So, I’m 18 and very confused with this whole credit card "business". All I want is a simple credit card that I can use that when use it, it will extract the exact amount out of my account and pay the merchant in full with out letting me go over the set money in my account. THAT’S IT. No monthly payments, no credit points, just cut and dry card. I’m getting this so I don’t have to carry around cash and if im every mugged I can cancel the card before anything is spent. So what do I get? A visa? A master card?

Technorati Tags: credit card, master card, money, visa

Is there a way in our PayPal account to be able to see if someone has paid us with a Visa, or Mastercard, or PayPal account? We receive notices of payments, but we don’t know if the customer specifically paid with a credit card or PayPal. Just want to know if PayPal is prevalent….thanks!
Thanks to the answer I received, but I wanted to know how I could find out if it was through a credit card or a cheque as compared to just PayPal….the question is mostly ‘how’ can I tell, not ‘if’ I can tell. Where in our PayPal merchant account will I be able to find that information. Thank you, though!

Technorati Tags: cheque, credit card, merchant account, paypal account, visa

OK, let me start off by saying I NEVER let bills go by and make sure I set aside money so I’m prompt. Also, I’m not naive- I know CCs don’t care HOW you mess up…but I also know they want to keep their customers.

LONGER VERSION:
I’m a 22 year old college student. Last year (April 2008) I got my first credit card, mainly to establish credit, and that’s it. I signed up for CitiCard Platinum Select Visa. It had 0% APR for the first 6 months, and a surprisingly good APR after that (9%). Yes, I read the fine print- if you mess up just once, they could reserve the right to bump up the APR A LOT.

So since April 2008 I’ve avoided using it for many big things- the biggest thing came when I had to step in for a family emergency and put 0 bucks on there. I wasn’t happy about that, but I did get help paying that back. I started out paying a few hundred a month (the minimum was only 22 something a month) and have since paid ON TIME every month, usually at least 40 bucks more than the minimum. Currently I had about 1300 on the bill and was paying it down. They liked me, of course, and kept increasing my limit until I had 3500 on the card (of course, I wasn’t putting more stuff, but still). Everything was good.

Until this past week.

I lost my job and was running low on my usual bank account money. When I realized I wasn’t going to be able to replenish that in time, I asked a family member to spot me 30 bucks through their account because I wanted to make sure I paid this on time. I entered their bank account info online, double checked it…but stupid me, I was still one digit off somehow and the payment was returned.

Now, I did this at the end of the month, so by the time the payment processed and was returned, it was past the due date. As SOON as I was alerted, I called them and made June’s payment over the phone (that happened on July 2nd) from my newly replenished bank account.

Today, I go online, and guess what? Yup, late fee and returned check fee. I expected that. But they also bumped my APR from 9% to 28.9% and my minimum is now 9 instead of . I expected the APR bump, but they seem to really be going for the throat.

I need to call them tommorow, obviously. What should I say? Can I get negotiate? Can I get my APR back down to 9? This is my first error in over a year and it was a clerical one…clearly I was trying to pay them. I know I’ll have to pay some fees one way or the other, but since I have new credit I’m worried about my APR and my credit score. I’m going to cancel if they don’t revert my APR, simply because I can’t afford that. What should I be leary of when cancelling, if it comes to it?

Thanks

***************SHORT VERSION:

If you didn’t want to read all that: I’m a student with new credit, has been on time with payments for over a year, tried to pay ON TIME but because of a clerical error I entered the wrong bank account info, which caused me to get a bounced check/late fee, but worst of all, my APR went from 9 to 28 percent. Can I get them to reverse this?
Called and got it resolved today, they agreed to reverse every charge and lower my APR back to normal. I didn’t even have to argue…I got lucky this time.

Technorati Tags: bank account info, ccs, credit card, due date, family emergency, family member, job, money, platinum, visa

