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Accepting credit cards-Explained
 
"You have permission to publish this article electronically or in print, free of charge, as long as the by lines are included and all links remain active. A courtesy copy of your publication would be appreciated." Email notice of intent to publish is greatly appreciated but not
Required: chris_dorning@yahoo.com


Accepting credit cards-Explained

Firstly let me point out that it is very difficult, to compete in a highly competitive market without being able to accept credit cards as payment from your customers. Most people who buy online use their credit cards to pay. To accept credit cards you need to be accredit merchant.
There is a big misconception that becoming a “merchant” is a lengthy and expensive process that takes months to complete. This is not the case anymore, there are now many agencies on th enet who are more than happy to give you “merchant” status.

What follows is step-by-step guide to finding and setting up your merchant account.
Firstly, deciding which company you want to use. You obviously want an agency which is reputable, has been around for a few years at least, and one which offers monthly direct payment straight into your bank account.
These, may sound like obvious requirements but believe it or not most credit agencies still pay their customers through cheques. Now I don’t know about you but if I have a really good month, I definitely do not want all my money being sent insecurely through he very questionable postal service. Not to mention the fact that you will wait at least 1 week to receive your money.






After I became I credit merchant my business went up 27% in one week and has remained fairly stable since that time.
















































"Article by Chris Dorning – chris_dorning@yahoo.com
Chris is the webmaster and of http://www.smallbizadvisors.net.
Visit his site for free articles and tutorials focusing on Internet marketing, eBook publishing info and top quality software."
www.smallbizadvisors.net


About the author:

Chris is the webmaster and of http://www.smallbizadvisors.net.






Credit Cards News


Bloomberg

Visa Profit Exceeds Estimates as Credit-Card Spending Rises
BusinessWeek
8 (Bloomberg) -- Visa Inc., the world's biggest payments network, said fiscal first-quarter profit climbed 16 percent as consumers increased use of credit and debit cards. Net income for the three months ended Dec. 31 rose to $1.03 billion, ...
Visa 1Q Profit Rises 16.4% As Transactions JumpWall Street Journal
Visa 1Q profit rises 16 percent as card use risesSan Jose Mercury News

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Rate survey: Credit card rates hold steady for 2nd week
CreditCards.com
By Kate Tomasino The average interest rate on a new credit card offer remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report, though issuers are still tweaking APRs. For a second straight week, the average annual ...
CreditCards.com Weekly Rate Report: Rates Hold Steady for Second WeekMarketWatch (press release)

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Financial Times

China OKs Citi Credit Card Biz
Zacks.com
Citigroup Inc. (C) will launch its own credit card business in China. Its Chinese subsidiary Citibank (China) Co. Ltd. has received approval from the China Banking Regulatory Commission. The company will launch both retail and commercial cards before ...
Citigroup to issue China credit cardsFinancial Times
China Credit Cards, Danish Loans, Mortgage Deal: ComplianceBusinessWeek
Citigroup Gets Approval for China Credit CardsWall Street Journal
San Francisco Chronicle -AFP
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Bloomberg

Credit-Card Borrowing Surged Over Holiday Period
Wall Street Journal (blog)
By Jeff Bater and Jeffrey Sparshott US credit-card debt posted the second solid increase in a row during December, an indication Americans stuck with meager wage gains borrowed to pay for their holiday celebrations. The increase helped raise the level ...
US consumer credit rises $19.3 bln in DecemberReuters
Consumer borrowing surged for second month in December with credit cards and ...Washington Post
Consumer Borrowing Increased In DecemberNew York Times
NASDAQ
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Amex pushing more cards with annual fees
MarketWatch
/quotes/zigman/217470/quotes/nls/axp AXP -0.94% , the largest credit-card issuer by spending, is pushing more cards with annual fees as it tries to generate additional revenue and manage expenses. The New York company has faced concerns over expenses ...
AmEx CEO: Expense Controls In Place As Benefits WaneFox Business

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