• February 17, 2018 /  Credit Card
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    In a nutshell, Credit card consolidation takes all of a consumers outstanding credit card and other unsecured debts and rolls them all together into a single loan. Many credit cards and loans have very high interest rates. A Credit card debt consolidation program reduces all of the interest rates to one low rate, usually lower than any rate you were paying before. This allow the consumer to pay off their debts much more quickly, AND more importantly, it also greatly lowers the consumers monthly debt payment, allowing them to have a better monthly cash flow.

    The next great benefit that a Credit card debt consolidation program offers is peace of mind. Once you are in a Credit card debt consolidation program, the credit card companies and other lenders that have been harassing you on the phone, through the mail, over the Internet, or even in person on your front porch, must stop immediately. They will leave you alone! Once you begin to consolidate, credit card debt agents will begin to work directly with your creditors and your creditors will work with the Credit card debt consolidation companies.

    Credit card debt consolidation loans are also useful if you are trying to rebuild your credit. If the reason you are looking to consolidate credit card debt is that you are overwhelmed by your bills have fallen behind on your payments have had some marks put against your credit history lowering your overall credit score, then credit card consolidation can be a very handy tool indeed. Immediately, you will be caught up on your back bills and you monthly payments moving forward will never be late! The is because when you are in a credit card debt consolidation program, the credit card debt consolidation companies make your monthly payments for you and they will never be late. This puts you on the fast track to improving your credit history and your overall credit score. Every month, your credit score will go up because the credit card consolidation company will never be late making your payments.

    Now heres the most important piece of advice: BE EXTREMELY CAREFUL WHEN LOOKING FOR CREDIT CARD DEBT CONSOLIDATION COMPANIES! Do a little research. Google them. Check them out on www.bbb.org. Make sure there are no complaints, or at least very few. On www.bbb.org, the Better Business Bureaus website, you can search for the company and see any complaints that have been made and if the company resolved the issue. Choosing a bad company could leave you in worse debt and with a lower credit score.

  • February 12, 2018 /  Credit Card
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    Establishing a merchant account can generate more customers for a business owner. Credit card processing and merchant accounts enable businesses to accept credit cards and increase their revenue. For businesses that operate online, credit card merchant processing is mandatory to ensure customer activity. You can set up a card merchant processing account in only a few steps.

    Credit cards offer a convenient way for people to pay for purchases. Most people have a credit card or debit card. If you do not offer customers the option to pay with a credit or debit card, you will certainly lose a lot of potential sales. There are many people who do not carry cash or checks, and they will not buy from a merchant that does not offer credit card payment option. Without the option to use a credit card for purchase, they will shop somewhere else. The right credit card merchant processing company will be able to help you set up credit card processing and merchant accounts.

    The credit card merchant processing system generally requires an Internet setup. The system needs to be connected to a server that processes information and verifies that the credit card is valid. Accepting a credit card payment is simple, but it requires the correct setup. There are many payment processors out there that help businesses get set up with the system they need. These card merchant processing companies handle the various aspects of processing credit cards for businesses.

    It is important to keep in mind that there are various fees that come with having a credit card merchant processing account. Generally, this type of account comes with setup fees, transaction fees, maintenance fees, and early termination fees. Make sure you review the various offers you find before you decide on the best one for you. All payment processors do not offer the same features and type of contract. You should pay close attention to these factors as you search for the right company for your needs. Read the contract carefully, make sure you understand what it contains and then accept it if you are satisfied with the terms and conditions of service.

    Accepting credit cards is obviously essential for a business that wants to prosper. It is crucial that you have every possible payment option for your customers. Taking credit cards from customers ensures that you are not losing any potential income. Additionally, accepting credit cards allows you to conduct business in more credible manner and your customers will trust you more.

    If you want to grow your business and achieve success, you simply cannot lose customers. All you need to do is choose a reliable payment processing company, get set up with the right credit card merchant processing system for your business and start accepting cards from customers.

  • February 12, 2018 /  Credit Card
    3

    Perhaps you can’t tell at first glance, but credit card transactions processing is a very involved process. It involves many players, besides just the credit card holder. Once they swipe their card, the information goes from the merchant to the merchant bank. It then goes to the credit card network where the card issuer either approves or denies the transaction. The result then goes back to the merchant bank, which passes it on to the merchant. To think that all of this happens in just a few seconds!

    The debit card payment process is similar, except that if the card holder uses their PIN number, the request goes straight to the cardholder’s bank to check whether or not there is enough money in their account to cover the cost of the transaction.