Hello .
I have this situation that i hope you can help me out with. My partner and I own a credit card processing company and been in business for about a year. In the the bank card industry there are two type of business people that are currently accepting all form of non-cash payment Visa, M/C etc.. , and business that are not accepting credit cards or checks these are considered or refered to as (NEW BUSINESS). Now the Exsiting businesses we dont make to much money upfront unless we upgrade there equipment and then we make big buck$$ and we get a residual on the account every month when they start processing with us which is nice, and the NEW Businesses we can either lease or sell them equipment that they need to start accept credit cards and checks now these type of business we make BIG BUCK$ for leasing or sell them the equipment and and like the exsiting business we also make a residual every month from there account. Business is good but it could be better. Latley I have been seriously considering going into business for myself which means i keep 100% of my money. The current agreement between my partner and I is 50/50 split and it’s been working out good but i want to make bigger moves which means i need more money. Now the reason that I even teamed up with my partner was because he was good at numbers and could read statements for exsiting businesses and give them lower rates which is important because we have customer that process anywhere from 0-1,000,000 a month so reading statements for high volume merchant is important and he has the ability to lease or sell equipment but he stronger at getting exsiting business then he is at getting new ones. Now I on the other hand am very good at getting new businesses i rather talk to a new business then an exsiting one.. WHY? if you asked.. it because there is only 24hr in a day and even though im owner of the business i try to work a 8hr shift everyday so i want to make the most money possible in the shortest amount of time …are you following me, I can also analize the statements for exsiting businesses not as good as my partner but good enough to get the job done. Now the agreement that we both have is that whatever deal we get we have to deposit 50% in our account and whoever brought that deal in gets to keep the remaining 50% of that deal and at the end of the month we split 50/50 what in our account. Now having my partner around will definately increase my residual portfolio but he doesnt lease equipment that much. Well to make this short DO YOU THINK THAT I SHOULD GO INTO BUSINESS FOR MY SELF AND KEEP 100% OF MY MONEY OR DO YOU THINK THAT I SHOULD CONTINUE THE AGREEMENT AND SPLIT 50% AND AT THE END OF THE MONTH SPLIT 50% OF OUR ACCOUNT.WHICH WAY DO YOU THINK ILL MAKE THE MOST MONEY.

Technorati Tags: accepting credit cards, amount of time, checks, credit card processing, high volume, leasing, much money, new business, new businesses, processing company, upfront, visa

Hello .
I have this situation that i hope you can help me out with. My partner and I own a credit card processing company and been in business for about a year. In the the bank card industry there are two type of business people that are currently accepting all form of non-cash payment Visa, M/C etc.. , and business that are not accepting credit cards or checks these are considered or refered to as (NEW BUSINESS). Now the Exsiting businesses we dont make to much money upfront unless we upgrade there equipment and then we make big buck$$ and we get a residual on the account every month when they start processing with us which is nice, and the NEW Businesses we can either lease or sell them equipment that they need to start accept credit cards and checks now these type of business we make BIG BUCK$ for leasing or sell them the equipment and and like the exsiting business we also make a residual every month from there account. Business is good but it could be better. Latley I have been seriously considering going into business for myself which means i keep 100% of my money. The current agreement between my partner and I is 50/50 split and it’s been working out good but i want to make bigger moves which means i need more money. Now the reason that I even teamed up with my partner was because he was good at numbers and could read statements for exsiting businesses and give them lower rates which is important because we have customer that process anywhere from 0-1,000,000 a month so reading statements for high volume merchant is important and he has the ability to lease or sell equipment but he stronger at getting exsiting business then he is at getting new ones. Now I on the other hand am very good at getting new businesses i rather talk to a new business then an exsiting one.. WHY? if you asked.. it because there is only 24hr in a day and even though im owner of the business i try to work a 8hr shift everyday so i want to make the most money possible in the shortest amount of time …are you following me, I can also analize the statements for exsiting businesses not as good as my partner but good enough to get the job done. Now the agreement that we both have is that whatever deal we get we have to deposit 50% in our account and whoever brought that deal in gets to keep the remaining 50% of that deal and at the end of the month we split 50/50 what in our account. Now having my partner around will definately increase my residual portfolio but he doesnt lease equipment that much. Well to make this short DO YOU THINK THAT I SHOULD GO INTO BUSINESS FOR MY SELF AND KEEP 100% OF MY MONEY OR DO YOU THINK THAT I SHOULD CONTINUE THE AGREEMENT AND SPLIT 50% AND AT THE END OF THE MONTH SPLIT 50% OF OUR ACCOUNT.WHICH WAY DO YOU THINK ILL MAKE THE MOST MONEY.

Technorati Tags: accepting credit cards, amount of time, checks, credit card processing, high volume, leasing, much money, new business, new businesses, processing company, upfront, visa

In March someone took my CC to the applestore and bought 0 in something there. I didn’t notice until a few weeks ago and when I went to call the bank, Visa said they could not do anything about it because it was past 90 days. I am stuck with this bill, (which is A lot for me because I’m a student) and there has to be something else they can do about it.

I closed the account and the merchants are supposed to call the police if he tries to use it.

Also, I have a suspicion about who took it, but I cannot get ahold of them. They are like transient now and possibly moved to the other side of the country. Do I still file a police report?

Thanks for all the help and ideas.

