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How long can a merchant hold a credit card charge before submitting it for payment?
Wiki User
∙ 15y ago
You can find the answer here: http://en.wikipedia.org/wiki/Authorization_hold
Wiki User
∙ 15y ago
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If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
What types of merchant fees does Amex charge?
Amex merchant fees can change based on exclusivity (where a merchant agrees to accept only Amex) or different markets. The fees tend to hover around 2.8% on average.
Where can one get a merchant account online?
You can get a merchant account from a number of different sites, which are usually free of charge. A few examples of such sites are Paypal, Neteller and Skrill.
Does most ecommerce charge fees for credit card processing?
All credit card companies charge a merchant fee, whether the card is used in e-commerce or POS. The rate of the fee is often negotiable with the lender, depending on the sale volume of the merchant.
What does mtot mean?
Merchant Total ... it is a monthly charge from your credit card processor for running Mastercard/Visa transactions.
A reasonably guideline for payment processing fees that would be charge to a new merchant opening a business on the web is about percent of gross sales?
3%
Why does merchandise cost more when credit cards can be used for payment?
Technically, it is illegal for any merchant to charge more for using a credit card for payment. Only landlords of apartment buildings and storagenits can charge the customer back the amount they must pay for processing the sale.
Does PayPal give your credit card number to the merchant when you use your credit card rather than your bank account for a purchase?
No, Paypal does not give your credit card number to the merchant when you use your credit card rather than your bank account for a purchase.The merchant only gets a notification the payment was successful.If you setup a recurring payment through paypal, the merchant will be able to charge you regularly through paypal without you initiating additional payments.http://paymenttransactionsystems.comhttp://merchantpos.net
If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
You are an Merchant having credit card details from Customers. How do you charge them?
I am an Indian Merchant,having credit card details from Customers.How do I charge them?
Where could one get a Merchant account with bad credit?
One could get a Merchant account with bad credit from Durango Direct, 2Checkout, eWay, Safe Charge, Card Processing Solutions and Sagepay companies. A merchant account is usually set up for businesses that accept credit or debit cards as part of their payment options.
Is it customary for dentists to require full payment before they do any work?
No, it is not usual for a dentist to get the full payment before doing the complete job. Usually, the dentist takes the full charge in installments or after finishing the job.
Can a merchant charge a credit card in advance?
If that is the agreement.
What is a charge on property?
payment
Can a merchant require a minimum purchase amount before allowing you to charge a sale?
They often do to recoup their cost on a small purchase but their agreement with the issuer forbids it.
What is the homonym to rush at something or somebody or to ask as payment?
The homonym for "rush at something or somebody" is "charge", while the homonym for "ask as payment" is "demand".
Do Merchant agreements allow retail sales to charge more for credit card payment than cash?
Absolutely not. Anyone offering to charge more than the ordinary price for accepting a credit card should be reported to the credit company immediately. On the other hand, offering a "cash discount" is not considered the same thing, as it is no longer the "ordinary price", and it is the merchant who pays the difference (in lost profit).
