Credit Card Processing Terminals
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
Today, about 80% of customers choose credit cards to pay for online products and services. If an online firm doesn?t possess credit card payment facilities, certainly it loses consumers and sales. Credit card payments are safe and secure, and they guarantee the best customer service. Besides, these payments give a more professional look to any business.
Several different types of credit card processing terminals are available in today's market. These terminals are also referred to as point of sale (POS) terminals. Their type and style depend on the kind of business and style of credit card processing. Prices also vary according to their functions and the technology they use.
Card readers with a small keypad and display are the most basic form of the POS. These are the most economical type of terminals. A credit card processing terminal first checks the customer?s card information. After that, it withdraws money for the purchase from his account and places it directly into the merchant account.
Most merchants prefer a terminal without an attached printer, while retail merchants usually go for a terminal with an integrated printer. There are also wireless machines that are more costly, but the processing volume supports their cost. Wireless credit card processing terminals are mainly used for businesses that continually change their location. Door-to-door salesmen, taxi cab drivers, and seasonal shop owners are the main other consumers of wireless terminals.
Manual credit card processing is a difficult task and it is more time consuming too. The finest choice is to automate your manual credit card processing machine, if possible. Credit card processing machines use different software packages that provide for instant processing, and encrypted SSL (secure socket layer) for safe deals. Of course, any leaks or losses of personal information immediately break the credibility of a business.
Some latest credit card processing terminals can handle multiple merchant accounts. Examples include Nurit 2085, Omni 3750, Nurit 3020, Omni 3740, and Verifone Tranz 380x2. All these terminals provide retailers a fast, low-cost way to approve and process credit card sales. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Credit-Card-Processing-Terminals&id=353153
Tuesday, August 7, 2007
Tuesday, July 31, 2007
Landline Credit Card Equipment
Defeating Credit Card Debt With Self Control
By Roy Thomsitt
Credit card debt is a major social problem in some Western
countries. To rid yourself of credit card debt, it is best to
recognize the problem as both a social and individual problem.
If you are overburdened with credit card debt, or are in danger
of becoming so, it is very easy to see it purely as an
individual problem, one from which you may be suffering both
physically and mentally. Worry and stress can be silent
marauders into your physical and mental well being. Debt can
undoubtedly cause both worry and stress, not just to the debtor,
but their immediate families too.
Why Should You Care About The Social Causes of Credit Card
Debt?
If you wish to overcome your credit card debt problem, you will
benefit from removing some of the social influences. They are a
major influence on the way you react, think and behave. Remove
the social influences, and you take a big stride in your journey
to eliminate your debt.
I do not, of course, mean remove the root causes of credit card
debt. You cannot do that. What I am referring to is to prevent
the social influences from penetrating you and taking over your
life. As an individual, you have the right to resist social
influences where they are harmful. The liberal, unfettered use
of credit cards is an influence you will benefit from resisting.
Just by being fully aware of the social influences, you have
made an important step. You will more likely be on your guard,
and by asserting your individuality, you are more likely to
overcome or prevent the credit card debt problem.
What Are The Social Causes Of Credit Card Debt?
You could spend years analyzing the credit card debt problem.
Here are just a few of the influences at work in the society
around you:
1. Credit card interest rates are high, therefore the profits
can be high. Banks and other credit card issuers are after their
slice of that big money, including from you. They can therefore
justify big marketing budgets to get your money. I deliberately
do not say “get your business”. You will resist better if you
think “they are after my money.”
2. It is very easy to get credit cards, multiple credit cards
in fact. Issuers of credit cards make it easy for you, if you
have had no debt problems in the past. If they seem to take it
lightly, it is understandable that their customers do too. But
remember, they take the risk factors into account when setting
interest rates. That’s why they are so high.
3. Your friends, neighbours and work colleagues will probably
all have multiple credit cards, talk about them and flash them
around from time to time. That can all influence your own
attitude to credit card debt. 4. Depending on what country you
are in, yours may be a “have now, pay later” society. Immediate
gratification can take precedence over common sense. If everyone
else is doing it, it surely must be right? Wrong. Especially if
the interest rates are too high.
5. You see other people buy new furniture, go on exotic
vacations, or go out to expensive restaurants all the time. Even
if you never know if they are doing so on credit card, you may
want the same. But you do not have the immediate cash, so what
do you do? Jump on the credit card train? That is what your
society may be pushing you towards.
How To Resist the Social Pressures To Succumb To Credit Card
Debt
Due to the overwhelming pressures of the credit card society,
it can be quite a difficult task, initially, to change your own
attitudes. But by asserting your individuality, you can steadily
eliminate the social conditioning. It is really a matter of how
you think in certain situations. You are in charge of the way
you think, so all you need to do is what is natural. Not what
everyone else seems to be doing around you, but what is natural
to you as an individual. Think to protect yourself, assert
yourself, and to look after your financial well being.
Here are a few ideas to help you:
1. Whatever type of loan you may apply for, you are after just
one product, money. Different types of loans are marketed as
separate products, in different packages, but to you, they
should all be one: money. The money, once you have it, is all
the same quality. A dollar is a dollar, a pound is a pound, a
euro is a euro. Having engrained that upon yourself, knowing you
are just after this single product, you need only look at price.
Credit card debt is very, very expensive. The interest takes
money from you, and reduces your assets. If you need a loan, you
want the lowest possible interest rate, one that does not
unnecessarily leech your assets.
2. A credit card should only be used as a convenience to pay if
you have no cash on you, knowing that you can pay off the
balance before interest charges kick in. Many cards have an
interest free period. Never use credit cards as a loan beyond
that free period. Others do, but you have no need to. You can
eliminate that idea altogether. You are creating a new habit
that will enhance your financial situation, and resisting an old
common habit that would ultimately damage your finances.
3. Plan all your borrowing. Sit down and write down what you
absolutely must buy over the next year, and add what you would
like to buy. Total the cost. Write down a budget for each month,
making sure you have listed all your regular expenses that are
fixed and unavoidable, and those over which there is some
flexibility. Compare that total with your income. If you have a
surplus, then you can think about those extra purchases you had
in mind. If not, don’t think any more about them. You cannot
afford them, and cannot afford to borrow.
