Comments on: Can a business accept credit cards on line………..? http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm Sat, 19 May 2012 12:46:10 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: stymiee73 http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm/comment-page-1#comment-818 stymiee73 Tue, 11 Aug 2009 08:52:41 +0000 http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm#comment-818 No. You cannot do this. It is called "factoring" (also known as money laundering) and is against the guidelines of all major credit card companies (Visa, MasterCard, Discover Card, American Express). The company that has the merchant account being used for the factoring will have their account closed, any funds they are owed held for at least 6 months, and will be banned from ever accepting credit cards through their own merchant account again by being added to the Match File (a blacklist for merchant accounts). To summarize. the credit card issuers companies do not allow it under any circumstances. No. You cannot do this. It is called "factoring" (also known as money laundering) and is against the guidelines of all major credit card companies (Visa, MasterCard, Discover Card, American Express). The company that has the merchant account being used for the factoring will have their account closed, any funds they are owed held for at least 6 months, and will be banned from ever accepting credit cards through their own merchant account again by being added to the Match File (a blacklist for merchant accounts).

To summarize. the credit card issuers companies do not allow it under any circumstances.

]]> By: RICHARD S http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm/comment-page-1#comment-819 RICHARD S Tue, 11 Aug 2009 08:52:41 +0000 http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm#comment-819 no no

]]> By: Jimbo http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm/comment-page-1#comment-820 Jimbo Tue, 11 Aug 2009 08:52:41 +0000 http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm#comment-820 Yea it's called PayPal Yea it’s called PayPal

]]> By: SG Elite http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm/comment-page-1#comment-821 SG Elite Tue, 11 Aug 2009 08:52:41 +0000 http://smallbusinessmerchantaccounts.org/can-a-business-accept-credit-cards-on-line.htm#comment-821 This is one way to save business running cost. Although I like to believe that agreement needs to be reached for both vendors to agree on such an arrangement thus it could be a 50/50 fees payable. This is one way to save business running cost. Although I like to believe that agreement needs to be reached for both vendors to agree on such an arrangement thus it could be a 50/50 fees payable.

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