    Using a debit card without a PIN number is called an offline transaction. Using a debit card with a PIN number is called an online transaction. Offline transactions are the way that most merchants process debit cards, though smaller businesses benefit from processing online transactions. This is because an online transaction incurs a flat rate fee, while most online transactions incur the flat rate fee plus a percentage rate. The same percentage rate applies for all credit transactions.

    Credit Card Transactions Processing and the debit card payment process are meant to be quick and convenient. Every merchant should have access to these services. Today many people use credit and debit cards for every day purchases, and they expect merchants to have systems in place to process their credit and debit card transactions.

    This makes low cost credit card processing very important to today’s merchants. Running a business can be costly, and adding too much overhead can be detrimental to your bottom line. You also don’t want to spend money on credit card transactions processing services that don’t live up to your expectations. You need an easy to use system that will work when you need it to.
    Low cost credit card processing is important to every business.

    It’s hard to imagine a business that doesn’t process credit and debit transactions. Yes you could direct your customers to the nearest ATM machine, but this inconvenience to your customers could possibly lose your business. Don’t put off getting credit card transactions processing any longer, especially since it’s quite affordable for businesses of all sizes. The amount of money you pay for credit card payment processing pales in comparison to the advantage in keeping your business up to date when it comes to payment options.

  • February 5, 2018 /  Credit Card
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    Three words and phrases consumers dread the most, credit card debt. Put them together and you have the blueprint for a life span of challenge, tension and aggravation. Why can it be that 3 little words can put a lot worry into the spirits of the average consumer?

    Lets check out credit card debt individually, credit by itself sounds good however too much credit is the main reason why numerous Americans are over extended, discouraged and stressed out. Credit cards are pieces of plastic material that are smooth, accessible, and easy to carry around. Most of the people have two or more cards in their pocket book adding to their situation. n.

    Debt just isn’t a good thing to take around. For those who combine the 3 you get credit card debt. Mix them alongside one another with excessive joblessness, high cost of gasoline, food items plus essentials and you can start to comprehend why credit card debt is affecting so many Americans. It’s easy to see why credit card corporations are foaming at the mouth area for a chance to give you credit cards. Credit cards by design and style are meant to be a effortless way to expend more revenue then you have got.

    What is the solution to this dilemma? Excellent question, this is my individual suggestions to eliminate credit card debt: 1st, you need to teach yourself on the what your credit cards are really charging you. 2nd, buy only what you NEED not what you want. This is a lot easier said then carried out, even so if you can attain this you are 50% of the way. Three, really do not treat credit cards as a totally free loan. For the final two tips I highly recommend you use only one credit card and chop up the rest, and you simply use funds if feasible.

    In your thoughts you would like to make the phrase credit card debt useless. By coaching yourself on the true cost of credit cards you will ultimately increase your standard of living. If the notion of credit card debt is badly affecting your life look for help. Let’s Forget Debt is a nice informational web-site to get information, ebooks and free assistance.

  • February 4, 2018 /  Credit Card
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    When a person possesses a multitude of credit card accounts, it is easy for the debt to become quite overwhelming.

    The sum of the payments on all of the credit cards can add up to be a large percentage of the persons monthly expenditures. Due to this type of situation, a person may feel like he or she is losing control of their financial situation.

    When this happens, a person may choose to consolidate credit debt. When a person makes a choice to consolidate credit card debt, he or she will need to contact a non-profit service that will assist them. It is important that the consumer makes sure that any credit card consolidation service is a reputable business that will actually help them.

    This can be accomplished by checking with the Better Business Bureau to find out the history of the company.

    Counselors at these non-profit services can help the consumer by making a current list of creditors and the amount of debt owed each one. Then, the credit counselor will come up with a plan to propose to the creditors.

    The consumer benefits by being able to consolidate credit debt. In other words, as a part of this type of plan, the consumer will end up making one single payment, instead of many different payments. In addition, the consumers overall debt responsibility should be reduced.

    Credit consolidation counselors work with creditors to consolidate credit debt by proposing a reduction in or elimination of interest, and a lower monthly payment.

    This allows the consumer to make headway with his or her debt and eventually pay it off. Credit consolidation counselors perform a great service to the debtor and the creditor in that they allow the consumer to repay his or her debt, and allow the creditor to recover a big portion of the debt that was originally incurred.

    All in all, if a consumers debt has become unmanageable, a responsible choice is to sign up with a credit consolidation service in order to regain control of his or her financial situation. Doing nothing will not solve the problem, and in all likelihood, will just make it worse.

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  • January 25, 2018 /  Credit Card
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    We are living in a highly developed society that is completely based on high-end technology and in every field we can experience the contribution made by the latest technology. It has made our life simple, easier and convenient in various aspects and we have experienced the major transformation it has made in our life. One of the best results of this technological development is the credit card that is used for payment of almost every transaction we make. A credit card payment system is much safer and easier than the traditional method of cash payment. Credit card and wireless credit card terminals have changed the method of online and offline shopping.

