Posts tagged ‘Accept’

What Equipment Do I Need to Accept Credit Cards For My Business?

The basic piece of equipment most small retail operation will want is a terminal, that black box that sits next to the cash register and is connected to the card processor via phone line or Internet. Cards may be swiped or input manually and an optional debit PIN pad allows customers to enter their secret PIN for their debit card.

If you accept checks, you can also connect a check swipe reader that will scan the check through the check guarantee service of your choice and electronically deposits the funds into your account, saving trips to the bank. Connected to or part of the terminal is a receipt printer.

Instead of a terminal, you may elect to use a personal computer with a card swipe reader attached to it. Point-of-sale software installed on the computer will accept the input card and send it via internet or phone line for processing and authorization.

There are literally hundreds of POS systems available on the market, many industry-specific, such as for hotels or restaurants.

If you do not have or want a POS system, you can set up a “virtual terminal” on your PC by logging in to your credit card processor’s website and swiping or manually entering card information for authorization. Such sites usually also permit you to void, force and refund transactions or set up recurring transactions such as monthly health club memberships, automobile payments, etc.

Virtual processing usually also permits you to use you cell phone to get authorizations on the go, out in the field, and usually also offer a shopping cart that you can integrate into your company website for online purchases.

For businesses that deliver merchandise to customers, such as pizza shops, there is a new wireless terminal, most like a cell phone, that your drivers carry with them. At the customer’s home they swipe the customer’s card through this mobile terminal and get an authorization. This can represent a tremendous monthly savings over accepting orders over the phone at the store and manually keying in the customer’s credit card number. Remember, manually keyed-in cards are charged a higher Non-Qualified Rate because the fraud risk is higher when the card is not present and swiped. The mobile terminal does swipe the card and it is treated as a card-present transaction, at a much lower rate. Mobile terminals utilize Packet Radio Service or cell service and are very reliable. The driver carries a small printer on their belt to print receipts for the customer.

You can acquire equipment by outright purchase, or lease it. Each option has advantages, discuss them with your accountant. If you do lease, you don’t have to worry if the terminal breaks, just swap it for a new one. Some processors will provide you with a “free” terminal but you will usually end up paying higher transaction rates or other hidden fees. There is no free lunch.

James Hussher is a national Account Executive for Card Payment Solutions, a registered merchant services provider (MSP) for Wells Fargo and JPMorgan Chase banks. Contact James at http://creditcardmerchantnews.com, a site James maintains to inform his credit card merchant clients. Wherever you are in the USA, I offer a free analysis of your current merchant account statement. I will provide a report showing you exactly how much you are paying to accept cards in each tier, plus monthly fees; I will also propose the rates we can give you, for a clear side-by-side comparison.

Billionaires accept a $1 salary annually

Recently, Citigroup CEO Vikram Pandit has been forced to take a raise in salary even though he insisted on accepting an annual salary of $ 1. His bank used to get into trouble in the last economic depression. However, Vikram Pandit is not the only millionaire or billionaire who are willing to work for $ 1 a year. Almost everyone is amazed to discover that CEO or chairman of leading corporations has been drawing the salary of $ 1 and even $ 0.

 

Yerry Yang is co-founder, CEO as well as chairman of Yahoo. Along with David Filo, Yang found “Jerry and Dave’s Guide to the World Wide Web” in January 1994. Then the corporation changed its name into Yahoo. On January 13th 2009, Yahoo! appointed Carol Bartz as its CEO and a member of the board of directors.

 

Jerry Yang worked for $ 1 annually until he was replacement by Carol Bartz

 

Citigroup CEO Vikram Pandit has recently announced to draw a $ 1 salary per year

 

Capitol One Founder and CEO Richard Fairbank doesn’t live on salary. He works for $ 0 as annual salary. However, he has gained millions of dollars thanks to stock options.

 

Richard Fairbank (left), District of Columbia Mayor Anthony Williams and actor Bruce Willis

 

Ford Motor executive chairman Bill Ford is seen to be keen on his business so much that he accepts to be paid $ 1 a year to work there.

 

Chairman and CEO of the American International Group Edward Liddy has been drawing a $ 1 salary annually, which is rarely seen in the banking industry

 

Henry Samueli, Anaheim Ducks owner and the chairman of CTO Media, possesses the wealth of up to $ 2.3 billion. He is also listed in people who work for $ 1.

