Accepting Credit Cards

cant tell you soz

ECS stands for Electronic Clearing System. It is the system by which money can be credited/debited from a bank account by a bank. Let us say you want to apply for a loan with ABC Bank, they will get the details of the bank with whom you already have an account and then ask you to fill up an ECS form using which ABC bank can debit (take out) the money due to them as part of the monthly loan repayment automatically from your account without you having to make a trip to the bank to deposit the money against your loan account. The same is applicable for salary credit into your account too. If you submit an ECS form to your employer with your bank details they can directly credit your salary every month without you having to receive a paper pay-check and deposit it into your account manually. The ECS Code is the code that is specific to a bank branch. Without this code, ECS transactions cannot be done.

they take paypal which uses a debit card

The Internal Revenue Service can as well as those operating under court order.

$20 up. :)

Banks also generate revenue from such services as asset management, investment sales, and mortgage loan maintenance

Barclays and Lloyds are both British banks. Typically, transferred money should appear on the same day. Often it will be almost instant.

44-45 The Broadway

Ealing

London

W5 5JU

That's actually a situational question. Yes you can use a credit card if you have any money left on the card. It is inadvisable however as your credit score will continue to sink lower and lower until you have paid off this card. With a low credit score you can be denied simple things as a cell phone, renting a house, even sometimes getting a job.

Pay your bills!

apex=) A low late payment

NO

The Answer is they can't. First of all the bad check goes to a collection agency and the collection agency must go after the person that wrote the check. If the store tries to make the cashier pay for it then I would contact the Department of Labor, and a Lawyer.

A credit card is when you are loaned money by the card company and are able to use it before hand; after which you have to pay them back.

A debit card on the other hand is a card with your money on it and you use it as you wish but once the card has no money left, you have to put more money on it before you can use it again.

No. ATMs do not have the facility to dispense cash for cashier's checks. But, you can deposit the cashier's check into your bank account using the ATM and the money would get deposited into your account within 2-3 working days. Or, you can directly walk-in to the bank that issued the cashier's check with your photo identity proof and get it cashed immediately.

No you cant :( the fine print says you cannot use it to pay utility bills or for travel which kinda sucks

True - If you keep depositing your monthly savings regularly into your savings account.

False - If you don't deposit any money into your account.

Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.

Cause you didn't pay with cash in the first place? Otherwise why are you using a credit card?

While the debit card uses a magnetic strip, the smart card typically uses an embedded semiconductor to store and maintain information.

These early cards were issued by the private company itself based on the credit policy of that company.

The 1959 BankAmericard from the Bank of America in California became the VISA card.

The earliest issuance of credit cards in the United States was by gasoline companies and retail stores.

a lower court ruling requiring Visa USA and MasterCard International to abandon long-held rules prohibiting member banks from issuing cards by American Express and other rivals.

In late 2003 Barclays announced that Barrett would be leaving his post as CEO of Barclays to become chairman of the board by the end of 2004.

A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.

When looking at the advantages of having a credit card it is very easy to overlook the disadvantages and the possibility of the spiraling costs of items compared to waiting and paying for them once you have saved enough money to pay outright. Here area few of the basic disadvantages.

With a credit card comes the interest payments. Unless you pay off the total amount of your credit card each month (and chances are you won't) you will end up paying interest. This interest will mean that the cost of paying for items ends up being much more than they originally cost.

It is easier to buy on impulse. When you have the ability to pay for something there and then on the spot means that you are more likely to pay for something on your credit card. This means you are more likely to get into debt buying things that would normally be either too expensive or a luxury.

If you are late with your payments then you will pick up charges, the average late charge is $30 so imagine if you miss 3 payments by a day you will pick up $90 in charges. Doesn't matter if you owe $5000 or $50 you will pick up the full charge so always pay on time!

Annual fees are very common with credit cards which again can push up the cost of paying for items without you even realizing. There are some transaction fees that you will encounter when buying certain items but this varies from card to card.

Basically be very careful when you are applying for a credit card make sure you weigh up all sides of the argument for getting one.