Aside from providing premium service to your customers, offering different payment solutions can help improve the productivity and profitability of your business. By offering flexible payment options, you will definitely attract customers who prefer to pay by credit, debit and Electronic Benefit Transfer (EBT) cards. What difference can it make? A lot!

Credit Card

Alternative Payment Solutions – How Can They Help You Grow Your Business?

Petroleum merchants have unique point-of-sale (POS) needs. They need to provide alternative payment options to improve cash flow, enhance merchant-customer experience and foster customer loyalty. Remember, no one appreciates standing in long lines just to get what they need so you must process their transactions in a fast and efficient manner. Leave one of these critical factors out and you will surely lose huge amounts of potential sales over to your competition. For sure, nobody wants that to happen. I know I don't.

A Look at Credit, Debit and EBT Petroleum Payment Solutions

You can capture a huge portion of your target market by accepting credit/debit card payments and EBT transactions as well. Keep in mind that there are about 178.6 million credit card holders in the US and that debit card usage is quickly gaining popularity among card users. In fact, recent studies show that 29% of Americans have purchased a debit card for their personal use.

The use of EBT cards is also getting more and more popular. In fact, some sources claim that it is the fastest growing payment type at POS. Add the fact that more state and federal benefits are being issued through this option and you have yourself one great reason why you need to start accepting this alternative payment solution as soon as you can.

With an EBT card, you can authorize the transfer your government benefit funds to pay for merchant products and services. As such, it works very much the same as an online debit transaction.

Offering flexible payment options can take your business to the next level. Are you ready to give it a try? If you are, then you should choose a reliable transaction processing company such as PayMeSecure to make sure you get everything you need under one roof – even if you operating an independent gas station and are not affiliated with larger branded gas companies. This is definitely one company that you need to consider. Well, I did and I never regretted my decision.

Author Bio: Jean McDaniels has owned a quick mart for the past 7 years, but recently took a leap of faith with a food truck business of selling burritos. He has found success with using PayMeSecure’s wireless services to help with credit card processing for his business.

Mobile Credit Card Processing: Why Should You Consider It?

Should you really consider accepting mobile credit card payments? Well, you definitely should – but only if you want your business to grow and thrive in this tight economy. By not having one, you risk losing a lot of sales, especially when you are out there in the field attending business conventions, trade shows, craft events and the like. Are you willing to risk it?

Credit Card

Top Reasons Why You Need Mobile Credit Card Processing

Aside from securing additional sales, here are several other reasons why mobile credit card processing can be beneficial to small businesses.

Mobile credit card processing is very convenient. Considering the fact that everyone has their mobile phones with them wherever they go, making and accepting payments just got a lot easier. As such, you can go anywhere in the world and still take your business with you.

It can give your customers the flexibility they need. Cash payments have become a thing of the past. Your customers expect to pay all their purchases with their credit cards so why don't you let them? Keep your customers happy and you can expect your business to flourish.

It can help you reduce business costs. By processing credit card transactions on your mobile device, you can forego the need of investing in expensive credit card processing machines. You don't even have to buy a new phone or any additional hardware to make it work. All you need to do is to get a compatible credit card reader, such as from PayMeSecure, for your mobile device and download your chosen Android or iOS mobile credit card processing app on your phone.

It can keep your customers' data protected. Most credit card apps are PCI-compliant so your customers can be sure that their personal data will be protected at all times.

To make sure you get these benefits, however, you need to have a merchant account that allows you to accept a wide variety of payment options and has a high acceptance rate for small and medium-sized businesses. Keeping this in mind, you should choose a reputable transaction processing company such as PayMeSecure to get everything you need. Believe me, it will do your business a lot of good, like it did mine.

Now, do you see why mobile credit card processing is a must for small businesses? It's about time you get one.

Author Bio: Phillip Rinkin has been an independent gas station owner in the state of Florida for the past 10 years. Apart from managing his business, he is an avid writer and firmly believes in expressing his opinion about the services he uses. Read more about his journey of a businessman at PayMeSecureReview.