    A credit card swipe terminal is essential for a shopkeeper, who wants to accept credit cards in their shops. Traditionally this terminal has a magnetic strip reader, a display and a keypad. Sometimes a printer is also attached. The latest version of the credit card terminal is a wireless credit card terminal, which is most suitable for restaurants and cab firms. Wireless credit card terminals allow a person to process credit cards electronically anywhere and it allows business to process transactions from mobile locations efficiently and quickly. This terminal is mostly used by businesses that mainly operate in a mobile environment. For mobile business it is the easiest way to conduct transactions for their business.

    The working process of the wireless credit card terminal is same as the traditional credit card machine, except that the transaction in the wireless terminal occurs over wireless networks instead of phone lines. The wireless credit card terminal is the most advanced processing terminal and it still incorporates time tested technology to ensure their durability and reliability. Presently some terminals operate on GPRS wireless network giving complete advantage in wireless availability over any other wireless terminals. These terminals are the most cost effective method for wireless credit card processing.

    Wireless terminals do not have any wires connected to them hence it can be moved to any place and this is the biggest advantage with the wireless credit card terminal. Moreover these terminals are small, lightweight, portable, and hence it could be easily carried inside a pocket to any place. It can accept the card virtually at any place. These terminals do not require any separate phone lines. Wireless technology is quite safe and secured and it also reduces the chance of fraud or stolen cards. It also eliminates the involvement of hard cash in the transaction thus reducing the chance of error in calculation.

  • January 22, 2018 /  Credit Card
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    Ever wondered what the numbers on your cards indicate? Well you might have written them down at several points, either as reference or as a security measure in case of theft, but did you ever sit down to think what they might mean? Heres the answer.

    The first number on your credit card denotes the system of the card. Is it a visa, master, or entertainment card? If the number is 3, it means it could be an American Express or Diners Club card or any other entertainment or travel card. Whereas a card with 4 as the first digit denotes that the card is a Visa card and a 5 means it is a MasterCard. A card that starts with the number 6 means it is a Discover card.

    The number on the card also denotes the system of the card. For instance, a Diners Club card starts with 38 while, an American Express card number starts with 37. The third and fourth numbers denote the currency used on the card while the rest of the numbers till the 11th give you the information on account number. The digits from 12 to 14 is the credit card number and the last digit, the 15th is a check digit. This is the configuration in an American Express card.

    A Visa and a MasterCard are similar in concept with some variations. They basically provide the same details, though the numbers and rules vary slightly. These numbers offer complete information on the users account and one must keep a photocopy of the card with the number or write the number down safely in case of card theft at any point in time. This reference number needs to be quoted to block your cards from being misused.

    If you think this is all there is to a card, you are mistaken. The back of a card is even more configured with information and codes. The magnetic strip you see on the back of your cards (also called the magstripe) is made of iron-based magnetic particles. It is however plastic like in appearance. The card is often swiped at a business center or a store when you make a purchase and it is the magstripe that needs to be read by the magstripe reader.

    Sometimes you may encounter problems with your card at stores or even at the ATMs where the reader fails to accept your card. This could in all likelihood be due to a dirty or damaged magstripe. In fact, even if your card has been exposed to magnets, it can damage the magnetized strip. So do take good care of your credit card and keep it protected from damages.

  • January 16, 2018 /  Credit Card
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    Identity theft is quickly becoming one of the most dangerous crimes in America. People are losing thousands of dollars and months, if not years, of their lives to correct the damage to their credit and their reputations. A large part of identity theft is credit card fraud, where somebody either uses your credit cards to make illegal purchases, or opens up a completely new credit card in your name and goes on a spending spree to end all spending sprees.

    1. Be Careful with Your Personal Information Online

    Its really no laughing matter, though, and you should take serious steps to avoiding credit card fraud. One of the best ways to avoid credit card fraud is to be careful with your online purchases. Many Web sites will store your credit card information on them, leaving your valuable information out there on the Internet for hackers to steal. That makes it important to always decline a Web site that asks to store your personal information. Sure you may have to re-enter your info every time your make a purchase at a site, but the extra effort is well worth it.

    2. The Verification Code

    Another good step is to only shop at Internet sites that require you to enter the special three-digit code on the back of your credit card. Basically, entering these codes from the back of your card prove to the online vendor that you have the actual card in hand, and havent stolen the number and expiration date.

