How many credit card transactions per year in the US?
21.7 billion in 2006. Source: http://www.frbservices.org/files/communications/pdf/research/2007_payments_study.pdf
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Passing the Buck . Many small businesses have concerns about the transaction fees associated with accepting credit card payments, and that is what initially scares small business owners away from accepting credit cards. However, before you dismiss the idea, there are some options that you need to… consider with regard to credit card acceptance.. The main costs of accepting credit cards are the credit card transaction fees and the cost of acquiring the equipment and software necessary to accept credit cards. Merchants always have the option of absorbing credit card transaction fees by increasing the price of their products. However, if you want your prices to remain competitive, then blatantly raising your prices could lose you customers.. One way to pass on a large part of your transaction fees to the customers is by charging a convenience fee. You could only allow credit card users to use their credit cards when there is a situation in which cash or checks cannot be used, such as payment via telephone or online. Customers paying with credit cards are receiving a benefit in that they can pay from the convenience of their own home and avoid waiting in line. By charging a ï¿½convenience feeï¿½ on credit cards, you are still giving your customers the option of avoiding the fee by selecting another payment method, such as mailing in a payment or making a payment in person.. Another way to pass on transaction fees is to offer your customers different payment options. By employing this method, credit card users wonï¿½t feel that they are the ones being singled out and penalized because you are not assigning fees to a means of payment, such as cash, check or credit card, but rather to different payment methods, such as phone, mail, or ï¿½walk-inï¿½ service.. However . It would be a violation of the merchant agreement with most credit card companies to charge a "convenience fee" or any other surcharge because the customer selected this method of payment. Any retailer found violating these rules may pay heavy fines or have their credit account suspended or terminated. For example, VisaUSA, Rules for Merchants, Page 10: "Always treat Visa transactions like any other transaction; that is, you may not impose any surcharge on a Visa transaction." (MORE)
If you left the US and have not paid the credit card for a year and now want to return would the credit card companies be able to trace and sue you?
Sure, if you get a job , it would be fairly easy for a "skip tracer" to track you down.
Answer . \nI can only assume that you are asking in regard to registering a sale at point of purchase. If you do not have a scanner for the cards, you must have a slider or you can enter the information manually, but you absolutely MUST have credit slips which are furnished by either the credit… card company or your bank. Once you have these slips, all you have to do is fill in the blanks. It is very simple. sunnyraye (MORE)
Answer . yes if the credit contract is counter signed by a guarantor. This means that if there are any problems with the paymnet the guiatantor is liable for the debt.
You will have to pay the debt + interest on your return to the US assuming the debt collectors have not chased you down in India already.
Answer . as long as they want to, Generally they will sell the account to a collegetion agency after 6 months of non-payment
Answer . I don't know about fees, but the value of the currency varies based on the dollar. For instance, the British pound is sometimes $1.63, other times like $1.85. It can change daily during your visit. Like when you are home, the store/restaurant may post the purchase on a different day th…an when you were there, and the credit company will charge you that rate. It is disconcerting to get home and notice the difference, which is usually higher. Check with your card to see if there is a conversion charge, also. I take money orders written in that country's currency, which can be bought from AAA. (MORE)
Answer . According to the CIA factbook https://www.cia.gov/library/publications/the-world-factbook/geos/us.html which conducts studies about many facets of each state and countries statistics based on census and other information, the United States has a population growth of 0.894% (2007 e…st.) and a birthrate of 14.16 births/1,000 population (2007 est.) with a male to female ratio of 1.05 males/female. (MORE)
Credit card offer for 4.99 for the life of the transaction Should you use the credit card checks to pay off a second mortgage of 12900 at 8.73?
Generally it is not a good idea to use a credit card to pay off a mortgage, but the difference in interest rates makes this worth at least a look. Here are factors you should consider: 1. The monthly payment may be higher on the credit card, even though the interest rate is higher. That's beca…use the amortization schedule could be much shorter. If an increase in payment amount would be a problem for you, then this could be a deal breaker. 2. Check the fine print to make sure the 4.99% rate cannot increase, even if you make additional charges later or are late with a payment. Many credit card agreements allow them to change the terms even if you are only one day late on one payment. You could set up an automatic monthly payment from your checking account or other source to avoid the late payment - but check this carefully. 3. Even at a lower rate, you might wind up paying much more interest in the long run if you are making only minimum payments. 4. The interest expense on the credit card will not be tax-deductible, whereas the interest expense on your mortgage is likely deductible. 5. You are giving up available credit that you might need later. Consider whether you have other sources of cash or credit in case of an emergency, etc. Hope that's helpful. (MORE)
The statute of limitations (SOL) for credit card debt in the stateof Texas is 4 years. This time period begins on the last date ofpayment.
