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Can a business force you to accept a credit to your credit card for a returned purchase that you did not make on a credit card?
Wiki User
∙ 8y ago
No. I don't see how that could be possible. CCC's will only credit an account for a purchase that has been made on that account. I don't understand how or why a business would think they could make that type of transaction.
Wiki User
∙ 8y ago
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Why would a business not accept credit cards?
Until the U.S. govt. changes that, nobody HAS to accept credit/debit cards! Just because a business does not accept cards does NOT mean they are "shady" or ...
How can I accept credit cards?
In order to accept credit cards you need to have a credit card system built in. You have to purchase the proper equipment and sign up for service.
What type of stores accept business credit cards?
The only information found by searching on Google about what type of stores accept business credit cards is information on the Esso Business Credit Card. This card saves some money on gas.
What is the journal entry for goods return?
If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx
Which payment processors use credit cards?
Most payment processors will accept credit cards. All online ones like PayPal, Google Checkout or Authorize will accept credit cards. For offline ones you have to look at their terms of business to see if they accept creditcards.
Why would a company not want to accept credit cards?
Credit card companies charge companies a sale percentage of the purchase price on every credit card purchase. Often smaller companies will not accept credit cards to avoid these charges, whereas bigger companies will pay them to open up to more potential business.
How does a cash back business credit card work?
A cash back credit card is used as a normal credit card. The difference is that when one makes qualifying purchases, a certain percentage of the purchase is returned to the cardholder.
Why would a business not accept credit cards?
Until the U.S. govt. changes that, nobody HAS to accept credit/debit cards! Just because a business does not accept cards does NOT mean they are "shady" or ...
How can I accept credit cards?
In order to accept credit cards you need to have a credit card system built in. You have to purchase the proper equipment and sign up for service.
What type of stores accept business credit cards?
The only information found by searching on Google about what type of stores accept business credit cards is information on the Esso Business Credit Card. This card saves some money on gas.
What methods of payments should a new business accept?
A new business should accept cash, checks, credit and debit cards. A new business should also be able to accept credit/debit card payments over the phone as well as online.
Where can a business purchase paper for a credit card machine?
A business can purchase paper for a credit card machine from Staples and Office Max. Alternatively, one can purchase this paper online from Amazon and eBay.
What is the journal entry for goods return?
If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx
How many US merchants accept credit cards?
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 accept credit cards
How businesses promote credit to consumers?
Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.
Which payment processors use credit cards?
Most payment processors will accept credit cards. All online ones like PayPal, Google Checkout or Authorize will accept credit cards. For offline ones you have to look at their terms of business to see if they accept creditcards.
How does a business begin the process to accept credit cards?
First off, you should set up a merchant account. This can be done with your local bank and will establish you, the business owner, as a verified merchant who can accept credit cards. With a merchant account, you'll also have to pay a transaction fee for every card you accept.