Technorati Tags: ahold, applestore, merchants, police report, report thanks, suspicion, visa

I want to keep track of the amount i billed to my customers who use visa and mastercard to pay their accounts. Does bankcard have an on-line facilities where i can access a summary of all credit card transactions that were submitted to them for processing including the related charges? Discover Network and American Express have this facility. Hoping you could help me guys with this problem. Thanks

Technorati Tags: american express, bankcard, credit card transactions, problem thanks, visa

Hello .
I have this situation that i hope you can help me out with. My partner and I own a credit card processing company and been in business for about a year. In the the bank card industry there are two type of business people that are currently accepting all form of non-cash payment Visa, M/C etc.. , and business that are not accepting credit cards or checks these are considered or refered to as (NEW BUSINESS). Now the Exsiting businesses we dont make to much money upfront unless we upgrade there equipment and then we make big buck$$ and we get a residual on the account every month when they start processing with us which is nice, and the NEW Businesses we can either lease or sell them equipment that they need to start accept credit cards and checks now these type of business we make BIG BUCK$ for leasing or sell them the equipment and and like the exsiting business we also make a residual every month from there account. Business is good but it could be better. Latley I have been seriously considering going into business for myself which means i keep 100% of my money. The current agreement between my partner and I is 50/50 split and it’s been working out good but i want to make bigger moves which means i need more money. Now the reason that I even teamed up with my partner was because he was good at numbers and could read statements for exsiting businesses and give them lower rates which is important because we have customer that process anywhere from 0-1,000,000 a month so reading statements for high volume merchant is important and he has the ability to lease or sell equipment but he stronger at getting exsiting business then he is at getting new ones. Now I on the other hand am very good at getting new businesses i rather talk to a new business then an exsiting one.. WHY? if you asked.. it because there is only 24hr in a day and even though im owner of the business i try to work a 8hr shift everyday so i want to make the most money possible in the shortest amount of time …are you following me, I can also analize the statements for exsiting businesses not as good as my partner but good enough to get the job done. Now the agreement that we both have is that whatever deal we get we have to deposit 50% in our account and whoever brought that deal in gets to keep the remaining 50% of that deal and at the end of the month we split 50/50 what in our account. Now having my partner around will definately increase my residual portfolio but he doesnt lease equipment that much. Well to make this short DO YOU THINK THAT I SHOULD GO INTO BUSINESS FOR MY SELF AND KEEP 100% OF MY MONEY OR DO YOU THINK THAT I SHOULD CONTINUE THE AGREEMENT AND SPLIT 50% AND AT THE END OF THE MONTH SPLIT 50% OF OUR ACCOUNT.WHICH WAY DO YOU THINK ILL MAKE THE MOST MONEY.

Technorati Tags: accepting credit cards, amount of time, checks, credit card processing, high volume, leasing, much money, new business, new businesses, processing company, upfront, visa

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

or do they take it out of the Visa and Mastercard money BEFORE if shows on bank account? Im trying to find out if it shows the deductions on the bank account as a transaction? Help!

Technorati Tags: money, visa

If you worked for a company that sold credit card processing, how would you sell that?

I feel like an idiot walking into a small business and being like…" Hey how much are you paying to process visa and mastercards per transaction? - Want to see if I can beat the rate you are paying now?"

To me that sounds like people will just be like….nah I’m good.

Should I call first? Should I hit up flea markets and walk around and ask all the merchants.

Should I call businesses that are mobile and most likely dont even take credit cards and offer them a solution?

What do you think?

Technorati Tags: credit card processing, credit cards, flea markets, mastercards, merchants, quot, small business, visa

I made a major purchase on April 1,2009, as of today my visa has still not been charged, I called my bank and they said that there has not been any activity on the account since january 09. Does anyone know if there is a time limit on processing a purchase.

Technorati Tags: april 1, time limit, visa

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

In order to have a credit card reader in a machine like in a ticket machine, do you have to have a machine specifically from Visa, etc, and pay them for every transaction? Or do you just buy some kind of card reader? I need to know for a possible new product. Thank you!

Technorati Tags: credit card reader, ticket machine, visa

I have a small business with very minimal credit card usage. I bought a handheld swiper from Propay online thinking it would be just fine for my usage…and am being told by a guy who sells much more expensive machines that mine will be not usable in about 6 months because of some new laws and that Visa is cracking down on the swipe and transfer data via internet or cell phone type credit card processing that I bought. Any idea if this guy is just trying to sell me with the fear tactic- that mine will be obsolete…or if it's a legitimate point he is making.

Technorati Tags: cell phone, credit card processing, credit card usage, fear, legitimate point, minimal credit, new laws, small business, swipe, swiper, tactic, type credit card, visa