accept internet credit card transactions .com

Credit card facts that most of us would rather not talk about.
I used CC same as anyone else but in the long run they only cost you more.
Some of this will be shocking to some conusmers.

How Well Do You Know Your Plastic?

Your favorite credit card has sat in the top pocket of your wallet for years. You have memorized the interest rate, the credit limit and its perks. Think you know everything about your favorite credit card?
…

Fact No. 1: No Cap on Credit Card Interest

Even though you signed up for your credit card for its low interest rate, here’s a scary, little-known fact: Many card issuers can raise interest rates as high as they like.

The top 10 banks that issue credit cards are federally chartered banks and don’t have to follow state laws limiting interest rates, says Chi Chi Wu, staff attorney at the National Consumer Law Center.

“So they are free to set the rates as high as they want,” Wu says.

…

Fact No. 2: Say ‘No’ to Higher Interest

If your credit card issuer hikes your APR, you can say “thanks, but no thanks,” under the Credit Card Accountability, Responsibility and Disclosure Act, or CARD Act.

It’s possible the company will cut you a deal and let you keep the old interest rate (get that in writing), says John Ulzheimer, president of consumer education at SmartCredit.com.

But it’s also just as likely the issuer will reduce your credit line, increase your minimum payment or simply close your credit card, he says.

But here’s what the issuer can’t do: Demand that you pay off the entire bill on short notice. If you refuse the new rate, you have at least five years to pay off your balance under the old rate, says Todd Mark, vice president of education at Consumer Credit Counseling Service of Greater Dallas.

Your higher rate may not last forever, either. If your issuer raised the rate after you paid your bill late or not at all for two months in a row, then your rate could come back down.

Under the CARD Act, the issuer has to review your account after six months. If you’ve behaved yourself, the issuer should reset the APR to your pre-penalty rate.

Read more: http://www.foxbusiness.com/personal-finance/2012/05/15/8-surprising-secrets-about-your-credit-card/#ixzz1v8bBxCEP

Read more: http://www.foxbusiness.com/personal-finance/2012/05/15/8-surprising-secrets-about-your-credit-card/#ixzz1v8YrztTu

You can really get in some hot water with credit cards and interest rates.They can slam you with much higher montly payments.
Fact is credit cards will only bring more pain and suffering in
the end, if a monthly pay off is not in place

Darn no change for my parking meter… well now Accepting Credit cards for parking meters has drivers ease in mind.
read on

PORTLAND, Maine (NEWS CENTER) — The city of Portland is in the process of replacing some of its parking meters with solar powered pay stations that accept debit and credit cards.

The goal is to make parking more convenient in some of the city’s busiest areas.

As part of this pilot project, the new pay stations will be installed on Commercial Street, Fore, Federal, and Free Streets, and near Maine Medical Center; if it goes well, more pay stations will be added each year.

The meters don’t officially go online until next Monday, but once up and running, the machine will print a receipt of payment. With that displayed in your front window, parking officials will know exactly when you paid, and how long you’ve paid for. Also, with that receipt, you can move to another metered spot in town without having to pay again. There is an hour minimum on each…

More here

Looking for a way to accept CC online?

The Real Scoop About Merchant Account Rates and Fees
By Chris West, CDGcommerce
June 21, 2004
About CDGcommerce
CDGcommerce is a registered ISO/MSP for Provident Bank and a provider of leading-edge payment
processing solutions, specializing in Internet and e-commerce merchants. For more information, please visit
their Web site at http://www.cdgcommerce.com or call CDG at (888) 586-3346.
So… you’ve decided to setup your own merchant account. You’ve seen the many different options available
to you on the Internet. Chances are, you have even received some e-mails or postcards with great
promotions and offers.
The big question now becomes – which merchant processor to select? And how can you tell whether the
merchant account proposals you are getting are really a good deal or not?
Many merchants do not fully understand the nuances of merchant account pricing – and so they are often at
a disadvantage when comparing proposals from various providers.
The purpose of this article is to explain common merchant account terminology and describe the various
rates & fees that you should specifically look for and ask about…. before signing off on any merchant
account application or agreement.
Understanding the “hard costs” behind Merchant Accounts
The first thing to understand about merchant account pricing is to get a handle on the costs associated with
a merchant account.
First and foremost, ALL banks and merchant processors have the same core cost – the InterBankExchange
(“Interchange”) costs, dues & assessments from Visa and MasterCard. It is important to note that the very
same Interchange fees apply to all banks and most ISO/MSP’s across the board – regardless of their size or
volume.
On top of these costs, there are network costs. These network costs are the transactional costs that are
incurred to send a credit card transaction request across the bankcard networks to interact with the
cardholder’s issuing bank. These network costs do vary from acquirer to acquirer based upon on the volume
and contract(s) negotiated between the acquirer and the network provider(s).
Beyond the Interchange and network costs, there are other costs such as the payment gateway fees that
are incurred, the “account on file” and other costs that are assessed to merchant providers for maintaining
their merchant account portfolio, BIN sponsorship fees, risk reserves and customer service costs associated
with operating a portfolio of merchant accounts. All of these fees do vary from one processor to another but
are all generally in the same ballpark.

Here are two differant accts with differant fees.We personally use these folks as they are easy to deal with and show ALL tyhe charges and fees before you sign up.

Internet Merchant account
Quantum Gateway

Authorize.Net
Accept credit cards online