| Peer review: Merchants pay fees for sales that use plastic
A You have heard correctly: Merchants pay fees when you use your plastic for purchases. Those charges are called "interchange fees," although there may be some fees with other names built in as well. The system is fairly complicated, but the fact is that if you spend $100 using plastic when shopping, the merchant likely will see only $98 or $99 of it. Credit-card and debit signature transactions typically cost merchants between 1 percent and 2 percent of the purchase amount in fees, depending on the type of card and the banks involved. Debit transactions using a PIN cost the merchants much less, around 0.2 to 0.5 percent. These fees are divided among the bank that issued the card, the credit-card network (Visa, MasterCard, etc.), and the merchant's account provider. Some have called those fees an implicit tax, because merchants pass the costs on to customers in the form of higher prices.
AllState merchant Service, LLC. www.allstatevmc.com 866.541.8472 ...
We will begin training and hiring for the Brooklyn New York AllState Merchant Service (AMS) February 15th, 2008. In 2008 we intend to hire a minimum of 400 new account managers which will build relationships, grow their customer base and will provide proper customized vehicles for merchants which accept or want to accept Visa, MasterCard, American Express, Discover, debit cards, electronic checks etc' We are committed to reliability, customer service and assure each merchant of a dedicated account representative for quality account management. AMS also offers a variety of credit card processing terminals, pos systems, web based processing systems for retail, mail/ phone order, internet based, and home based and service related industries. AllState Merchant Service, LLC. guarantees customer satisfaction and discounted rates.
EPAY.vg Unites Financial World
EPAY has put to the top of the strategy to unite the financial world to one simple and free account. (PRWEB) August 24, 2006 -- Finally the first online payment system which has united all major payment and money transfer options appeared! One of the main features which EPAY offers to its members is the ability to fund and withdraw money in two major currencies (USD/EUR) using 10 different options including cash-in by credit card and cash-out through EPAY debit card. There is no other online payment system which can offer such flexibility of payment options. EPAY members have the whole financial world in one account. EPAY has several new and innovations which make EPAY account a unique solution: - EPAY has created a merchant account which allows users from all over the world accept payments on their websites instantly and securely.
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