From the Federal Reserve's 2007 Payments Study Press Release: http://www.frbservices.org/files/communications/pdf/press/2007_payments_study_press_release.pdf "Among the three main types of electronic payments, the annual use of debit cards increased by about 10 billion payments over the survey… period to 25.3 billion payments in 2006. Debit cards now surpass credit cards as the most frequently used electronic payment type. Over the same period, automated clearinghouse (ACH) payments grew to 14.6 billion, an increase of almost 6 billion payments. Credit cards grew by almost 3 billion payments to 21.7 billion in 2006. " Since this is a fairly mature market figure a growth rate in 2007 equal to 2006 grow rate of 13.8% and you get an decent estimate of 24.7 billion in 2007. (MORE)
In standard universities it is usually 4 credits a course . In the US, at least, the standard is that a course which meets for one hour per week over the full semester is worth one credit hour. This is assuming it's a lecture class; lab courses are generally one credit hour per three hours in the l…ab per week. So a lecture course that meets for one hour on Mondays, Wednesdays, and Fridays would be worth 3 credits; a lab course meeting for three hours on Tuesdays and Thursdays would be worth 2 credits. (MORE)
How can you cancel a credit card transaction when you order a product online and it never arrives to you?
If it's already processed you probably can't cancel it, but you can contact the credit card company and initiate investigation/refund processes for a product purchased not received. Just call, explain the situation, and ask what steps are needed to recover your money.
you usually can. perhaps your debit card doesn't have the "visa" or "mastercard" logo. If not, then you will have to get one that does or get a major credit card.. But you should always use a credit card for online purchases. They have a higher level of consumer protection that doesn't exist on deb…it cards.. Here's an interesting article that i came across that discusses the difference:. http://www.creditscorehero.com/blog/2008/11/buyer-beware-liquidation-sales.html (MORE)
\nIn short, the answer is NO. A customer cannot stop payment on a credit card once you have authorised it, i.e. put in the pin number on the card machine or clicked the 'payment' button on an internet shopping site, in the way you can stop payment from say a cheque.\n. \nHowever, you can rise a 'd…ispute' over your purchase/order after the payment has gone through under certain conditions, like if the company was dubious or you did not receive goods, and get your money back that way. Your credit card company will send you some dispute forms to fill in, those will then be passed for to their legal team, who did then investigate into it and try and get the money back. The process may be long and tortured. (MORE)
about 87% of business in the US accept credit cards. Most of the 13% that do not are business to business companies that deal in large orders from merchants which are usually paid in the form of a wire transfer. According to Jack Dorsey of Twitter and Square, there are 8 million US merchants who a…ccept credit cards (MORE)
A credit card requires a contract. Contracts can not be executed with a minor (someone under 18). So you would need a parent or guardian to be a co-applicant or guarantor if you want a credit card.
Transaction that is settled with cash before or after the time of trade. dealings which you could pay for the good later.
Picture a prepaid credit card like a wallet. Can you still buy things when there is no money in your wallet? No you can't. A prepaid credit card is not really a credit card in the sense of the word credit. Credit means that you can purchase something now and pay for it later. A prepaid card has a li…mit on it and once that limit has been used, like your empty wallet it is no longer useful. (MORE)
Credit cards came into use in 1951. One of the first credit cardswas the Diners Club card and Visa.
Perhaps the easiest way to utilize EFT (Electronic Fund Transfer) online is by using PayPal, a service provided through eBay for personal or business use. PayPal offers several different service options that can be found on their website which is linked below in this answer. If you need to develop a… business website or platform for payment and you have a larger business base, PayPal offers integration services that can seamlessly add transaction capability to your website without having to utilize PayPal's website directly. This is a good option if you are trying to create a more streamlined website for a more developed organization. Otherwise, the personal/business service works well and is more affordable. (MORE)
With 300 million people the USA therefore has about 12,900 murders in a given year.
How do i pay a private seller using a credit card without paypall PayPal will not let me use a credit card for the transaction and i already have the guitar?
Ask the seller for their bank account and sort code - then transfer the money directly.
There is no legal limit; however, some companies may have a policy limiting the forms of payment, or the amount of change, that they will accept.
