Do you know that when paying by Debit Card, you have only 120 days to make a claim under Visa or Mastercard regulations? 💷 If using a Credit Card, the protection under the 1974 Consumer Credit Act provides you at least 6 years to claim your compensation. 💳 At the same time, the Contingent Reimbursement Model (CRM) Code for bank transfers requires the reports to be submitted promptly. By being aware of the time limits associated with each payment method, you can be a more informed consumer and take control of your financial well-being.
Lincoln Green Solicitors’ Post
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REDUCE THE COST OF COMMERCIAL DEBIT CARD PAYMENTS BY UP TO 60% WITHOUT ALWAYS HAVING TO SWITCH PROVIDER. (Commercial debit processing costs a massive problem for the entire Irish B2B sector since Oct 2022) - 80%+ of merchants can retain their existing processor & still activate these reductions - Identify what card type is being offered by your customers even when accepting over the phone (card not present) payments - Choose between payment methods all in the same portal Speed up settlement time frame, increase card not present security, massively reduce processing costs. CardFox- independent payment consultancy. info@cardfox.ie or 01-5363263
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An original credit transaction is where a merchant sends money (gives money) to a cardholder. It's a unique service, but merchants should be very careful when using it. Source: https://lnkd.in/gRvB9qrU #creditcardprocessing #orignialCredit #originalCreditTransaction #paymentProcessing #merchantServices #merchantaccounts #payments
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Credit card payment services are not rocket science but you do need a a well trained specialist if you ever want to have maximum savings. Here is what I mean: off a monthly statement with Visa sales of $149,069.29 and MasterCard sales of $25,500.77, the client was being charged an interchange rate of 1.71% for Visa and 1.73% for MasterCard. My client reduced these respectively from 1.71% to 1.52% and from 1.73% to 1.59%. For the interchange rates alone, savings of $318 were realized. But wait, that was just the interchange rates. Other monthly savings were available such as card brands, NQA, harware and the account service package. My client was able to obtain an additional $1,145 a month for a total savings of $1,463 ($1,145 + $318) or annual savings of $17,560. The client would have never noticed these savings without the trained eyes of the specialist. If you really want to save, contact me. Through my Linkedin account, by e-mail at hrrypeterson@aol.com citing offer #21359 on the subject line or on my cell. at 819-692-5091.
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Stop Overpaying on Card Fees! Legally Charge the Right Amount and Protect Your Profits with Costless Payment Solutions! Are you charging customers a surcharge when they pay by card? Did you know that you might be losing money on every transaction by not applying the right surcharge? Most businesses overcharge, thinking 3% is the norm, but the law is different! Under the Competition and Consumer Amendment (Payment Surcharges) Act 2016, businesses can only pass on the lowest cost of accepting payments. That could be as low as 60 cents per transaction, while your bank still charges you higher percentages on card types like Visa, Mastercard, or Amex. So, how do you avoid losing money? With Costless Payment Solutions, you can set one simple rate for all card transactions! This not only ensures you're legally compliant, but also allows you to automatically pass on the correct surcharge to your customers—keeping your business fee-free on card payments. Don't absorb the costs or lose profits! Let Costless Payment Solutions help you streamline fees and maximize revenue by passing the correct surcharge to customers, hassle-free.
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Choose peace of mind. Switch to online credit card bill payments and simplify your life. #CreditCardPayments #InstantPayments #SecureTransactions #imoneypay #StressFreePayments
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When is the best #time to #pay #credit #card bill? If you are a credit card #user then you must know – #Global #News #Desk credit card Not paying the #bill on time not only attracts penalty but also late fee. Not only this, your credit score is also negatively affected. So it is important to pay bills on time to maintain your credit score. Credit card users usually get an interest-free period of 45 to 50 days to pay their bills after the statement is generated. If you miss the deadline, interest will start accruing, and the card issuer also charges a late fee. Paying credit card bills on time provides many benefits. If you are paying your credit card bill on time every month, it https://lnkd.in/eUDEVUE4 #besttimetopaycreditcardbill #BusinessNewsinHindi #creditcardbill #creditcardbillduedate #creditcardbillpayment #creditcardbillingcycle #creditcardpayment #personalfinancetips
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What an exceptional post Mark Grant. Having witnessed first hand what your product actually does, and conversly as a buisness owner, and seeing many of our colleagues being stripped of unecessary fees to do with their eftpos facilities by their financial provider of choice. My favourite 'Success story" from you is a gent with several fast food outlets, suffering mortgage stress due to $175,000 AUD annual eftpos fees. Your platform saved him $175,000 in fees. Anyone in Business with an EFTPOS TERMINAL in AUSTRALIA needs Costless payments Solutions. When Optus went down, Costless Terminals search for a satelite and continue to function. NO LOSS of TRADE. Contact Costless Payments Solutions -mark.grant@costlesspaymentsolutions.com #merchantfacility #eftpos #slashbankfees #bankfeeassasin #costsavings #costlesspaymentsolutions
Director of Costless Payment Solutions (Saying no to bank fees for all of your Business Credit Card Payment Solutions)
Stop Overpaying on Card Fees! Legally Charge the Right Amount and Protect Your Profits with Costless Payment Solutions! Are you charging customers a surcharge when they pay by card? Did you know that you might be losing money on every transaction by not applying the right surcharge? Most businesses overcharge, thinking 3% is the norm, but the law is different! Under the Competition and Consumer Amendment (Payment Surcharges) Act 2016, businesses can only pass on the lowest cost of accepting payments. That could be as low as 60 cents per transaction, while your bank still charges you higher percentages on card types like Visa, Mastercard, or Amex. So, how do you avoid losing money? With Costless Payment Solutions, you can set one simple rate for all card transactions! This not only ensures you're legally compliant, but also allows you to automatically pass on the correct surcharge to your customers—keeping your business fee-free on card payments. Don't absorb the costs or lose profits! Let Costless Payment Solutions help you streamline fees and maximize revenue by passing the correct surcharge to customers, hassle-free.
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Ever wonder what happens after you swipe your credit card? Take a look at our illustration to see the journey of each transaction, from your bank to the merchants bank and back again, all in seconds! It's a complex process made simple with secure & reliable payment solutions. #MerchantServices #PointOfSale #CreditCard #Payments #PaymentProcessing #OnlinePayments #PCICompliance #HowTo #AcceptPaymentsEasy #SmallBusiness
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4032 79** **** **** 3451 💡 Did you know the first 6 digits of a payment card (known as the Bank Identification Number (BIN) ) can make your data aggregation much easier? Here’s what BINs reveal: ✅ Card Brand (Visa, Mastercard, Amex, Discover...) ✅ Card Type (Debit, Credit, Prepaid) ✅ Commercial or Personal Use ✅ Card Level (Standard, Gold, Platinum...) ✅ Issuing Country 🌍 ✅ Issuing Bank 🏦 Now that you have the info, you can streamline your cross-referencing processes and avoid creating unnecessary columns in your database. Small trick, but a big difference, especially when working on payment aggregation (a lot of columns and rows 😱) BIN details can be easily accessed via APIs. #Payments #Flexibl #DataOptimization #Efficiency
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A gateway enables merchants to have payments authorized, processed and deposited into their bank account. Gateways quickly and securely verify card accounts for payment approval, then connect financial institutions together to transfer from customer to merchant. All of this activity occurs in about the same amount of time that it has taken you to read these paragraphs. Toll Free - 888-971-9471 Office - 212-971-9444 cardpaymentsystems.com #merchantsolutions #creditcard #mobilepaymentprocessing #paymentsystem #cardprocessing #savemoney #pointofsale #wirelessterminals #virtualterminal
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