If you have a planned surplus, then maybe you can get those
things you wanted. If you can afford all of them, and there are
quite a few items on your list, then forget about getting a
loan. Be patient, resist the have now pay later syndrome. You
can save interest and buy a bonus item with that later if you
really must. You are in a great position to pay cash. Prioritize
the things you want to buy, and note their cost, and then work
out a plan by which you buy one item at a time spread throughout
the year. Why pay the banks credit, when you can pay cash? You
will save not just the interest but maybe get cash discounts.
Cash gives you control. With credit you are subservient.
If, on the other hand, there are just one or two more expensive
items you want to buy, it is time to compare options and test
your resolve. If you save your surplus each month, consider how
long it will take to have enough for item 1 and maybe item 2.
Are they really urgent? Probably not. Maybe you can save for one
after 4 months and 2 after 9 months. That way you are getting
into the habit of saving, and living off cash. Cash is king.
Your finances will start to look good over time, and you’ll
start to feel proud of yourself. You will feel in control.
Remember too that by saving, if an emergency comes up, you may
have the cash at hand instead of reaching for that expensive
credit card.
You really cannot wait and save? That is a pity, but now check
out all the loan sources suitable for your intended purchases.
Get the best plan, the best interest rates, and apply, with the
intention of using that loan just for what it is intended, and
to pay it off within the time scale of the spending plan. In the
example one year. Stick to that discipline, and your credit is
still under your control. And, you have avoided reliance on
expensive credit cards.
4. Remind yourself every day that you are only going to use
your credit card when you have no cash on you, as a convenience,
and you will repay it before interest starts to accrue.
5. Also remind yourself every day that sometimes it is good, or
even necessary, to be that bit different, and to resist social
pressures. Imagine all the credit card lemmings heading towards
the precipice, while you relax in your counting house, counting
out your money. Real money; your assets. Anyway, it’s great
sometimes to be different, it really does make you feel good
about yourself.
6. Never, ever feel you have to buy something just because a
neighbour or friend has been boasting about theirs. Envy and
jealousy are viruses that minimize your individuality, and can,
in this case, damage your finances.
Resisting the pressures of the credit card society will be a
lot easier once you have set your mind to it, and started to
feel the benefits. Enjoy the process, and you will be a cash
convert for the rest of your affluent life.
About the Author: Roy Thomsitt is the owner and part author of
http://www.eliminate-credit-card-debt-now.com
By Roy Thomsitt
Credit card debt is a major social problem in some Western
countries. To rid yourself of credit card debt, it is best to
recognize the problem as both a social and individual problem.
If you are overburdened with credit card debt, or are in danger
of becoming so, it is very easy to see it purely as an
individual problem, one from which you may be suffering both
physically and mentally. Worry and stress can be silent
marauders into your physical and mental well being. Debt can
undoubtedly cause both worry and stress, not just to the debtor,
but their immediate families too.
Why Should You Care About The Social Causes of Credit Card
Debt?
If you wish to overcome your credit card debt problem, you will
benefit from removing some of the social influences. They are a
major influence on the way you react, think and behave. Remove
the social influences, and you take a big stride in your journey
to eliminate your debt.
I do not, of course, mean remove the root causes of credit card
debt. You cannot do that. What I am referring to is to prevent
the social influences from penetrating you and taking over your
life. As an individual, you have the right to resist social
influences where they are harmful. The liberal, unfettered use
of credit cards is an influence you will benefit from resisting.
Just by being fully aware of the social influences, you have
made an important step. You will more likely be on your guard,
and by asserting your individuality, you are more likely to
overcome or prevent the credit card debt problem.
What Are The Social Causes Of Credit Card Debt?
You could spend years analyzing the credit card debt problem.
Here are just a few of the influences at work in the society
around you:
1. Credit card interest rates are high, therefore the profits
can be high. Banks and other credit card issuers are after their
slice of that big money, including from you. They can therefore
justify big marketing budgets to get your money. I deliberately
do not say “get your business”. You will resist better if you
think “they are after my money.”
2. It is very easy to get credit cards, multiple credit cards
in fact. Issuers of credit cards make it easy for you, if you
have had no debt problems in the past. If they seem to take it
lightly, it is understandable that their customers do too. But
remember, they take the risk factors into account when setting
interest rates. That’s why they are so high.
3. Your friends, neighbours and work colleagues will probably
all have multiple credit cards, talk about them and flash them
around from time to time. That can all influence your own
attitude to credit card debt. 4. Depending on what country you
are in, yours may be a “have now, pay later” society. Immediate
gratification can take precedence over common sense. If everyone
else is doing it, it surely must be right? Wrong. Especially if
the interest rates are too high.
5. You see other people buy new furniture, go on exotic
vacations, or go out to expensive restaurants all the time. Even
if you never know if they are doing so on credit card, you may
want the same. But you do not have the immediate cash, so what
do you do? Jump on the credit card train? That is what your
society may be pushing you towards.
How To Resist the Social Pressures To Succumb To Credit Card
Debt
Due to the overwhelming pressures of the credit card society,
it can be quite a difficult task, initially, to change your own
attitudes. But by asserting your individuality, you can steadily
eliminate the social conditioning. It is really a matter of how
you think in certain situations. You are in charge of the way
you think, so all you need to do is what is natural. Not what
everyone else seems to be doing around you, but what is natural
to you as an individual. Think to protect yourself, assert
yourself, and to look after your financial well being.
Here are a few ideas to help you:
1. Whatever type of loan you may apply for, you are after just
one product, money. Different types of loans are marketed as
separate products, in different packages, but to you, they
should all be one: money. The money, once you have it, is all
the same quality. A dollar is a dollar, a pound is a pound, a
euro is a euro. Having engrained that upon yourself, knowing you
are just after this single product, you need only look at price.
Credit card debt is very, very expensive. The interest takes
money from you, and reduces your assets. If you need a loan, you
want the lowest possible interest rate, one that does not
unnecessarily leech your assets.
2. A credit card should only be used as a convenience to pay if
you have no cash on you, knowing that you can pay off the
balance before interest charges kick in. Many cards have an
interest free period. Never use credit cards as a loan beyond
that free period. Others do, but you have no need to. You can
eliminate that idea altogether. You are creating a new habit
that will enhance your financial situation, and resisting an old
common habit that would ultimately damage your finances.
3. Plan all your borrowing. Sit down and write down what you
absolutely must buy over the next year, and add what you would
like to buy. Total the cost. Write down a budget for each month,
making sure you have listed all your regular expenses that are
fixed and unavoidable, and those over which there is some
flexibility. Compare that total with your income. If you have a
surplus, then you can think about those extra purchases you had
in mind. If not, don’t think any more about them. You cannot
afford them, and cannot afford to borrow.
