Comments on: Let Your Customers Pay with Credit Cards http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html Exploring the trends driving small business Fri, 25 May 2012 13:14:55 +0000 hourly 1 http://wordpress.org/?v= By: mixotic : media/technology » Blog Archive » Let Your Customers Pay with Credit Cards http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-674520 mixotic : media/technology » Blog Archive » Let Your Customers Pay with Credit Cards Sun, 18 Oct 2009 21:13:19 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-674520 [...] published on Small Business Trends on October 29th, [...] [...] published on Small Business Trends on October 29th, [...]

]]> By: sell wow accounts http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-664732 sell wow accounts Wed, 05 Aug 2009 07:49:42 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-664732 I support this views and method, this is very great. To build on your list, I might add the following positive outcomes associated with ccard revenue: • Lowered A/R balances means a reduction in the firms required minimum operating cash level, freeing that portion for reinvestment into higher return uses, increasing the overall profitability of the firm. • Lower bad debt expense associated with A/R transactions that have/must be written off. • Increases the transparency of the small businesses financial statements used by current or potential external stakeholders. • Significantly reduces the firms average collection period (ACP), for that portion of total receivables and reduces total company ACP as well on a weighted basis. • Market evidence to suggest credit card financed revenue allows firm to increase prices a rate greater than firms without credit card payment options. I support this views and method, this is very great.

To build on your list, I might add the following positive outcomes associated with ccard revenue:
• Lowered A/R balances means a reduction in the firms required minimum operating cash level, freeing that portion for reinvestment into higher return uses, increasing the overall profitability of the firm.
• Lower bad debt expense associated with A/R transactions that have/must be written off.
• Increases the transparency of the small businesses financial statements used by current or potential external stakeholders.
• Significantly reduces the firms average collection period (ACP), for that portion of total receivables and reduces total company ACP as well on a weighted basis.
• Market evidence to suggest credit card financed revenue allows firm to increase prices a rate greater than firms without credit card payment options.

]]> By: Five Things to Watch Out for when Choosing a Merchant Account | Straight Pass Through http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-506976 Five Things to Watch Out for when Choosing a Merchant Account | Straight Pass Through Fri, 21 Mar 2008 18:49:04 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-506976 [...] you think it is too early to get a merchant account here is a good post to [...] [...] you think it is too early to get a merchant account here is a good post to [...]

]]> By: Alton J. Jones http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-506333 Alton J. Jones Thu, 20 Mar 2008 23:23:45 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-506333 My blog, How To Get Good Credit Gab, provides the opportunity to share thoughts, ideas and experiences about obtaining good credit and emphasizes the importance of building and maintaining good credit and the perils of personal financial mismanagement. Please consider adding this video you your site: http://www.youtube.com/watch?v=2fi0okku_X4 My blog, How To Get Good Credit Gab, provides the opportunity to share thoughts, ideas and experiences about obtaining good credit and emphasizes the importance of building and maintaining good credit and the perils of personal financial mismanagement.

Please consider adding this video you your site:
http://www.youtube.com/watch?v=2fi0okku_X4

]]> By: Jeff Chavez http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-425094 Jeff Chavez Thu, 13 Dec 2007 20:05:20 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-425094 I really appreciated this post on paying with credit cards without using a merchant account. It's something that every entrepreneur should be aware of. We have a large subscriber base and we featured this post on our site under the Sales and Marketing category on our content site www.northstarthinktank.com. Thanks again for the useful information! I really appreciated this post on paying with credit cards without using a merchant account. It’s something that every entrepreneur should be aware of.

We have a large subscriber base and we featured this post on our site under the Sales and Marketing category on our content site http://www.northstarthinktank.com.

Thanks again for the useful information!

]]> By: blogmarks for 2007-11-01 at inluminent http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-420713 blogmarks for 2007-11-01 at inluminent Fri, 07 Dec 2007 19:36:34 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-420713 [...] Let Your Customers Pay with Credit Cards [...] Let Your Customers Pay with Credit Cards

]]> By: aika http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-386411 aika Wed, 07 Nov 2007 08:08:02 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-386411 this is a very helpful post especially a great option for those planning to use this services. I would like to share this site, hope this can be a great help: http://www.businesscreditcardsite.com this is a very helpful post especially a great option for those planning to use this services.

I would like to share this site, hope this can be a great help: http://www.businesscreditcardsite.com

]]> By: Angela http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-379978 Angela Tue, 30 Oct 2007 21:18:29 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-379978 I was getting ready in a week to use Pay Pal to process my clients credit card transactions, because I thought they had the best deal. You have given me some other good options to consider. I was getting ready in a week to use Pay Pal to process my clients credit card transactions, because I thought they had the best deal. You have given me some other good options to consider.

]]> By: Robb Lejuwaan http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-379856 Robb Lejuwaan Tue, 30 Oct 2007 17:53:43 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-379856 I stand corrected - you obviously can get a merchant account directly from authorize.net. However - I do want to state that 1.09% is highly unlikely since that is below significantly below cost directly from Visa and MasterCard. If a business were to have such a rate they would hammered with other rates and fees. Here are the rates my company, US Merchant Services, charges when using authorize.net: One-Time Set-up: $99 Monthly Gateway Access: $10 Per Transaction: $0.05 Standard Merchant Account Rates: Monthly Statement/Support: $7.50 Visa/MasterCard per Transaction: $0.20 Base Visa/MasterCard Qualified Discount Rate: 2.25% Not only do we have a lower base rate but we do not pad surcharges. Monthly Minimum Discount: $0* Early cancellation fee: $0 *This means that at the end of the month, you will only be charged for the volume you run through the account. If this is all foreign stuff to you please check out my blog and you will learn a ton! http://www.straightpassthrough.net I stand corrected – you obviously can get a merchant account directly from authorize.net.

However – I do want to state that 1.09% is highly unlikely since that is below significantly below cost directly from Visa and MasterCard. If a business were to have such a rate they would hammered with other rates and fees.

Here are the rates my company, US Merchant Services, charges when using authorize.net:

One-Time Set-up: $99
Monthly Gateway Access: $10
Per Transaction: $0.05

Standard Merchant Account Rates:

Monthly Statement/Support: $7.50
Visa/MasterCard per Transaction: $0.20
Base Visa/MasterCard Qualified Discount Rate: 2.25%
Not only do we have a lower base rate but we do not pad surcharges.
Monthly Minimum Discount: $0*
Early cancellation fee: $0
*This means that at the end of the month, you will only be charged for the volume you run through the account.

If this is all foreign stuff to you please check out my blog and you will learn a ton!
http://www.straightpassthrough.net

]]> By: Aaron Smith http://smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-379854 Aaron Smith Tue, 30 Oct 2007 17:42:46 +0000 http://www.smallbiztrends.com/2007/10/let-your-customers-pay-with-credit-cards.html#comment-379854 That's probably the most valuable information on this page Tony! Knowing that they will waive certain fees is essential in pricing these services. Washington Mutual eventually agreed to waive their setup fee, and eliminate the 2 year commitment, but by that time it was too late. It just goes to show that with all of these options, it pays to investigate...and negotiate! That’s probably the most valuable information on this page Tony!
Knowing that they will waive certain fees is essential in pricing these services. Washington Mutual eventually agreed to waive their setup fee, and eliminate the 2 year commitment, but by that time it was too late.
It just goes to show that with all of these options, it pays to investigate…and negotiate!

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