    3. Temporary Numbers

    Third, look into finding a credit card that provides temporary numbers for Internet purchases. This is a new feature of certain credit card companies out there to prevent fraud. Each time you buy something online, your card provides you with a unique new number known only to you.

    4. Get a Shredder

    When it comes to preventing criminals from opening up new cards in your name, one of the tried and true ways to prevent this form of fraud is by shredding each and every document that comes to you in the mail. This includes every new credit card offer, as well as the statements you throw out from your current cards. Especially be sure to shred those checks that credit card companies send you.

    5. Examine Your Credit Report

    Lastly, take up the credit bureaus offers to allow you to examine your credit reports for free. These credit reports allow you to be certain that no one has opened a credit card in your name without your permission. They also allow you to see if you have old credit card accounts open that youve forgotten about, accounts that are best closed before someone steals your identity through them.

  • January 15, 2018 /  Credit Card
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    Business credit card fraud is a prevalent problem that has cost companies millions of dollars each year. There have been many reported incidents when fraudsters were able to steal private financial information from companies. One of their common strategies is getting into business credit card accounts and using them for fraudulent transactions. Small, medium, or even established enterprises are not spared from the perils of these activities.

    The current loopholes in bank systems are partly to be blamed in the rise of credit card fraud. Even stolen cards that have already been reported and canceled by owners can still be used in fraudulent transactions. As long as fraudsters do not exceed the floor limit, they can use the stolen business credit cards since this kind of transaction does not go through banks electronic systems.

    Floor limits serve to guard merchants and businesses from losses. On the other hand, scammers can also abuse them to dupe unsuspecting consumers. Many industry experts and even authorities are already questioning store policies on floor limits. As observed in many incidents, these floor limits contribute to the rise of credit card fraud cases by providing fraudsters with purchasing power, and a way to avoid card clearance, which can reveal whether the card is blacklisted.

    Business credit cards with microchip technology are safe from this type of fraudulent activity since banks can trace and record every swipe. On the other hand, this technology has only been introduced to the banking industry a couples of years ago. Not all banks in the present have the technology and the budget to run the system. However, microchip technology will be a great means to add security to consumers, and ultimately avoid credit card frauds. It will also equip authorities with enough information to track down perpetrators.

    The Credit Card bill to be passed in the Senate is also seen as an efficient vehicle to bring attention to this issue. The legislation aims to uphold the rights of consumers and ensure that banks carry out their responsibilities. If enacted, the bill will intensify the Congress role in monitoring these kinds of loopholes in bank systems.

    Putting a cap to the rising business credit card fraud is not an easy task. As long as there are loopholes in systems of banking industry, con artists will continue to take advantage of consumers. Banks should have better business credit card fraud management solutions to protect their costumers. The industry can also coordinate with authorities and government agencies to encourage financial institutions to do a more efficient job in acting as vanguards of consumer rights.

  • January 12, 2018 /  Credit Card
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    Finding a credit card that advertises high credit limits is not a very difficult process. However, getting a credit card with a high limit is a lot more difficult these days than it was in the past.

    A year ago, before all the credit crunch problems began, credit card companies gladly handed out very high limits to consumers. Over the past year, though, the number of credit cards advertising high credit limits has decreased significantly. Despite the reduction in advertised credit limits, it is still possible to get initial credit lines of $10,000 to $25,000 if you have good credit. Unfortunately, theres a little glitch in the process.

    We contacted every major card issuer to inquire about credit limits. We found some issuers that offer very high limits and others with average to low limits. Despite these differences, every single credit card company we questioned provided the same answer to the $25,000 question. That is, when asked what the credit limit wed receive was, we were told that the only way to find out your credit limit is to complete the application.

    No matter how high your credit score or how clean your credit report, the credit limit you receive from a bank will vary based on a wide range of internal factors. These secret recipes for determining credit limits also vary widely from bank to bank. For example, one bank may only deem you worthy for a $5,000 credit limit, while another may offer you $15,000. The basic deal is this: apply first, get your credit limit later.

    On our website, we list offers from credit card companies that advertise their credit limits. Unfortunately, you wont know if you were approved for a high limit credit card for anywhere from a few days to a few weeks.

    Fortunately, there are a few maneuvers you can make to get the available credit you want quickly. The first option is to apply for two or three cards that advertise high credit limits. When the cards arrive in the mail, activate the card or cards that offer you the best deal on interest and the right credit limit. If you desired a $10,000 credit limit and you got approved for two cards with $5,000 limits, than you could use those cards together to meet your needs.

    Ultimately, getting a high limit credit card takes a little patience and the implementation of a strategic approach. Applying for multiple credit cards is, in our estimation, the best way to get the credit limit you need on a credit card (or credit cards) with the best rates and terms.