If you have a planned surplus, then maybe you can get those
things you wanted. If you can afford all of them, and there are
quite a few items on your list, then forget about getting a
loan. Be patient, resist the have now pay later syndrome. You
can save interest and buy a bonus item with that later if you
really must. You are in a great position to pay cash. Prioritize
the things you want to buy, and note their cost, and then work
out a plan by which you buy one item at a time spread throughout
the year. Why pay the banks credit, when you can pay cash? You
will save not just the interest but maybe get cash discounts.
Cash gives you control. With credit you are subservient.
If, on the other hand, there are just one or two more expensive
items you want to buy, it is time to compare options and test
your resolve. If you save your surplus each month, consider how
long it will take to have enough for item 1 and maybe item 2.
Are they really urgent? Probably not. Maybe you can save for one
after 4 months and 2 after 9 months. That way you are getting
into the habit of saving, and living off cash. Cash is king.
Your finances will start to look good over time, and you’ll
start to feel proud of yourself. You will feel in control.
Remember too that by saving, if an emergency comes up, you may
have the cash at hand instead of reaching for that expensive
credit card.
You really cannot wait and save? That is a pity, but now check
out all the loan sources suitable for your intended purchases.
Get the best plan, the best interest rates, and apply, with the
intention of using that loan just for what it is intended, and
to pay it off within the time scale of the spending plan. In the
example one year. Stick to that discipline, and your credit is
still under your control. And, you have avoided reliance on
expensive credit cards.
4. Remind yourself every day that you are only going to use
your credit card when you have no cash on you, as a convenience,
and you will repay it before interest starts to accrue.
5. Also remind yourself every day that sometimes it is good, or
even necessary, to be that bit different, and to resist social
pressures. Imagine all the credit card lemmings heading towards
the precipice, while you relax in your counting house, counting
out your money. Real money; your assets. Anyway, it’s great
sometimes to be different, it really does make you feel good
about yourself.
6. Never, ever feel you have to buy something just because a
neighbour or friend has been boasting about theirs. Envy and
jealousy are viruses that minimize your individuality, and can,
in this case, damage your finances.
Resisting the pressures of the credit card society will be a
lot easier once you have set your mind to it, and started to
feel the benefits. Enjoy the process, and you will be a cash
convert for the rest of your affluent life.
About the Author: Roy Thomsitt is the owner and part author of
http://www.eliminate-credit-card-debt-now.com
Source: http://www.isnare.com
Friday, July 27, 2007
Landline Credit Card Equipment
Accept Credit Card at Trade Show
By [http://ezinearticles.com/?expert=Shane_Penrod]Shane Penrod
Are you wondering whether to accept credit card at trade show options? You know how it goes. You register for a show, set up your booth, and over the course of the event you find that lots of customers want to buy your products. If you are stuck making change for cash payments or trying to decide whether to accept a personal check, you could spend a lot of time and lose many customers in the process. Those who prefer to pay by plastic will head to your competitors’ booths where they can swipe a card and be on their way in a few moments’ time. With a credit payment processor, you can be the one swiping the plastic and ringing up the sale. So how can you get set up to receive credit card payments at a trade show? It all starts with a merchant services account.
If you are exploring whether to accept credit card at trade show possibilities, you should consider opening a merchant services account. Many banks or other financial institutions offer this commercial-grade company account. They will often let you submit an application over the Internet at their Websites and get back to you with an answer in a day or two. When your application is approved, you can take advantage of the great financing options that the bank will provide in underwriting a credit processing account so that you can accept credit card payments from your customers either on-site or at a remote location, such as a trade show. Simply buy, lease, or rent a wireless credit processor and take it with you to the show. Your customers will love the convenience of using plastic over cash, and you will love adding up profits at the end of the day.
When you decide to accept credit card at trade show options, your journey into e-commerce should be smooth and clear. If a problem should arise, you can report it to the service technician who is responsible for maintaining your equipment. If you buy the unit outright, however, you may want to consider purchasing an accompanying service agreement in case a glitch should develop. Take your wireless unit to the trade show with you, set it up in a safe place where it won’t fall or get damaged, and put up a sign, if you have one, alerting customers to this credit paying option. If you also have a company Website, you may want to hand out fliers with your Web address on it so they can visit online to make additional purchases, using their credit card paying ability at that location as well, assuming you have set up your site to receive secure credit payments.
Going to the trade shows is a great way to see and be seen by customers and competitors. Imagine taking your credit processing equipment to facilitate sales while there. Give some serious thought to reasons that will benefit both company and clients as to why you should accept credit card at trade show options.
Shane Penrod is the founder of http://www.Merchant-Account-Quotes.com Specializing in allowing merchants the ability to shop and compare multiple quotes from national merchant account providers. For free quotes on merchant account rates and fees, please go to http://www.merchant-account-quotes.com
Article Source: http://EzineArticles.com/?expert=Shane_Penrod http://EzineArticles.com/?Accept-Credit-Card-at-Trade-Show&id=103872
By [http://ezinearticles.com/?expert=Shane_Penrod]Shane Penrod
Are you wondering whether to accept credit card at trade show options? You know how it goes. You register for a show, set up your booth, and over the course of the event you find that lots of customers want to buy your products. If you are stuck making change for cash payments or trying to decide whether to accept a personal check, you could spend a lot of time and lose many customers in the process. Those who prefer to pay by plastic will head to your competitors’ booths where they can swipe a card and be on their way in a few moments’ time. With a credit payment processor, you can be the one swiping the plastic and ringing up the sale. So how can you get set up to receive credit card payments at a trade show? It all starts with a merchant services account.
If you are exploring whether to accept credit card at trade show possibilities, you should consider opening a merchant services account. Many banks or other financial institutions offer this commercial-grade company account. They will often let you submit an application over the Internet at their Websites and get back to you with an answer in a day or two. When your application is approved, you can take advantage of the great financing options that the bank will provide in underwriting a credit processing account so that you can accept credit card payments from your customers either on-site or at a remote location, such as a trade show. Simply buy, lease, or rent a wireless credit processor and take it with you to the show. Your customers will love the convenience of using plastic over cash, and you will love adding up profits at the end of the day.