Indefinitely!! However that "statute of limitations" is different per state. These limitations prevent an agency from suing you or reporting your debt to the credit bureaus if the age of the debt is too long. Here's the limitations per state: http://www.nolo.com/legal-encyclopedia/statute-of-limi…tations-state-laws-chart-29941.html Experience: I own a collection agency. (MORE)
Fraudulent Transactions Fraudulent transaction is any transaction that takes place in your account that you did not authorize. This includes someone physically stealing your card and use, and where the number has been compromised, while the physical card is still in its possession. When the card …is stolen, the most common fraudulent transactions will be gas stations and fast food restaurants. Most thieves are going to fill them and the vehicles of his friends "with the gas you - at least, that's their thought process. They will also go to eat, somewhere easy and quick to escape in case there is a problem. When your card has been compromised, the most common operations are transactions online. Your card may be compromised in a number of ways. There have been cases where waiters in restaurants have been writing the numbers when customers have used them to pay. There are also small scanner attached to ATMs and gas pumps that collect data and the thief can pick up at a later time. It is very important that you be alert and carefully you hand your card to. Source: http://www.moneymanagersllc.com/ (MORE)
SCC can stand for a number of institutions. However, the below indicates information on associate and bachelor degrees. The associates degree is designed as a two year program of study as a full-time student provided the student takes the degree as prescribed by the college, and provided the stude…nt does not require prerequisite coursework as a result of basic skills testing. There are some programs of study that may take a bit longer depending on the number of credits required. Usually these are programs within the health related fields. In addition, for students who require developmental course work as a result of basic skills testing, it would take longer. How much longer would depend on the extent of the developmental courses they are required to take. Evidently, those individuals who attend college on a part-time based would also extend their time in school. How much longer would depend on the credit load carried each semester . Typically, an associates degree takes between 60 and 64 credits to complete depending on the specific school, program of study, and state mandates. A bachelor's degree in most areas can require between 120 to 128 college credits particular to a specific program of study. This would be based on a college or university that operates on a regular two semester academic year which is the most common. For institutions that operate on a tri-semester or quarter-semester it would be quite different. That being said, the Bachelor's degree - in most cases - is designed as a four year program of study , provided the student is full-time and follows their chosen program of study as prescribed by the college or university, and also provided the individual does not require prerequisite or developmental coursework as a result of basic skills testing. The minimum credit load for a full-time student is no less than 12 credits per semester. However, to complete the degree within the four years, a credit load of approximately 15 to 18 credits is recommended. For individuals who work or who have other responsibilities that would prohibit them from attending full-time, completion of the degree may take twice as long. Still, some of this time can be cut down by attending summer sessions and/or interim sessions. In addition, the bachelors and associate degrees are referred to as undergraduate degrees while the masters and doctorate degrees referred to as graduate degrees. (MORE)
For colleges and universities that operate on a regular two semester academic year, 15 credits is the average credit load. Some students may take 18 credits per semester. Many colleges put a maximum on 18 credits. Any more would have to have the approval of the vice president for academic affairs. S…till, in addition some students take advantage of taking summer and interim sessions which would increase the number of credits for the years. However, you should be careful not to overload yourself and put yourself at risk. Students who overload themselves may sacrifice their grade point average and put themselves at risk of dropping out or failing out. Try to use an appropriate balance. (MORE)
An alternate tender means for a credit card means a vendor or purchaser presents an alternate form of payment.
No they should not. The security of credit card transactions should mean that the only information the store should be keeping is how much was spent in store each day
You don't get monthly points, it doesn't work like that, the only way to increase your score is to have good positive open trade lines with no lates and as they get history and age on them your score will increase as time goes on.
How embarrassing! It is more like a red flag (to you) that you have an issue with the credit card company. It could be in error, but it may also mean that you have met or exceeded your limit. Contact the credit card company as soon as possible to solve the issue.
