When I took accounting, we learned that credit card companies don’t reimburse merchants for the entire purchase price. Instead, they short the merchant a small cut that they keep for processing the transaction. In my classes, we used 2% for all cards.

But that was many years ago and in academia. In the real world right now, what is the merchant discount for the various credit cards (Visa, Master Card, AMEX, Discover)?

Thanks!

Technorati Tags: academia, amex, credit card companies, credit cards visa, merchant discount, merchants, real world, visa master card

I’m currently with Heartland. I’m wondering if someone can tell me what the best percentage rate is for MC, VISA, DC, and AMEX through a bank. Also, I’m looking for a cost effective credit card machine that is ethernet compatible for IP processing and uses thermal paper.

Technorati Tags: amex, credit card machine, heartland, mc visa, percentage rate

I’m currently with Heartland. I’m wondering if someone can tell me what the best percentage rate is for MC, VISA, DC, and AMEX through a bank. Also, I’m looking for a cost effective credit card machine that is ethernet compatible for IP processing and uses thermal paper.

Technorati Tags: amex, credit card machine, heartland, mc visa, percentage rate

Can you refer me to a cash processing gateway? Yes, I have merchant accounts with Amex and MC and Visa I need a way for customers to place their orders.

Technorati Tags: amex, cash processing, merchant accounts, visa

In order to provide my customers with multiple payment options do I have to apply for a merchant account from each individual credit card company? i.e. AMEX, MASTERCARD, DISCOVERY, AND VISA?

Technorati Tags: amex, credit card company, discovery, merchant account, payment options, visa

i have read alot of questions concerning this but my question is a little more specific, sorry if its redundant in any way. and any answers wil help since im a little confused about the whole credit score process…i have never checked my score..but there cant be anything wrong since ive never had debt accumulate by any means. ive also maintained a cel phone that i paid off when needed to for about a few years( im assuming this also helps with credit?)

I have had credit cards for about about 8 years or so now and have always paid off credit cards in full. I have opened a few for stores because they give u that added 10-15% off sometmes, and its worth it when making large purchases such as furniture.yet i never used them again…( probably 2 max) so i went ahead and cancelled them because i have never used them since..

Also have cancelled another that i was using as a student becaus its rewards just werent appealing to me anymore…( i did end up getting a little prize with all the points I accumulated upon closing out). not worth it at all though

..so basically I have no cards open until recently acquiring an AMEX…besides my debit/credit card ( which i have no idea if it works to my advantage credit wise when i use it as credit card??)

I accepted the offer from AMEX bc they offer airfare and i thought it would be worth it..but the thing is alot of places i shop dont accept it!! so i am not even able to reach that first 0 (with in the first 2 months)- 30,000 mile bonus incentive…so im thinking of closing it also bc theres no point in having it if i cant use it..but i have a feeling my credit might be getting messed up bc i keep cancelling cards bc i dont want to have so many lying around that i dont use… any ideas or suggestions??

thanks soo much!! sory i wrote a large amount =/
yes you are right i do not have an annual fee. and the stores i shop that don’t accept it are smaller owned clothes stores, etc. today it happened twice. i felt stupid when they sad oh we dont take american express…

also…since the debit card has the option of using it as mastercard (which i do) does that not work for me credit wise?

thanks!
ok so i understand that i should not cancel my new amex. also, should i open up a new visa/mastercard now or wait? or does that even matter credit wise?

also, how many credit cards do people usually have on avg?

thanks!!

Technorati Tags: 8 years, advantage credit, airfare, amex, bonus incentive, cel phone, clothes stores, credit cards, credit score, debit credit card, furniture, mile bonus, rewards

I am setting up a merchant account and I’m wondering how long it will take before I see the money in my account after processing. Also does it differ depending on the credit card? (Amex, Discover Visa)

Technorati Tags: amex, credit card, merchant account, money, visa