When you decide to accept credit card at trade show options, your journey into e-commerce should be smooth and clear. If a problem should arise, you can report it to the service technician who is responsible for maintaining your equipment. If you buy the unit outright, however, you may want to consider purchasing an accompanying service agreement in case a glitch should develop. Take your wireless unit to the trade show with you, set it up in a safe place where it won’t fall or get damaged, and put up a sign, if you have one, alerting customers to this credit paying option. If you also have a company Website, you may want to hand out fliers with your Web address on it so they can visit online to make additional purchases, using their credit card paying ability at that location as well, assuming you have set up your site to receive secure credit payments.
Going to the trade shows is a great way to see and be seen by customers and competitors. Imagine taking your credit processing equipment to facilitate sales while there. Give some serious thought to reasons that will benefit both company and clients as to why you should accept credit card at trade show options.
Shane Penrod is the founder of http://www.Merchant-Account-Quotes.com Specializing in allowing merchants the ability to shop and compare multiple quotes from national merchant account providers. For free quotes on merchant account rates and fees, please go to http://www.merchant-account-quotes.com
Article Source: http://EzineArticles.com/?expert=Shane_Penrod http://EzineArticles.com/?Accept-Credit-Card-at-Trade-Show&id=103872
Wednesday, July 25, 2007
Landline Credit Card Equipment
Lost or Stolen Credit Card? Here's What To Do
By Jill Kane
Unfortunately, purses and wallets become lost or stolen every
day. The missing credit cards in your purse or wallet become
the biggest concern.
Do you know what to do if this happens to you? Well, you should
because a few simple steps can save you a lot of headache. It
really isn't difficult to develop an action plan for your lost
or stolen credit cards.
All major credit card companies have policies to protect you
from loss or theft. You just need to know how to get their
policies working for you if your cards become missing.
The first step is to contact your credit card companies to
report your missing cards. Many companies offer a toll free
number or an online service to handle this type of problem
specifically.
Fortunately, federal law states that your are only liable for
the first $50.00 of fraudulent charges made to your account.
However, you are still required to report the card lost or
stolen and if you do so prior to any fraudulent charges, you
are not liable for the $50.00 charge either.
Be sure to carefully review your statement for any charges that
don't belong to you. And, if there are any fraudulent charges to
your account, notify your credit card company in writing
immediately.
When your send in your written notification be sure to mail it
to the billing errors address. Do not send it with your payment
as it will probably become lost and never get recorded.
A lost or stolen debit card works somewhat differently from a
credit card. If you report the card lost or stolen before it is
used you are not liable for any charges, however, if you wait
for even two business days you may be liable for up to $500.00
of any fraudulent charges made with your card.
After you have reported your missing card, be sure to review
your statements carefully for any fraudulent charges. You
should call, as well as, follow-up with a certified letter
regarding any issues with your lost or stolen card. This added
step will help to eliminate any liability on your part.
Also, remember to have your credit card contact information in
a safe place where you can quickly access it if needed.
Of course, the best way to avoid these problems is to keep
careful track of your credit cards. Know where your credit
cards are at all times and keep your pin numbers secret. Also,
be sure to use pin numbers that are not easy to figure out,
such as your date or birth.
Most importantly, be prepared to contact your credit card
companies via telephone and in writing as soon as possible in
the event your cards become lost or stolen.
About the Author: Jill Kane is an author for
http://www.yes-credit-cards.com/
Source: http://www.isnare.com
By Jill Kane
Unfortunately, purses and wallets become lost or stolen every
day. The missing credit cards in your purse or wallet become
the biggest concern.
Do you know what to do if this happens to you? Well, you should
because a few simple steps can save you a lot of headache. It
really isn't difficult to develop an action plan for your lost
or stolen credit cards.
All major credit card companies have policies to protect you
from loss or theft. You just need to know how to get their
policies working for you if your cards become missing.
The first step is to contact your credit card companies to
report your missing cards. Many companies offer a toll free
number or an online service to handle this type of problem
specifically.
Fortunately, federal law states that your are only liable for
the first $50.00 of fraudulent charges made to your account.
However, you are still required to report the card lost or
stolen and if you do so prior to any fraudulent charges, you
are not liable for the $50.00 charge either.
Be sure to carefully review your statement for any charges that
don't belong to you. And, if there are any fraudulent charges to
your account, notify your credit card company in writing
immediately.
When your send in your written notification be sure to mail it
to the billing errors address. Do not send it with your payment
as it will probably become lost and never get recorded.
A lost or stolen debit card works somewhat differently from a
credit card. If you report the card lost or stolen before it is
used you are not liable for any charges, however, if you wait
for even two business days you may be liable for up to $500.00
of any fraudulent charges made with your card.
After you have reported your missing card, be sure to review
your statements carefully for any fraudulent charges. You
should call, as well as, follow-up with a certified letter
regarding any issues with your lost or stolen card. This added
step will help to eliminate any liability on your part.
Also, remember to have your credit card contact information in
a safe place where you can quickly access it if needed.
Of course, the best way to avoid these problems is to keep
careful track of your credit cards. Know where your credit
cards are at all times and keep your pin numbers secret. Also,
be sure to use pin numbers that are not easy to figure out,
such as your date or birth.
Most importantly, be prepared to contact your credit card
companies via telephone and in writing as soon as possible in
the event your cards become lost or stolen.
About the Author: Jill Kane is an author for
http://www.yes-credit-cards.com/
Source: http://www.isnare.com
Friday, July 20, 2007
Landline Credit Card Equipment
Free Credit Card Processing
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
It is difficult to run a successful e-commerce project without being able to make credit card transactions. Credit card processing involves many things, such as the verification of the consumer's credit card number, expiry date, and other data connected with credit cards.
If you are a beginner in business, free credit card processing services would be an ideal option for you. Unlike regular credit card processing, you don't have to pay for expensive credit card processing software, customer service fees, a secure server, minimum transaction fees, and monthly gateway fees when using free credit card processing.
Most free credit card processing companies charge only a nominal fee per transaction or a monthly percentage fee. Therefore, free processing helps you save a significant amount of money every month. However, this does not work well when merchant accounts are involved. Regular credit card processing involves the payment of a statement fee, a minimum fee, a discount fee, and a license fee, in addition to start-up fees.
If you opt to go with free credit card processing, it is advisable that you visit a credit processing firm to learn what kind of transactions are generally done in credit card processing. Third party credit card processing companies can be a good resource for those who are looking for a less expensive means to accept credit cards online. They normally offer free credit card processing services. Their merchant account doesn?t charge any fee for many transactions, including phone, fax, retail, mail, Internet, or wireless businesses.
