Feature Article:

Lotto's - It Is All About Trust, and Honesty !
This week I received e-mails from a lady who participated in the match 5 competition, the match 5 competition is behind the link "Win 1000£" on the VWD website. ...
...Read More

Visa & MasterCard Raise Credit Card Processing Rates

Additional Reading

Visa & MasterCard have raised interchange rates
again effective April 2005, but before we explain the increase lets look at
what comprises a discount rate as these credit card processing rate increases
are not simple.

The discount rate you see on your
merchant statement is based on the Interchange rate.Interchange is the rate
Visa & MasterCard member issuing banks charge on credit card transactions.
Similarly to how your mortgage is based on prime. Issuing banks are the banks
that issue credit cards to cardholders. Contrary to popular belief, 80% of
discount rate is paid to bank that issued credit card to customers patronizing
your business.
Interchange compensates
card issuing institutions for their risk and the expenses they incur to
process transactions.
The fee amount is based on the level of risk associated with funding a
transaction, in hopes of encouraging small businesses to follow procedures
that reduce fraud.

The interchange fee is determined by the nature of your business and the
processing procedures you follow. Visa and MasterCard set these rates by
assessing the level of risk associated with funding and expenses involved in
processing a transaction

Every time Visa & MasterCard raise the interchange rates your credit
card processor must decide to either absorb those increases or pass them on to
you the merchant. Visa & MasterCard regulations stipulate that a merchant must
be notified in writing of any rate increase and usually receives notice at
least 30 days prior.

You should see this notice in your March, April & May credit card
processing statements.

This year Visa & MasterCard raised rates about 10 basis points(for
detailed increases see chart below). If you were paying 1.75% as of April 1st
2005 you will now be paying 1.85%. This amounts to a $1.00 increase per
$1,000.00 of Visa MasterCard transactions to process through your terminal.
This may vary slightly depending on how much your bank or processor has
absorbed the increase.

see www.accpconline.com rates

ACCPC Online is only raising 7 basis points we are absorbing 3
basis points. These rates go into effect 1 April 05 so if you feel this
increase will effect you significantly please
contact us for a new rate comparison. You may have a small fee to cancel
your current contract but the savings of the lower cost of credit card
processing may offset this.

Jonathan Saluk Business Development 1 866 922 2272 jonathan.saluk@4accpc.com


More Reading:

The Landlording Follies

The Shadow

Thinks You Should Know Before You Bid On A Business

How To Realistically Set Your Fees Part 1

Negotiating to Buy a New Car the Easy Way

Learned Any Secrets Lately

How To Prevent Fraudulent Credit Card Transactions

Refinancing Best way to measure costs and gains

Integrity is the Best Tool to Get What You Want

Real Estate Investors Dont Close Your Eyes To Closing Costs

The Landlording Follies
You are the landlord of a small apartment building that you are offering for sale. You find a buyer and a sale is arranged. The tenants learn of the sale and ask if they will be forced to move. How do you answer? You explain that it...
...Read More

The Shadow
The Shadow knows. There used to be a radio program called The Shadow where the hero, Lamont Cranston, the Shadow, would overcome the shadowy forces of doom by clouding the vision of those around him. “Who knows what evil lurks in the hearts of...
...Read More

Thinks You Should Know Before You Bid On A Business
Whatever your reason for going out on your own, you must keep your reason in the forefront of your mind. If you forget your reason for starting your own home business, you will not be working for yourself for long. Self-motivation is the key to...
...Read More

How To Realistically Set Your Fees - Part 1
We all know there are 52 weeks in a year and 40 working hours in a week. Therefore, we can bill 2080 hours per year, right. Wrong. Too often this is the trap that many new service businesses fall into. The first step in calculating your...
...Read More

Negotiating to Buy a New Car the Easy Way
Do you hate the thought of buying a new car because of the struggle you have to go through negotiating with the dealership? Relax. Negotiating to buy a new car is easy. Sure their sales people receive negotiation training, but you have the upper...
...Read More