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Typically this is a Mastercard, VISA, or American Express, the card is solely the property of the person bearing the name at the bottom of the card. It is defined with an expiry date. Credit cards also are assigned a credit limit.
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Are You Liable For Credit Card Payments If Your Card Is Stolen?
By Jon
Despite all your care, your credit card has been stolen, and now there are charges outstanding on it that you never authorised. Are you liable for those Read more...
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Credit Card Processing And The Pitfalls
By Frank Owen, Sat Dec 10th
Disadvantages of Processing The benefits of processing online usually outweighthe disadvantages. Unfortunately there are some pitfallsinvolved with processing you should be aware of. Themore knowledge you have going into a situation the more likelyyou are to come out of it ahead. One of the biggest pitfalls associated with credit cardprocessing is refunds or charge backs. Of these charge backs arepotentially the most damaging. Most merchant account providerscharge a hefty fee for any chargebacks they have to process.Some will close your account if you have too many so it is bestyou avoid them altogether.
There are ways you can reduce refunds or chargebacks. One youshould make sure you have a clearly defined refund policy. Youcould for example limit the amount of time a customer has torequest
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Is Credit Card Debt In The Uk At An All Time High?
By Jon
If you read the newspapers, it's hard to avoid the pundits of doom. We've become a nation of debtors, they say, and the road to the debtors prison is paved with Read more...
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0 Credit Cards: Are They Worth It?
By Joseph
Credit card jumping has become a common practice. The term refers to the habit of moving debt balances from card to card to take advantage of preferential Read more...
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