Lots of free credit card processing companies do not entail creating your own merchant account. Today, many online businesses make use of free credit card processing. They include CCBill, iBill, V-Share, and ShareIt. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Free-Credit-Card-Processing&id=353155
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
It is difficult to run a successful e-commerce project without being able to make credit card transactions. Credit card processing involves many things, such as the verification of the consumer's credit card number, expiry date, and other data connected with credit cards.
If you are a beginner in business, free credit card processing services would be an ideal option for you. Unlike regular credit card processing, you don't have to pay for expensive credit card processing software, customer service fees, a secure server, minimum transaction fees, and monthly gateway fees when using free credit card processing.
Most free credit card processing companies charge only a nominal fee per transaction or a monthly percentage fee. Therefore, free processing helps you save a significant amount of money every month. However, this does not work well when merchant accounts are involved. Regular credit card processing involves the payment of a statement fee, a minimum fee, a discount fee, and a license fee, in addition to start-up fees.
If you opt to go with free credit card processing, it is advisable that you visit a credit processing firm to learn what kind of transactions are generally done in credit card processing. Third party credit card processing companies can be a good resource for those who are looking for a less expensive means to accept credit cards online. They normally offer free credit card processing services. Their merchant account doesn?t charge any fee for many transactions, including phone, fax, retail, mail, Internet, or wireless businesses.
Lots of free credit card processing companies do not entail creating your own merchant account. Today, many online businesses make use of free credit card processing. They include CCBill, iBill, V-Share, and ShareIt. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Free-Credit-Card-Processing&id=353155
Wednesday, July 18, 2007
Landline Credit Card Equipment
Master The Credit Card Application
By Ron King
Once you decide to get a credit card, select the card that's
best for you. Pick the credit card company whose total package
of terms,conditions, interest rates, and incentives matches
your personal needs.
The information you'll need to supply to get a credit card is
essentially the same, whether you apply through the mail, over
the phone, or online.
Application Sources
Most credit card offers come through the mail. This is
convenient to review many different offers in writing in the
leisure and privacy of your home. You can take all the time you
need to read and review each offer in depth. When you're ready
to choose, you can provide the personal and financial
information requested.
All card offers arrive with an application form attached. Just
fill it out and send it in. All forms ask for the same
necessary details. The approval processes take a little longer
by mail, but you should have an answer within 2 weeks.
Another option is to go directly to your local bank branch and
apply in person for a card. This is practically the same
application process; only you are dealing with the bank staff
who can answer your questions in person. The approval time may
even be a bit faster because the bank knows your financial
status and can easily check your credit history.
Applying online is simple, safe, and fast. Just go to that
issuer's web site, click on the "Apply" link and the
application appears. Then carefully follow the instructions.
There's no waiting for the snail mail traveling back and forth.
Any details can be easily handled through e-mail.
Information You Need To Supply
Personal information: driver's license number, social security
number, date of birth, and current address.
Financial information: your employment, salary, banking
relationships, and credit obligations.
And Then The Waiting Begins
Once the application is sent off, the approval time varies.
Some card companies offer instant approval, while others take
as long as 2 weeks. The rate at which you are approved is
generally based on your credit history. Once you have been
approved, you'll be notified by e-mail, mail, or phone.
All the application processes work fine. Just don't apply for
too many cards at the same time. Creditors frown on this. Every
credit check shows up on your credit report. Too many hits at
once make creditors suspicious.
And a suspicious creditor is more likely to say, "NO."
About the Author: Ron King is a full-time researcher, writer,
and web developer. Visit http://www.new-credit-card-now.com to
learn more about this fascinating subject. Copyright 2005 Ron
King.
Source: http://www.isnare.com
By Ron King
Once you decide to get a credit card, select the card that's
best for you. Pick the credit card company whose total package
of terms,conditions, interest rates, and incentives matches
your personal needs.
The information you'll need to supply to get a credit card is
essentially the same, whether you apply through the mail, over
the phone, or online.
Application Sources
Most credit card offers come through the mail. This is
convenient to review many different offers in writing in the
leisure and privacy of your home. You can take all the time you
need to read and review each offer in depth. When you're ready
to choose, you can provide the personal and financial
information requested.
All card offers arrive with an application form attached. Just
fill it out and send it in. All forms ask for the same
necessary details. The approval processes take a little longer
by mail, but you should have an answer within 2 weeks.
Another option is to go directly to your local bank branch and
apply in person for a card. This is practically the same
application process; only you are dealing with the bank staff
who can answer your questions in person. The approval time may
even be a bit faster because the bank knows your financial
status and can easily check your credit history.
Applying online is simple, safe, and fast. Just go to that
issuer's web site, click on the "Apply" link and the
application appears. Then carefully follow the instructions.
There's no waiting for the snail mail traveling back and forth.
Any details can be easily handled through e-mail.
Information You Need To Supply
Personal information: driver's license number, social security
number, date of birth, and current address.
Financial information: your employment, salary, banking
relationships, and credit obligations.
And Then The Waiting Begins
Once the application is sent off, the approval time varies.
Some card companies offer instant approval, while others take
as long as 2 weeks. The rate at which you are approved is
generally based on your credit history. Once you have been
approved, you'll be notified by e-mail, mail, or phone.
All the application processes work fine. Just don't apply for
too many cards at the same time. Creditors frown on this. Every
credit check shows up on your credit report. Too many hits at
once make creditors suspicious.
And a suspicious creditor is more likely to say, "NO."
About the Author: Ron King is a full-time researcher, writer,
and web developer. Visit http://www.new-credit-card-now.com to
learn more about this fascinating subject. Copyright 2005 Ron
King.
Source: http://www.isnare.com
Friday, July 6, 2007
Landline Credit Card Machines
Accepting Credit Cards: A Need of Every Business
By [http://ezinearticles.com/?expert=Paul_MacIver]Paul MacIver
Credit cards are fast replacing the cash payment mechanisms. With online shopping a way of life now, it is imperative that businesses are able to accept credit cards. Today, an average citizen has at least four credit cards, and they are ready to shop using cards for anything, be it online or in shops.
With such good penetration of credit cards, any business owner, even if the scale of business is not too big, should not miss out on implementing credit card payment gateways at their business establishments or websites.
Implementing the Credit Card Payment System:
There are three important parts of a credit card processing system. The first part is a secure form; one that is S.S.L. enabled and will be used to take the credit card details of the customers. This form will capture the details of the customer's credit card and the total payment will be made.
