Accept Christian Credit Card Checks
When a Christian business chooses to accept credit card checks, they provide a service to customers and have an opportunity to increase sales. Credit card companies often issue checks to encourage people to make purchases they would not normally make because of the large ticket price. If a person has excellent credit, the company may offer an advance to that person to pay off a different debt or obligation. However, if the company chooses to take this form of payment at their place of business, they could benefit from this extension of credit to the customer. Not all businesses accept credit card check payments, and business owners are under no obligation to recognize this as payment for a product or service.
Much like businesses, the customer is under no obligation to utilize the money that is offered by a lender of this nature. Offers are sent to consumers in hopes the individual will take advantage of the fast cash. This is a way for the individual to receive a cash advance with no application or qualification procedures. Lenders are hoping that the consumer will write the check for a large amount so that they can start charging interest on the purchase. It is important for the individual not to be deceived and accept credit card check promotions thinking it will be possible to pay the amount back before the interest starts to accrue. If the consumer does not currently have enough money to cover the expense, they will not likely have the amount to cover the payment when they decide to accept credit card checks.
There is one time that it may be wise to accept credit card check promotions, and that is when companies offer zero percent interest for a number of months. This could allow the consumer to pay off other debts that may have high interest rates. It is important, however, for the individual to have a clear plan for repayment when that term of no interest is up. Most offers of this nature will provide little or no interest for a term of 12 or 18 months. Once that period expires, however, the interest rate will be high and will most likely be charged to the entire term. If a person decides to accept credit card checks for the sole purpose of making their financial situation more disciplined, then the checks may be a good idea. The consumer must make sure they do not accept credit card checks and use the opportunity to squander the money. Debt is a dangerous enemy that easily turns into a bondage. It is important to be guarded against debt by choosing carefully when to accept these offers, and when not to. "O ye simple, understand wisdom: and, ye fools, be ye of an understanding heart." (Proverbs 8:5)
Accept credit card payments, as a business, to attract a wide variety of consumers. Many consumers do not carry cash and use charge accounts for most, if not all, purchases. It is very important for a business to accept credit card payment from consumers to gain and maintain business. Businesses that offer flexibility on payment options to consumers usually enjoy higher sales than those companies that only accept cash or checks. Many consumers purchase on credit these days and companies that don't have merchant accounts may find themselves left behind when it comes to sales.
Customers like the flexibility of using one form of payment. Using a charge account provides consumers with a statement of transactions that keeps a record of all purchases. It also provides customers with the ability to dispute transactions and receive credits. Businesses that accept credit card payments do more business online than those that don't. Online shoppers normally always use charge cards for purchases. Consumer's often use a charge account to purchase online to expedite the purchase allowing them to receive the merchandise on a timely basis. The company who doesn't accept credit card payments has to wait on checks in the mail before the merchandise can be shipped to the consumer.
Merchant accounts may not be very attractive to businesses due to fees that are charged per transaction. Shop around for the best offers on merchant accounts. Some companies offer no set up or application fees along with low percentages on fees charged on transactions. Weigh the benefits of increased sales when considering the fees involved. When businesses accept credit card payment the significant sales increases will probably outweigh the drawbacks associated with merchant fees. Search online for free quotes that offer comparisons to businesses interested in accepting charge cards. Pray and ask God for wisdom in making the best choice. "Who can number the clouds in wisdom? or who can stay the bottles of heaven" (Job 38:37).
Quotes are available online for companies that wish to accept credit card payment for purchases. Quotes include processing in person, by phone, mail, and over the Internet. When comparing merchant accounts beware of companies that charge set-up fees and monthly maintenance fees. Recurring charges that businesses pay to accept credit card payments are called discount fees. These are based upon a percentage of each sale. When shopping for the ability to accept credit card payment compare companies based upon the percentage that they charge on discount fees.
Accept Christian Credit Card Merchant AccountWhen a business chooses to accept credit card merchant account transactions, the company must first authorize their intention to accept these with the credit card company. A confirmation number will be received, which provides a limited guarantee that funds will be available when completion of the deposits are done. Once the guarantee has been made, the merchant must submit the credit card information (either daily or weekly) to their financial institution for deposit into their bank account. For each company that is chosen or approved, there must be written agreements and authorizations in place. This covers both the business and the credit provider in the event that fraud or other negative situations arise. "These are the things that ye shall do; Speak ye every man the truth to his neighbour; execute the judgment of truth and peace in your gates" (Zechariah 8:16).
The rates that are applied to businesses are universal in range. A merchant account typically consists of a 1.85%-1.95% fee. In addition, the regular fee is a non refundable application fee costing $95-$185. The transaction fee to accept credit card merchant account transactions is $0.22-$0.30 per transaction. In order for a company to set up and accept this form of payment for the American Express card, there is an additional $25-$50 set up fee. In addition to the above mentioned fees, the company must also pay a monthly fee of $12-$14.
Companies that want to accept credit card merchant account transactions are wise to make that decision because people today use credit cards for everything. Even banks are offering their clients debit accounts in place of checks. The average person, whether they use a credit card or not, can use a debit card with the Visa or MasterCard logo as a way to pay for items and the funds are withdrawn directly from their account, much like the check writing process. Merchants allow this type of spending because it eliminates the risk of bad checks and allows the consumer to more readily make a purchase.
Most businesses have chosen to accept payment in this form and it is now the most popular way to pay for items, especially with Internet shopping on the rise. A company that has decided to accept credit card merchant account transactions can offer their products and service to people around the globe and receive payment almost instantaneously. There are lower risks involved with this decision because a debit card is instantly approved or declined. Taking the risk from a business owner's sales is a tremendous opportunity and allows more revenue to be created through the use of credit and debit cards.
Businesses accept credit cards online as payments for bills and for purchases of merchandise, as the Internet enters center stage of many different markets. When a business will accept credit cards on line, they are allowing consumers to easily pay for just about everything imaginable. When services and sellers utilize this payment type, consumers can handle payments with the ease of entering numbers and clicking a button, and all from the conveniences of home. Technology is changing the way Americans conduct financial transactions, and everyday, thousands of people are taking advantage of the easy access to buying and paying on the Internet.
Merchants and businesses are joining the Internet to offer their goods and services online to the millions of people that log on for research and shopping. Traditionally storefront operations are getting the technology to accept credit cards online. Even utilities and other monthly cycle services accept credit cards on line for their customer's easy payment convenience. Debit cards are allowing for customers to save on postage, time, and consumers can even use these accounts as easy bookkeeping systems. There are also advantages for customers who use their debit accounts to pay, such as earning advantage points, frequent flyer miles, and other prizes.
Companies that want to accept credit cards online can check into business services that offer help in setting up these policies and business reports. Business services can also help their clients with debt collections and debt management. Also, companies seeking to accept credit cards on line can look into software that will allow the charge to be deposited directly into their checking or bank accounts. Software credit card processing can also have supplement services that prevent against fraud and identity thefts. Businesses that want to accept this form of payment can search the Internet for programs and services that provide the expertise and technical knowledge to help their customers with setting up accounts. Taking advantage of this payment type opens doors for new opportunities and ventures.
The face of doing business is changing and the information age is contributing to the new look. Merchants and Christian businesses that do not join the technology age will miss great opportunities to expand and develop new customers and income. As the business culture turns to a cashless transaction climate, to accept credit cards online will be crucial to keeping customers and keeping them happy. A company should consider the costs, but they must also consider the convenience to accept credit cards on line. "My son, let not them depart from thine eyes: keep sound wisdom and discretion" (Proverbs 3:21).