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First thing you do is call the card 1-800 number listed for that card and report a lost card. They will cancel the card and issue you a new one. Next, you contact the police and get a report and finally you order a credit report to make sure that there isn't more to this.

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Q: What do you do if someone gets a hold of your credit card number?
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What is the point of merchant card processing?

Merchant card processing is necessary for a business to accept payment by credit card. Specifically, it allows a business to be reimbursed by a bank. When you pay your credit card bill, the bank gets its money back.


Can you please tell me how credit card processing works?

Credit card process works this way: One fills out a form online or paper, the for gets reviewed for a credit check and based on a person's credit check, the application can be declined or a certain amount can be provided (credit limit) if the application is approved.


How long do unpaid credit cards stay on your credit report in NY state?

Technically seven to ten years. When a credit card goes into default it gets written off on the creditors taxes as a loss and gets sold to a collection agency for 10 to 20 percent of the original loss. Down the line it gets sold from collection agency to collection agency.


How do you approach a customer to inform that their credit card is invalid?

The card machine will simply show either "declined" or "invalid" in most instances. As a merchant you simple hand the card back to the customer and say that your credit card was not accepted by the bank. The customer usually gets very defensive and says that all their bills are paid up, etc. Simply tell them that they need to work out the issue with their bank who issued the card and that there is nothing you can do for them at this point.


What is the difference between a cash transaction and a credit transaction?

A cash transaction uses currency (dollars and cents) to pay for products or services. A credit transaction means that you are posting the transaction to a credit card or loan. In this case, the merchant gets paid (often the next day) for products or services rendered, and you pay the loan issuer or credit card company back. Sometimes, there are fees involved (a percentage of the transaction amount) to use a credit card - especially if you don't pay the issuer back within the established terms, which is called interest and finance charges. Happy spending!!

Related questions

What does your daughter do if she has a credit card by no licenses?

She gets someone else to drive her to the mall.....


I am my daughters payee and she card... withy social security number and the credit card that she ge?

I am my daughters payee and she card... withy social security number and the credit card that she gets her money each month on were stolen when they stoled my purse... how do I get these replaced... corrina_hartman@yahoo,com


What would happen if you put your credit card number on your tablet do have to pay?

No, you wouldn't have to pay just for putting the number there. You might pay when the number gets stolen and used for other purposes, so please be careful with personal information such as your credit card number.


What should you do if scam artist gets credit card info?

Cancel the credit card and tell the police.


Does your credit report get worse if you max out a credit card?

Your credit score gets lower.


Billing zip code on the credit card?

It is the zip code of the person who gets the bill for the card.


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


How do you pay for online shopping by bill?

it gets charged to your credit card


Can your employer apply for a company credit card in your name without your permission?

Ordinarily, that would be fraud, but from the credit card co. standpoint, you accept responsibility once you make a purchase on that card, in most cases. It will report good and/or bad on your credit once you begin usage. Just keep the card very secure for fraud purposes, that can get very messy if someone gets ahold of that info.


What if someone gets number on back of your social security card?

The red numbers on the back of a social security card are control numbers that verify the authenticity of the card. They serve no other purpose.


What is credit fraud?

when somebody other than you gets ahold of your credit # or card and they spend money for you and then you get the bill to be charged


What are the monthly fees on a Disney rewards credit card?

The annual fees on a Disney Rewards Credit Card are $49 therefore it would be less than $5 every month. The moment one gets a Disney Rewards Credit Card, one also gets a special Cardmember Theme Park perks.