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Is it legal to charge customers for credit card expenses under five dollars?
Wiki User
∙ 13y ago
Yes, the credit card business is a very serious business.
Wiki User
∙ 13y ago
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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?
Is it legal to charge customers a processing fee for using credit card in a restaurant?
Yes .
Is it illegal to charge customers for credit card purchases?
Businesses are free to add a surcharge for purchases made by credit or debit cards.
Can a business charge extra for work paid by credit card?
Technically it's unethical to charge more to customers who don't pay in cash, but it cost money for a business to accept credit cards and some small companies charge a credit card fee to compensate losses.
How does Gamfly charge customers?
It's a basic process in which one gives the company their credit card information and depending on the type of plan you get, they charge you monthly.
Do you debit or credit expenses?
Expenses are a debit transaction.
What interest rate do banks charge their best customers?
It depends on the country and bank. It is called the Prime Lending Rate or PLR. PLR is the rate of interest banks charge their most credit worthy customers. It is usually 0.5 to 1% less than the rate charged for regular customers
what exactly are corporate credit cards?
A corporate credit card is a credit card made just for a business. It is extremely useful to a business owner to keep personal and business expenses seperate. It will also give the business a useful tool to allow the employee to charge expenses with the card rather than have to submit reimbursement requests.
Can you charge the credit card fees to your customers?
Sure, as long as the fees apply to all customers, not just those using credit cards. In other words, you may raise your marked prices to cover your credit card costs, but you cannot change the price according to how the customer offers to pay.
Is accounts receivable an example of prepaid expenses?
No. They are both assets. "Accounts Receivable" represents money owed to the business by their credit customers. "Prepaid expenses" represents money spent on goods and services that have not yet been received. Some examples of prepaid expenses are insurance, rent, and legal fees.
What is the entry of accrued traveling expenses?
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
How does the accounting for sales to customers using bank credit cards such as Master Card and Visa differ from accounting for cash sales to customers?
The Credit Card companies charge a "fee" for each charge sale at the merchant. The fees are either a flat fee or a percentage of the sale total. The fees change from bank to bank and there is no real "standard" to list here, at least that we know of.