S.S.L. is short for Secure Socket Layer, a way to encrypt the sensitive credit card information, and is supported by all major browsers and ISPs.
The second thing is getting a merchant account with the bank where all the money will be deposited. For that, you will have to get in touch with a bank that will set up the account etc.
Thirdly, you need payment-processing software, which will connect you with the bank and help you accept payments.
If you want, you can bypass all this and implement a third party account as well, which will take care of all these hassles while you get all your money. However, they charge on a per transaction basis, so on every transaction that they process, you will need to pay a fee. Some may also charge a one time account setup fee as well.
Benefits of Accepting Credit Card Payments:
Accepting credit cards is quite beneficial for all merchants, be it small business owners or large sellers. If a small business owner does not accept credit cards, he/she may lose on the huge crowd of customers in the market, as people prefer more and more to shop with cards.
Next, all the international customers like business travelers, or tourists, prefer to use credit cards when shopping. Tourism and travel are on an all time high, and any merchant who does not offer the facility to accept credit card payments will lose out to them.
There are many facilities which small business owners can derive from such a payment system. Visa has come up with a new cash and credit management product for small business owners. Most credit cards in the world are Visa cards.
Since online purchases can be safely and quickly made using credit cards, most people prefer card payments only. If a small business owner has not implemented the credit card facility for online customers, he/she may lose out to a large number of online shoppers.
Many customers are impulsive buyers. Such customers will buy whenever they see something interesting, wherever they see it. They may not have cash on them at the time, but if they like something, they will buy it with their credit card. So to harness such customers, small business owners need to put a credit card payments system in place.
Some customers may not have enough cash reserves to shop, but may choose to buy now and pay the credit card company later.
Checks cannot be used as a reliable method of accepting payments, as they may bounce due to insufficient funds. Credit cards relieve the merchant of the concerns whether he will get his money or not.
Small business owners can make money as well as save money, as credit card payments are faster modes of payment especially if the business is run online.
Paul MacIver is a contributing author for [http://www.mega-info-spot.info]Mega Info Spot - Visit [http://www.your-creditcard-guide.info]Accept Credit Cards for further info on [http://www.your-creditcard-guide.info/sitemap.php]Credit Card Processing and setting up a merchant account.
Article Source: http://EzineArticles.com/?expert=Paul_MacIver http://EzineArticles.com/?Accepting-Credit-Cards:-A-Need-of-Every-Business&id=269919
By [http://ezinearticles.com/?expert=Paul_MacIver]Paul MacIver
Credit cards are fast replacing the cash payment mechanisms. With online shopping a way of life now, it is imperative that businesses are able to accept credit cards. Today, an average citizen has at least four credit cards, and they are ready to shop using cards for anything, be it online or in shops.
With such good penetration of credit cards, any business owner, even if the scale of business is not too big, should not miss out on implementing credit card payment gateways at their business establishments or websites.
Implementing the Credit Card Payment System:
There are three important parts of a credit card processing system. The first part is a secure form; one that is S.S.L. enabled and will be used to take the credit card details of the customers. This form will capture the details of the customer's credit card and the total payment will be made.
S.S.L. is short for Secure Socket Layer, a way to encrypt the sensitive credit card information, and is supported by all major browsers and ISPs.
The second thing is getting a merchant account with the bank where all the money will be deposited. For that, you will have to get in touch with a bank that will set up the account etc.
Thirdly, you need payment-processing software, which will connect you with the bank and help you accept payments.
If you want, you can bypass all this and implement a third party account as well, which will take care of all these hassles while you get all your money. However, they charge on a per transaction basis, so on every transaction that they process, you will need to pay a fee. Some may also charge a one time account setup fee as well.
Benefits of Accepting Credit Card Payments:
Accepting credit cards is quite beneficial for all merchants, be it small business owners or large sellers. If a small business owner does not accept credit cards, he/she may lose on the huge crowd of customers in the market, as people prefer more and more to shop with cards.
Next, all the international customers like business travelers, or tourists, prefer to use credit cards when shopping. Tourism and travel are on an all time high, and any merchant who does not offer the facility to accept credit card payments will lose out to them.
There are many facilities which small business owners can derive from such a payment system. Visa has come up with a new cash and credit management product for small business owners. Most credit cards in the world are Visa cards.
Since online purchases can be safely and quickly made using credit cards, most people prefer card payments only. If a small business owner has not implemented the credit card facility for online customers, he/she may lose out to a large number of online shoppers.
Many customers are impulsive buyers. Such customers will buy whenever they see something interesting, wherever they see it. They may not have cash on them at the time, but if they like something, they will buy it with their credit card. So to harness such customers, small business owners need to put a credit card payments system in place.
Some customers may not have enough cash reserves to shop, but may choose to buy now and pay the credit card company later.
Checks cannot be used as a reliable method of accepting payments, as they may bounce due to insufficient funds. Credit cards relieve the merchant of the concerns whether he will get his money or not.
Small business owners can make money as well as save money, as credit card payments are faster modes of payment especially if the business is run online.
Paul MacIver is a contributing author for [http://www.mega-info-spot.info]Mega Info Spot - Visit [http://www.your-creditcard-guide.info]Accept Credit Cards for further info on [http://www.your-creditcard-guide.info/sitemap.php]Credit Card Processing and setting up a merchant account.
Article Source: http://EzineArticles.com/?expert=Paul_MacIver http://EzineArticles.com/?Accepting-Credit-Cards:-A-Need-of-Every-Business&id=269919
Wednesday, July 4, 2007
Landline Credit Card Equipment
Negotiate Your Way To Lower Credit Card APR's!
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
Tuesday, July 3, 2007
Landline Credit Card Equipment
A Mind-Blowing Secret About Law Firm Cash Management
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
Monday, May 14, 2007
Landline Credit Card Equipment
100% Refinance Mortgage For Consolidation And Other Purposes
By Sarah Dinkins
Obtaining finance by this means is probably one of the cheapest ways of funding your needs. The interest rates you can obtain with mortgage loans are the lowest of the loan market and if you happen to refinance by a lower rate than the one you agreed to with your previous loan, you can save thousands of dollars at the same time.
Inexpensive Source of Funds
Refinance mortgage loans can provide funds with reduced interest rates and by obtaining a longer repayment program you can make sure that the loan installments are low enough so you can afford them without hassles. That’s why the additional funding you can obtain with cash-out refinance loans is perfect for consolidation purposes.
