Comments on: How do you set up a credit card/debit card machine for your business? http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm Tue, 14 Feb 2012 06:35:11 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: emmettgolf http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm/comment-page-1#comment-1990 emmettgolf Sat, 23 Jan 2010 14:28:34 +0000 http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm#comment-1990 This place will do it for free - http://www.995merchantaccounts.com/ This place will do it for free - http://www.995merchantaccounts.com/

]]> By: Bryn T http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm/comment-page-1#comment-1989 Bryn T Sat, 23 Jan 2010 14:28:34 +0000 http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm#comment-1989 Here's a great site for credit cards: http://bryn.betterratespro.com/ They can outfit you with portable or business machines, and explain everything to you. Good luck, I hope this helps! Here’s a great site for credit cards:

http://bryn.betterratespro.com/

They can outfit you with portable or business machines, and explain everything to you.

Good luck, I hope this helps!

]]> By: Smoovy Loco http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm/comment-page-1#comment-1987 Smoovy Loco Sat, 23 Jan 2010 14:28:34 +0000 http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm#comment-1987 These people might be able to help you These people might be able to help you

]]> By: imisidro http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm/comment-page-1#comment-1988 imisidro Sat, 23 Jan 2010 14:28:34 +0000 http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm#comment-1988 You first have to apply for what is called a merchant account. Banks typically offer the best rates (but not all the time - Bank of America for example has steep rates), however they are also tougher to get. Some banks will even require you to submit a business plan before they approve your merchant account application. They are also very strict with the number of chargebacks that you are allowed in a month, and can terminate your account easily. Places like Costco offer good merchant account rates - their current rate is 1.64% plus 20¢ for Retail Classified Transactions (it will be higher for card not present transactions such as online selling or catalog selling where the credit card is presented to you when the item was purchased) http://www.costco.com/Browse/Productgroup.aspx?Prodid=11105019&Ne=4000000&N=4018296&Mo=0&cm_re=1-_-Top_Right_Nav2-_-Top_services&No=0&Nr=P_CatalogName:BC&cat=55487&Ns=P_Price|1||P_SignDesc1&Sp=C When choosing for your merchant account vendor, ask them the following questions: How much does the transaction cost - merchant account transaction costs, and the discount rate? Any exclusivity clause? Contractual period? Statement Fees? Monthly Fees? Yearly Fees? You first have to apply for what is called a merchant account.

Banks typically offer the best rates (but not all the time - Bank of America for example has steep rates), however they are also tougher to get. Some banks will even require you to submit a business plan before they approve your merchant account application. They are also very strict with the number of chargebacks that you are allowed in a month, and can terminate your account easily.

Places like Costco offer good merchant account rates - their current rate is 1.64% plus 20¢ for Retail Classified Transactions (it will be higher for card not present transactions such as online selling or catalog selling where the credit card is presented to you when the item was purchased) http://www.costco.com/Browse/Productgroup.aspx?Prodid=11105019&Ne=4000000&N=4018296&Mo=0&cm_re=1-_-Top_Right_Nav2-_-Top_services&No=0&Nr=P_CatalogName:BC&cat=55487&Ns=P_Price|1||P_SignDesc1&Sp=C

When choosing for your merchant account vendor, ask them the following questions:

How much does the transaction cost - merchant account transaction costs, and the discount rate?
Any exclusivity clause?
Contractual period?
Statement Fees?
Monthly Fees?
Yearly Fees?

]]> By: the one ya'll love to hate http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm/comment-page-1#comment-1985 the one ya'll love to hate Sat, 23 Jan 2010 14:28:34 +0000 http://smallbusinessmerchantaccounts.org/how-do-you-set-up-a-credit-carddebit-card-machine-for-your-business.htm#comment-1985 It usually comes with directions, or can't you read. It usually comes with directions, or can’t you read.

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