Retail Merchant Account
issued credit card refund to non-exisitent credit card?

When i returned something at a retail store, they manually entered my card to credit my account. But now I realize she inverted the first four numbers with the second set of 4 numbers. The card doesn’t exist?! Will the retail merchant be informed? How do I get a refund?

Changing numbers on a credit card will cause it to fail the check sum validity test. You’ll have to contact the store customer service to find your money. The CC company can’t trace your refund because account number doesn’t exist and they can’t identify you.

But call the CC company anyway and give it a shot. They may have your money in an unclaimed funds account (that has to be turned over to the state after a certain number of months).

The CC company may be able to identify the transaction by the transaction and/or approval number.

Hope you have your receipts. You’ll need them.

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Ecommerce Merchant Accounts
What is the lowest eCommerce merchant account rate?

Has anyone done any research on that?

It’s hard to say what the lowest eCommerce card processing rate is, because there are so many providers out there. Until a few months ago the lowest rates were around 2.22%, now some merchant providers offer rates as low as 2.15% (http://unibulmerchantservices.com/apply-online/ecommerce-merchant-account for one).

You need to be aware that there are other factors influencing the overall processing cost and carefully review your pricing in its entirety before comitting.

Good luck!

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Credit Card Processing Service
What are the bank of america merchant credit card processing fee’s? ?

I can’t find them anywhere on the site or through numerous google searches. I’m looking for the rates for my smoothie shop doing $2-6 transactions in the range of 20-50 credit card transactions a day.

Any opinion on Costco or Bj’s merchant services? They seem pretty cheap.

They probably don’t post them because they change periodically and also want you to contact them so they can get their foot in their door and try to close the deal.

As a retail business your rates will be in the 1.60% range with a transaction fee around 20-25¢ with monthly statement fee of about $10.

Because your average ticket is so low you will want to make sure you get the lowest transaction fee possible for your merchant account. If you look hard enough you should be able to find one with a fee below 20¢ per transaction.

Use the rate/fee calculator below to figure out which rates are best for you.

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Payment Gateway Providers
How do I become payment gateway service provider in india?

what are requirements to become payment gateway service provider or merchant service provider in India? what is the full procedure for it?Please tell me , how much it will cost?

if you want to take money from ATM/credit card
then you need to implement a payment gateway from the respective bank , nd it is very costly to implement a gateway . so check all options before you put any money in the business

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Merchant Credit Card Processing
What is the BEST credit card processing company?For credit cards and electronic checks, (merchant services).?

So many companies out there who do you choose?

Simple Payment Systems is truly the absolute best for credit card and electronic check processing. The electronic check processes the check like a credit card. So if the check is deposited into your account ASAP from your business. If it is bad you know right away. I have done research for a long time. They give you free equipment, free training, free software- with a check out cart! (if you have a web site also that you want to sell items on.) They beat discount rate quotes that you give them too. They have 24 hour live help, which is handy. FDIC insured. Make sure you tell them you want the free program. We switched from another company over to them. And have never been happier. Go to their web site and call them or fill out the form and they can contact you. I did countless hours of research! Trust me they are the BEST.
Best wishes!

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Merchant Credit Card Account
Why do retailers have rules that counter act credit card companies rules?

why do companies ask for id’s , why do some stores charge surchages on credit and debit purchases and minimum and maximum purchase amounts

some credit card merchant account rules say that you cant do these things no matter and they state that all companies and governments must listen to there merchant rules,
my thing why even accept them if you cant follow their rules

like the surcharges companies charge to consumers so they dont have to pay the fee, if they couldnt afford the fee they shouldnt accept credit cards
just like people dont buy what you cant afford businesses should do the same, do accept what you cant afford

Asking for an id protects you. In this day and age of identity theft I do not understand why anyone gets upset when the store is only trying to keep someone from STEALING from you.

As for the rest it is because credit card processing is hugely expensive and getting worse all the time. We have had ZERO chargebacks in over 3 years yet my rates are going up, again!

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Merchant Account Uk
Has anyone in the UK tried using their Maestro card in the U.S. as a MasterCard?

I know how Maestro Card and MasterCard work but the U.S. has an odd set up.

In the U.S. Debit cards with a MasterCard and Visa symbol can be used at least two way. A pin transaction and a signature transaction. Both methods come out of a chequing account.

Since a lot of Merchants in the U.S. don’t take the Maestro card. I was wanting to know if a Maestro debit card would work at merchants that takes just Mastercard and you would sign for your purchase. The U.S. does not have chip & pin.

Sorry if wrong category.

Yeah my exbf did when he came to America from England and it worked just fine – on the tellers (cash points) here it has Maestro card picture on it and all the other cards it takes. Not sure what you mean about not having pin we use our cards with a pin number all the time. Unless you mean for Maestro but that’s because we don’t have Maestro but our MasterCards do have pin to buy something. hope that helps! xxx

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