Since these loans provide a fair amount of extra cash, you can use the exceeding amount to pay off outstanding debt. Chances are that this debt is mostly unsecured and thus, you’ll be replacing expensive debt (especially if it is composed mainly of credit card and store card debt) with a cheap loan and end up with a single monthly payment.
Obtaining A Lower Interest Rate
If market conditions have improved since you obtained the previous mortgage loan or if your credit and income situations improved, it is possible that you may obtain a lower interest rate on your refinance home loan. This implies that you may be able to save thousands of dollars over the whole life of the loan.
A mere interest rate reduction of a single point can save you a lot of money. For example: A 7% APR home loan will cost you $700 every $10.000 each year. If the loan has a repayment program of 25 years, it will cost you: $17.500. However, if you can obtain a 6% APR instead, you will be saving $100 every $10.000 each year and thus, on the long run, you’ll save $2.500. For a $100.000 loan, this implies savings of up to $25.000.
Debt Consolidation And Other Purposes
As explained above, these loans are perfect for consolidating debt. They provide cheap funding with which you can replace expensive outstanding debt and obtain a single and lower monthly payment you won’t have trouble affording. However, even if you don’t need to consolidate, there are other purposes that the money can have.
Since these loans provide inexpensive funding any purchases or projects that usually need higher rate loans can be replaced with them thus saving thousands of dollars. For example, you can use the money to finance a home business project, purchase business equipment like computers, finance the purchase of a car or motor vehicle, etc. Whatever purpose you have in mind, 100% refinance home mortgages can provide you with extra funding at very low interest rates.
Sarah Dinkins is an Expert Loan Consultant at Badcreditfinancialexperts.com where you can find other financial articles.
Article Source: http://EzineArticles.com/?expert=Sarah_Dinkins
http://EzineArticles.com/?100%-Refinance-Mortgage-For-Consolidation-And-Other-Purposes&id=509951
It is possible, if you've built some equity on your home with your mortgage payments or due to an increase on your property's worthiness, to obtain a 100% Refinance mortgage loan and use the extra money to consolidate your outstanding debt or employ it for any other purpose that you may think of like home improvements, purchasing goods, etc.
By Sarah Dinkins
Obtaining finance by this means is probably one of the cheapest ways of funding your needs. The interest rates you can obtain with mortgage loans are the lowest of the loan market and if you happen to refinance by a lower rate than the one you agreed to with your previous loan, you can save thousands of dollars at the same time.
Inexpensive Source of Funds
Refinance mortgage loans can provide funds with reduced interest rates and by obtaining a longer repayment program you can make sure that the loan installments are low enough so you can afford them without hassles. That’s why the additional funding you can obtain with cash-out refinance loans is perfect for consolidation purposes.
Since these loans provide a fair amount of extra cash, you can use the exceeding amount to pay off outstanding debt. Chances are that this debt is mostly unsecured and thus, you’ll be replacing expensive debt (especially if it is composed mainly of credit card and store card debt) with a cheap loan and end up with a single monthly payment.
Obtaining A Lower Interest Rate
If market conditions have improved since you obtained the previous mortgage loan or if your credit and income situations improved, it is possible that you may obtain a lower interest rate on your refinance home loan. This implies that you may be able to save thousands of dollars over the whole life of the loan.
A mere interest rate reduction of a single point can save you a lot of money. For example: A 7% APR home loan will cost you $700 every $10.000 each year. If the loan has a repayment program of 25 years, it will cost you: $17.500. However, if you can obtain a 6% APR instead, you will be saving $100 every $10.000 each year and thus, on the long run, you’ll save $2.500. For a $100.000 loan, this implies savings of up to $25.000.
Debt Consolidation And Other Purposes
As explained above, these loans are perfect for consolidating debt. They provide cheap funding with which you can replace expensive outstanding debt and obtain a single and lower monthly payment you won’t have trouble affording. However, even if you don’t need to consolidate, there are other purposes that the money can have.
Since these loans provide inexpensive funding any purchases or projects that usually need higher rate loans can be replaced with them thus saving thousands of dollars. For example, you can use the money to finance a home business project, purchase business equipment like computers, finance the purchase of a car or motor vehicle, etc. Whatever purpose you have in mind, 100% refinance home mortgages can provide you with extra funding at very low interest rates.
Sarah Dinkins is an Expert Loan Consultant at Badcreditfinancialexperts.com where you can find other financial articles.
Article Source: http://EzineArticles.com/?expert=Sarah_Dinkins
http://EzineArticles.com/?100%-Refinance-Mortgage-For-Consolidation-And-Other-Purposes&id=509951
It is possible, if you've built some equity on your home with your mortgage payments or due to an increase on your property's worthiness, to obtain a 100% Refinance mortgage loan and use the extra money to consolidate your outstanding debt or employ it for any other purpose that you may think of like home improvements, purchasing goods, etc.
Saturday, May 12, 2007
Landline Credit Card Equipment
A Mind-Blowing Secret About Law Firm Cash Management
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
Friday, May 11, 2007
Landline Credit Card Equipment
Negotiate Your Way To Lower Credit Card APR's!
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
Thursday, May 10, 2007
Landline Credit Card Equipment
Online VoIP Services Fun
By Brian Wilson
Ok we all have heard of Vonage and the other VoIP providers that will give you unlimited Phone services over your broadband connection having your regular old phone. But there are other services that are similar but have a few extra fun options. Let’s cover one of the services I have started playing with voipbuster dot com. Now for legitimate use it is a very good provider and I have enjoyed calling friends all over the world. Now time to cover the dark side to online VoIP providers. One think to think about is where is the provider located (what country). This is important because there are different laws for different countries and if you use the service to harass people (which is really lame) you could find yourself in real trouble. The kind of fun I am talking about is Spoofing Caller ID and also call bridging. This is nothing new but I just want to write a quick paper on it to get the word out. I was informed of VoIPbuster dot com from a friend of mine so a lot of the credit for this paper needs to go out to Toxic from csthis dot com. Now that I have given credit to the person that spiked my interest with this kind of VoIP Phrecking I can get down to business.
