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Pat McDavitt - ArticlesC. J. & Tuck Consulting, LLC owns and operates http://www.cashflownow.org. We specialize in Electronic Payment Processing Services and offer low cost Electronic Check Conversion. For more information, contact: Pat A. McDavitt, Sole Manager of C. J. & Tuck Consulting, LLC. Email: pat@cashflownow.org. Telephone: (512) 837-1358. Fax: (512) 837-0345. Understanding Card AcquiringPlease consider this free-reprint article written by:
Pat A. McDavitt
You are welcome to publish this article free of charge provided:
You include the byline.
You don't change the article in any way.
You provide a courtesy copy once published.
You are not allowed to use this article in UCE (Unsolicited Commercial... Consolidated Check ReturnsConsolidated Returns:
A consolidated returns program can reduce your returned check bank fee to as little as $2 per check or less, and improve your overall rate of collection by accelerating the returns process.
Your bank may currently be charging you $5 or more for each returned item. The Consolidated Returns process... Remote Deposit CaptureAccording to Patti Murphy of the Takoma Group, just a few years ago bankers were telling us that we would all be carrying a single card (what today might be called a smart card) with which we could transact all types of business electronically.
Now, here we are in the 21st... Interchange For DummiesInterchange is the wholesale price (also called discount rate, fee and variations thereof) charged by Visa U.S.A. and MasterCard Worldwide for authorization and settlement of a credit card transaction. For example, a merchant is charged 3.5% of $10.00 is 35 cents. About 80% of those 35 cents (about 28 cents)... Do You Know The Rules?What you NEED to know about your use of the ACH
Your failure to understand the rules could result in fines of $10,000 per month until the problem is resolved!
Using the ACH is a powerful and convenient addition to your receivables management tools. It brings with it some very important responsibilities.... Automated Payments is an Excellent Way to Collect Your ReceivablesEveryday companies across America are realizing the benefits of automated payments. There are literally billions of electronic payments being processed each year through the ACH (Automated Clearing House) System. Since 1974 this nationwide network has provided business and government agencies with a fast, inexpensive way to move money.
In the same... Having A Merchant Account Is No Longer An Option!Setting up a merchant account makes it easy and affordable for your business to accept credit cards.
Setting up merchant account services offers you:
Improved customer satisfaction
Larger customer base with more payment options
Increased credibility for your business
With a merchant account you can offer your customers several payment options:
... Why Spend Your Valuable Time Trying To Collect Returned Checks?You can let a bad check recovery service do it for you! When your customer bounces a check, your bank forwards the returned check to the bad check recovery service that you have chosen to represent you. The check is entered into a database and re-submitted electronically via the ACH... Here Is A List Of Questions That A Merchant Should Ask Companies Offering Payment-Processing Solutions In Order To Verify Their Ability, Reliability AQuestion: How responsive will a payment solutions provider be to a merchant?
Industry standards: Voice mail or email.
Optimal: Voice mail or email should be answered the same day. In addition, telephones should be answered by real people.
Question: Do they offer a complete line of payment processing services?
Industry standards: Lack of a... Contactless Payments Merchant AccountsContactless Payments Merchant Accounts
Consumers don't like carrying cash but are wary of handing over a credit card because of the risk of credit card fraud. But what's the alternative?
Contactless payments.
The next generation of electronic payment, contactless payments don't require the customer to hand over their card. The whole transaction is...
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