Date: Wed, 26 May 10 02:09:39 -0500
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Daljeet Sidhu offers the following royalty-free article for you to publish
online or in print.
Feel free to use this article in your newsletter, website, ezine, blog, or
forum.
-----------
PUBLICATION GUIDELINES
- You have permission to publish this article for free providing the "About the
Author" box is included in its entirety.
- Do not post/reprint this article in any site or publication that contains
hate, violence, porn, warez, or supports illegal activity.
- Do not use this article in violation of the US CAN-SPAM Act. If sent by
email, this article must be delivered to opt-in subscribers only.
- If you publish this article in a format that supports linking, please ensure
that all URLs and email addresses are active links.
- Please send a copy of the publication, or an email indicating the URL to
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- DistributeYourArticles (www.DistributeYourArticles.com) has distributed this
article on behalf of the author. DistributeYourArticles does not own this
article, please respect the author's copyright and publication guidelines. If
you do not agree to these terms, please do not use this article.
-----------
Article Title: Small Business Credit Card Processing - Top Tips on Avoiding
Paying More for Transactions
Author: Daljeet Sidhu
Category: Business, E-Business, Finance
Word Count: 461
Keywords: credit card processing, merchant account, merchant account service,
credit card service
Author's Email Address: [email protected]
Article Source: http://www.distributeyourarticles.com
------------------ ARTICLE START ------------------
Credit card payments are becoming increasingly common and businesses that
incorporate credit card processing (CCP) solutions enjoy considerable increase
in sales. The retail industry in particular has taken to accepting credit card
payments in a huge way. Most organizations that offer credit card (CC) payment
options are not aware of the actions that inadvertently make them pay more than
necessary for such transactions.
You can avoid paying more for CCP by following these guidelines:
Avoid manual entry of credit card number
CC often get damaged by scraping with other card in the customer's purse. If
the magnetic strip is demagnetized, the swipe machine cannot read it. To
overcome this problem, checkout staff key in the CC number manually.
CCP fee increases with the risk involved in such a transaction. Entering a card
number manually increases the processing fee to almost double, as the physical
card is not used in the transaction. Such transactions are a risk to the
business, the CC company and the customer. Many such transactions in a month
can increase the business' payout to CCP vendor by a good margin.
The business should train checkout staff to ask for an alternative CC if the
one in hand is not working. More often than not, customers carry more than one.
Process manually only if an alternate card is not available.
Frequently check credit card processing statements against income statements
Compare the CCP statement against the income statement often to detect
transactions where customers have stopped payments to CC companies. You may be
paying for invalid charge backs.
Some customers purchase products and regret it later. Instead of following the
correct protocol of returning the product to the store and asking for a refund,
these customers call up their CC company and stop the payment by disputing the
charge. This is a bad practice and the business bears the charge back to the
CCP vendor.
You can keep a tab on such transactions and customers by developing an
efficient system to compare income statements and CCP statements regularly.
Avoid fraud by using the following procedures consistently
Credit card fraud occurs every day. Small-time fraudsters can be checked by
following simple procedures to verify the identity of the card holder before
processing the payment. Simple checks include asking for ID, matching
signatures and not accepting cards based on relationships with the cardholder.
Businesses must train staff to follow these procedures consistently and
conscientiously to protect itself and its customers from fraud.
The key to saving money is avoiding actions that incur cost. Follow the simple
measures explained above to avoid paying extra for CC transactions. CC payments
are a great way of boosting sales and you can minimize the risks associated
with it by following CCP guidelines consistently. Train your staff to follow
these simple measures to avoid fraud and lower your costs.
