THE TWO COMPONENTS OF A CREDIT/DEBIT CARD TRANSACTION Each time a merchant process a credit or debit card transaction, she is charged an inquiry fee and a percentage of the total transaction. The inquiry fee is a flat amount, typically between 20 cents and 35 cents. The percentage charged, is typically called your “credit card rate” and it is variable…
Tag: Transactions
How To Significantly Reduce Payment Processing Costs By Converting Debit Card Customers To Direct Debit Payments
It seems that banks are constantly coming up with new ways for us to pay bills and withdraw money. First there were paper checks, then credit cards, then ATM cards, then debit cards linked to bank accounts, and now ACH electronic funds transfers. Of course, with each new payment method comes a new set of fees passed on to account…
The Demonetization Of The East
In December 2002, Poland decided to purchase 48 F-16 Falcons from Lockheed Martin Corporation – an American defense contractor. Pegged at $3.5 billion, this is the biggest defense order ever issued by an east or central European country. The financial package includes soft loans and a massive offset program – purchases from Polish manufacturers that more than erase the costs…
Useful Tips For Carrying Out Online Banking Transactions
With the internet available in most homes and businesses across the globe, it’s understandable that consumers are presented with many opportunities such as online banking and even online shopping. In the United Kingdom,millions of people are now using the internet in accessing their bank accounts and millions also are regularly doing their shopping online. But on the other hand, most…
Auction Tips For Sellers And Bidders
At first glance, selling and buying items online would appear to be as easy as sending an email or downloading a song after a few clicks of the mouse. But with the rate at which several online auction and shopping websites pop up and disappear, and the growing number of bidding frauds done online, one can say that online auctions…
Ecommerce Website Development Brings More People To Your Business
If you have a business and you want to tell more people about your business and what service you offer to the public or what product you’re selling. Putting your business on the Internet today offers you the chance to reach millions of people everyday and it’s as easy as finding the right website host who will work with you…
All The Forms You Need
Any transaction involving an exchange of money for products and/or services should be properly documents. For purchases of small items, you normally get an official receipt or a docket from the vendor once you hand over your payment. For larger more expensive items such as furniture, equipment, appliances, the process will involve more documentation. In exchange for your hard-earned cash,…
Benefits Of Online Banking
The banking system has also changed adequately, with the changing times. Today, you need not visit your bank to conduct most of your banking transactions. Computer technology has made virtual banking possible and it is actually becoming a very popular way of banking. In online banking, you can transfer money, get or alter your account information, pay your bills, order…
Top 5 Reasons To Opt For An Internet Bank Account
Over recent years online banking has become increasingly popular, and many consumers have started to enjoy the benefits of banking online. There are many different reasons why people decide to opt for an online bank account, and in the space of around six years the number of consumers using online banking has more than doubled. Here are some of the…