If he wants to KEEP a green card, he must live in the U.S. 6 months out of every year, although extensions are possible (such extensions are granted at the discretion of USCIS, you do NOT have a right to an extension) Another answer On the USCIS website, under "International Travel as a Perman…ent Resident," it says essentially: . The rule of thumb is that if you are out of the country for over than a year, they may question whether you intended to make the US your permanent residence. . Shorter trips may still be a problem, if they don't think you were intending to make the US your permanent country of residence. Under those circumstances, they may consider evidence such as family and community ties in the US, maintaining US employment, filing US income taxes, keeping a US mailing address and bank accounts, owning property or running a business in the US, maintaining a valid US driver's license, etc. . Trips of six months or more may disrupt continuous residency for naturalization purposes, but there are ways around that. That page also mentions requirements of foreign countries (visas, etc.), requirements for reentry into the US, longer trips, etc. (MORE)
Both debit card and credit card can be used to pay for purchasinggoods or services. However, when you use a debit card, the amountis directly deducted from your bank or checking account. On theother hand, when you use a credit card, the issuing bank orinstitution pays for your purchasing in full and… you will pay thecredit card issuer either in full or installments with certain feesor interests. As per experts from Credit Nation, with a Credit Card, you candelay payment of the bill by up to 50 days. Also, most card issuersgive you a discount on the next year's annual fees if you makepurchases over a certain specified amount on your card. For more details, you can visit website of creditnation or theirfacebook page. (MORE)
theses are three in kind and many in brands and co-brands 1) ATM cards 2) Debit cards 3) credit cards in brands theses are 1) master (debit/credit /ATM card) 2) Visa 3) dinner's club 4) Many stores have their own customer cards 5) Many companies like airlines have co-branded cards with visa or maste…r (MORE)
A lot of credit card a stolen or have money taken off them each year.A lot of money is lost to people who should not have
Trading day - the actual cardholder date of the transaction with the card. Billing date - also known recorded date refers to the cardholder with a card transaction, the issuing bank transaction amount will be credited to the date of itscredit card accounts, or the issuing bank under the relevant a…greement will be the costcharged to their credit card accounts date. Billing Day - refers to the issuing bank bills at the cardholder's monthly credit card account of the transaction when it occurred, costs were aggregated, and bear interest,calculated current cardholders should also payment date. Due Date - the actual cardholder to repay the credit card receivables date. Interest-free repayment period - non-cash transactions from the bank account between the due date until the date of the interest-free repayment period. Interest-freerepayment period of 20 days minimum, up to 56 days. In the meantime, you can simplypay the full bill on the current issue of the amount should also, they do not pay any non-cash transactions by the bank interest on funds advanced for the store (not enjoyinterest-free cash advance offer.) Payment Due Date - the provisions of the cardholders issuing bank should repay all of its payments or minimum payment should be the last date. (MORE)
The credit card is supposed to be presented and processed. But it is possible for some systems to correctly process the refund if it is not. Unfortunately I would be very suspicious that the refund was not applied if the compan7y did not process the credit card.
When a transaction occurs, a credit card does not instantly debit a bank account. Since a credit card is linked to a line of credit, it is dependent on the user to make individual payments in order to replenish that credit line.
Yes, all your transactions for a specific billing period is included in your bill. This is done, so that you can check if you really made the purchases. Actually, the credit card issuer also check the purchases you are making to determine your creditworthiness based on your buying behavior.
Credit card transaction instructions are the instructions to be followed in processing your purchase. The process starts by handling your credit card to the store cashier. After swiping your credit card, the processing will follow. Once the cashier receives the authorization code then she can proces…s your purchase and a receipt will be given to you. (MORE)
I'm pretty sure no one can use someone elses credit card. Not even if your sixty. For safety reasons. I was never allowed to use my parents card, when I would go to the store. So you would need your own card, under your name
Merchants negotiate credit card processing fees with the issuer of the card. Larger businesses generally can negotiate smaller fees and thus pay less than small businesses. Typical fees range from 1.5% - 4% of the overall transaction.
Each person is allowed access to his or her credit report free of charge once a year. There are, however, many credit agenciesthat will give you free trials to their services, so you can access the report many times.
It costs a merchant between 2% and 5% to accept credit cards for purchases. The cost to the merchant varies depending on the type of card involved. A credit card transaction is a convenient way for a merchant to secure a sale but there is a price for it.
To process a credit card transaction the merchant sends the authorization request to First Data Merchant Services. FDMS then sends the card and purchaser information to the issuing bank, if everything checks out and the cardholder has the balance on the card then the approval is sent back to the mer…chant. (MORE)
There is no way of performing such a transaction over the Internet that is 100% safe. However, the safest way to process a large transaction such as this is through a highly reputable website with an effective anti-malware, anti-spyware software program running in the background.
Credit card transactions work because they are electronically connected to the bank server. Contact your local bank you are registered with for more information.
One company that offers credit card transaction processing that has the highest consumer rating is Flagship Merchant Services. Following this company in ratings is the Merchant Warehouse.
Credit cards are especially handy for traveling internationally as it is an easy way to get the currency of the country. Various banks offer incentives to use their credit card. As long as you don't acquire too much debt, credit cards are very useful. Basically you should pay off the credit cards ea…ch month if possible. If not, only do it for emergency purchases. (MORE)