http://www.tradeseam.com/smallbusiness/buying-guides/view-buying-guide/852/Credit+Card+Processing
http://www.tradeseam.com/smallbusiness/business-resources/get-free-quotes/852/Credit+Card+Processing
http://www.tradeseam.com/smallbusiness/leads/small-business-leads
------------------ ARTICLE END ------------------
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Daljeet Sidhu offers the following royalty-free article for you to publish =
online or in print.<br>Feel free to use this article in your newsletter, we=
bsite, ezine, blog, or forum.<br>-----------<br>PUBLICATION GUIDELINES<br>-=
You have permission to publish this article for free providing the "About =
the Author" box is included in its entirety.<br>- Do not post/reprint this =
article in any site or publication that contains hate, violence, porn, ware=
z, or supports illegal activity.<br>- Do not use this article in violation =
of the US CAN-SPAM Act. If sent by email, this article must be delivered to=
opt-in subscribers only.<br>- If you publish this article in a format that=
supports linking, please ensure that all URLs and email addresses are acti=
ve links.<br>- Please send a copy of the publication, or an email indicatin=
g the URL to [email protected]<br>- DistributeYourArticles (www.Distr=
ibuteYourArticles.com) has distributed this article on behalf of the author=
. DistributeYourArticles does not own this article, please respect the auth=
or's copyright and publication guidelines. If you do not agree to these ter=
ms, please do not use this article.<br>-----------<br>Article Title: Small =
Business Credit Card Processing - Top Tips on Avoiding Paying More for Tran=
sactions=0D<br><br>Author: Daljeet Sidhu<br>Category: Business, E-Business,=
Finance<br>Word Count: 461<br>Keywords: credit card processing, merchant a=
ccount, merchant account service, credit card service<br>Author's Email Add=
ress: [email protected]<br>Article Source: http://www.distributeyoura=
rticles.com<br>------------------ ARTICLE START ------------------<br><br>C=
redit card payments are becoming increasingly common and businesses that in=
corporate credit card processing (CCP) solutions enjoy considerable increas=
e in sales. The retail industry in particular has taken to accepting credit=
card payments in a huge way. Most organizations that offer credit card (CC=
) payment options are not aware of the actions that inadvertently make them=
pay more than necessary for such transactions.=0D<br>=0D<br>You can avoid =
paying more for CCP by following these guidelines:=0D<br>=0D<br>Avoid manua=
l entry of credit card number=0D<br>=0D<br>CC often get damaged by scraping=
with other card in the customer's purse. If the magnetic strip is demagnet=
ized, the swipe machine cannot read it. To overcome this problem, checkout =
staff key in the CC number manually.=0D<br>=0D<br>CCP fee increases with th=
e risk involved in such a transaction. Entering a card number manually incr=
eases the processing fee to almost double, as the physical card is not used=
in the transaction. Such transactions are a risk to the business, the CC c=
ompany and the customer. Many such transactions in a month can increase the=
business' payout to CCP vendor by a good margin.=0D<br>=0D<br>The business=
should train checkout staff to ask for an alternative CC if the one in han=
d is not working. More often than not, customers carry more than one. Proce=
ss manually only if an alternate card is not available.=0D<br>=0D<br>Freque=
ntly check credit card processing statements against income statements=0D<b=
r>=0D<br>Compare the CCP statement against the income statement often to de=
tect transactions where customers have stopped payments to CC companies. Yo=
u may be paying for invalid charge backs.=0D<br>=0D<br>Some customers purch=
ase products and regret it later. Instead of following the correct protocol=
of returning the product to the store and asking for a refund, these custo=
mers call up their CC company and stop the payment by disputing the charge.=
This is a bad practice and the business bears the charge back to the CCP v=
endor.=0D<br>=0D<br>You can keep a tab on such transactions and customers b=
y developing an efficient system to compare income statements and CCP state=
ments regularly.=0D<br>=0D<br>Avoid fraud by using the following procedures=
consistently=0D<br>=0D<br>Credit card fraud occurs every day. Small-time f=
raudsters can be checked by following simple procedures to verify the ident=
ity of the card holder before processing the payment. Simple checks include=
asking for ID, matching signatures and not accepting cards based on relati=
onships with the cardholder. Businesses must train staff to follow these pr=
ocedures consistently and conscientiously to protect itself and its custome=
rs from fraud.=0D<br>=0D<br>The key to saving money is avoiding actions tha=
t incur cost. Follow the simple measures explained above to avoid paying ex=
tra for CC transactions. CC payments are a great way of boosting sales and =
you can minimize the risks associated with it by following CCP guidelines c=
onsistently. Train your staff to follow these simple measures to avoid frau=
d and lower your costs.<br><br>http://www.tradeseam.com/smallbusiness/buyin=
g-guides/view-buying-guide/852/Credit+Card+Processing=0D<br>http://www.trad=
eseam.com/smallbusiness/business-resources/get-free-quotes/852/Credit+Card+=
Processing=0D<br>http://www.tradeseam.com/smallbusiness/leads/small-busines=
s-leads=0D<br><br>------------------ ARTICLE END ------------------<br><br>
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