 

Henry Samueli poses with his daughter Jillian

 

Governor of California Arnold Schwarzenegger who used to be an action star was paid $ 175,000 salary, but he donates all to charity

 

Mike Bloomberg is regarded to be the 10th richest person in the United States for having net worth of $ 18 billion in 2010. Therefore, he accepts a $ 1 salary as a Mayor of the biggest city in the U.S. Do you know that he travels to work by underground?

 

Mike Bloomberg is the current Mayor of New York City

 

The founders of Google Larry Page (left) and Sergey Brin (right) whose personal account goes up to billions of dollars make $ 1 a year.

 

You must be surprised to know that Apple Inc. CEO Steve Jobs has received $ 1 a year for ten years.

 

 

Oracle CEO Larry Ellison made an decision to cut down $ 999,999 in his salary of 2010 for one-dollar-paid salary

 

Google chairman and CEO Eric Schmidt makes $ 1 a year, but he is so rich that he could light his cigars with $ 100 notes.

 

CEO of DreamWorks Animation Jeffrey Katzenberg has been paid a $ 1 salary since 2004

 

Related links:

6 Best Locales for Business

Wealthiest Politicians in U.S. Congress

Cities With Largest Number of Billionaires

Economics is the study of our lives,our jobs, our homes, our families and the little decisions we face every day. Thus, I am keen on reading and studying economic issues.

How To Accept Credit Cards On Your Website

How to Accept Credit Cards on your Website:

So your business has a website… now what?
Now, we’ve found a simple virtual terminal processing solution enabling
you to make money off of two totally new groups of customers.
The international market: Yes… people in other countries do have
money… lots of it! And I guarantee you not every country has been as hard
hit by the recession as the U.S. In almost every case, there is a way to
modify a portion of your business to serve online customers. Don’t want to
bother with shipping? Easy- enroll into the Amazon shipping program. They
take 50 percent but do all the work for you.
People sitting around at 10 o’clock at night buying stuff they probably
shouldn’t be. If you think this is a joke, think again. Walmart has spent
a fortune this year trying to fine tune its online store to capture this exact
group: The spontaneous Internet buyer. Some studies indicate this is
upwards of a trillion dollar market. If Walmart is going for it… you should
too.
Get a reliable payment gateway.
This is what allows you to authorize transactions and manage your
customer’s cards. Make sure you get one that can do both card-present
and card-not-present transactions. Also… get a recurring billing function for
repeat customers. That will save you a lot of head ache in the future. To
read more about payment gateways click here.
Wait! Can’t I just get an Internet merchant account and skip the
payment gateway!
The initial cost of doing an Internet merchant account is usually pretty high
when you’re just starting out. Also, these accounts are not easy to get right
now. Banks are labeling all Internet ventures as “high risk” so unless you
have a really strong relationship with the bank, or are some kind of “bankwhisperer”
you’re probably out of luck. My personal experiences with doing
Internet merchant accounts with a bank can be read here.
The other cool thing about a payment gateway is that you get a check at
the end of the month, rather than having to take the security risk of running
every customer’s card. This lets you concentrate on sales and customer
service, rather than IT stuff.
The Shopping Cart
Once you have found a payment gateway, you need to set up a shopping cart. There are a
number of good shopping cart solutions. I recommend 1shoppingcart. And I definitely don’t
recommend Google check out. It’s the one thing Google did that doesn’t quite work right.
Process Pink accepts almost any shopping cart.
Sit back and watch it work!
Congratulations, you have now joined the rest of the world in accepting
credit cards online. You probably didn’t know what you were missing out
on until right now!
If you want a detailed explanation of how to set this up over the phone,
click here.

Presented http://processpink.com/and visit us for more information

How to Accept Credit Cards on your Website:

So your business has a website… now what?
Now, we’ve found a simple virtual terminal processing solution enabling
you to make money off of two totally new groups of customers.
The international market: Yes… people in other countries do have
money… lots of it! And I guarantee you not every country has been as hard
hit by the recession as the U.S. In almost every case, there is a way to
modify a portion of your business to serve online customers. Don’t want to
bother with shipping? Easy- enroll into the Amazon shipping program. They
take 50 percent but do all the work for you.
People sitting around at 10 o’clock at night buying stuff they probably
shouldn’t be. If you

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