Direct or Call Bridging is the act of connecting two PSTN numbers from a 3rd party. Basically this function allows you to use software to call friends by having the VoIP service call your PSTN number 1st and after the call on your phone goes off hook it will auto dial the remote end PSTN number. Since both land line phones where called neither one of the landline phones will be billed for the call. The cool thing is that called ID is sent in both directions from the numbers called so your phone is ringing with your remote numbers caller ID, when you pick the line up the other end starts ringing and they see your caller ID so there is no trace of the 3rd party connection other than the 1st line getting a auto ringing when it goes off hook to the remote line. This service used legitimately is very useful and cool. But if you decide to use this for fun then you can force anyone to call anyone else and they will have no idea what is happening. To the end caller it looks like they are getting called from the other line. This is fun to do when you are around to see their faces of the people you are forcing to call each other.
Now for the dark side if you call someone’s cell phone and keep them online and call it again while spoofing your called ID number to match there cell phone number it should force you into voicemail. The trick here is that some cell providers do not set passwords to voicemail if it is called from it’s own number (even if you are prompted for a password a lot of systems have default passwords that never get changed). Other fun things to do with caller ID are spoofing you outbound ID to show something funny (like “BellSouth”). The idea here is that the sky is the limit since the PSTN is permanently hooked to the internet. I am sure we will see a lot of hacks coming to exploit the fact the internet and phone infrastructure are now merging.
Spoofing Phone Cards is another trick you can use to have fun. Again there are legitimate reasons to have this kind of card. Perhaps you need to call someone to give them an anonymous tip but wanted to make sure you call was not traced (the card provider could still release the call logs to law enforcement). One of the more popular Spoofing card providers is spoofcard dot com. Now with the different spoofing card providers they offer different features like: the ability to change what someone sees on their caller ID display when they receive a phone call, make calls truly private, ability to record calls, web based control panels, and ability to change your voice on the call.
Sniffing VoIP calls is another trick that can be done. Now there are few good reasons for Sniffing VoIP calls like to trouble shoot VoIP routing issues or to record you own calls. Now there is also many bad thing that can come out of sniffing VoIP like the fact if you are on a open WiFi AP other can be recoding your calls and even rerouting them. There are many kinds of sniffer out on the internet free but the only one I trust and endorse would have to be Cain & Able from oxid.it. With Cain & Able you can do a lot of different kinds of Sniffing to include capturing of Passwords, RPD sessions, SSH, Telnet, and VoIP calls. Cain can do a lot more than just that but I recommend going to there site to read more. As everything moves to the internet there will be many helpful advances in the way we live but keep in mind that with every new convenience there are risks associated with it.
Brian Wilson
CCNA, CSE, CCAI, MCP, Network+
Slimjim100@slimjim100.com
http://www.middlegeorgia.org
http://www.anti-hacker.info
Article Source: http://EzineArticles.com/?expert=Brian_Wilson
http://EzineArticles.com/?Online-VoIP-Services-Fun&id=338585
This artical covers some of the fun things you can do with web based VoIP providers.
By Brian Wilson
Ok we all have heard of Vonage and the other VoIP providers that will give you unlimited Phone services over your broadband connection having your regular old phone. But there are other services that are similar but have a few extra fun options. Let’s cover one of the services I have started playing with voipbuster dot com. Now for legitimate use it is a very good provider and I have enjoyed calling friends all over the world. Now time to cover the dark side to online VoIP providers. One think to think about is where is the provider located (what country). This is important because there are different laws for different countries and if you use the service to harass people (which is really lame) you could find yourself in real trouble. The kind of fun I am talking about is Spoofing Caller ID and also call bridging. This is nothing new but I just want to write a quick paper on it to get the word out. I was informed of VoIPbuster dot com from a friend of mine so a lot of the credit for this paper needs to go out to Toxic from csthis dot com. Now that I have given credit to the person that spiked my interest with this kind of VoIP Phrecking I can get down to business.
Direct or Call Bridging is the act of connecting two PSTN numbers from a 3rd party. Basically this function allows you to use software to call friends by having the VoIP service call your PSTN number 1st and after the call on your phone goes off hook it will auto dial the remote end PSTN number. Since both land line phones where called neither one of the landline phones will be billed for the call. The cool thing is that called ID is sent in both directions from the numbers called so your phone is ringing with your remote numbers caller ID, when you pick the line up the other end starts ringing and they see your caller ID so there is no trace of the 3rd party connection other than the 1st line getting a auto ringing when it goes off hook to the remote line. This service used legitimately is very useful and cool. But if you decide to use this for fun then you can force anyone to call anyone else and they will have no idea what is happening. To the end caller it looks like they are getting called from the other line. This is fun to do when you are around to see their faces of the people you are forcing to call each other.
Now for the dark side if you call someone’s cell phone and keep them online and call it again while spoofing your called ID number to match there cell phone number it should force you into voicemail. The trick here is that some cell providers do not set passwords to voicemail if it is called from it’s own number (even if you are prompted for a password a lot of systems have default passwords that never get changed). Other fun things to do with caller ID are spoofing you outbound ID to show something funny (like “BellSouth”). The idea here is that the sky is the limit since the PSTN is permanently hooked to the internet. I am sure we will see a lot of hacks coming to exploit the fact the internet and phone infrastructure are now merging.
Spoofing Phone Cards is another trick you can use to have fun. Again there are legitimate reasons to have this kind of card. Perhaps you need to call someone to give them an anonymous tip but wanted to make sure you call was not traced (the card provider could still release the call logs to law enforcement). One of the more popular Spoofing card providers is spoofcard dot com. Now with the different spoofing card providers they offer different features like: the ability to change what someone sees on their caller ID display when they receive a phone call, make calls truly private, ability to record calls, web based control panels, and ability to change your voice on the call.
Sniffing VoIP calls is another trick that can be done. Now there are few good reasons for Sniffing VoIP calls like to trouble shoot VoIP routing issues or to record you own calls. Now there is also many bad thing that can come out of sniffing VoIP like the fact if you are on a open WiFi AP other can be recoding your calls and even rerouting them. There are many kinds of sniffer out on the internet free but the only one I trust and endorse would have to be Cain & Able from oxid.it. With Cain & Able you can do a lot of different kinds of Sniffing to include capturing of Passwords, RPD sessions, SSH, Telnet, and VoIP calls. Cain can do a lot more than just that but I recommend going to there site to read more. As everything moves to the internet there will be many helpful advances in the way we live but keep in mind that with every new convenience there are risks associated with it.
Brian Wilson
CCNA, CSE, CCAI, MCP, Network+
Slimjim100@slimjim100.com
http://www.middlegeorgia.org
http://www.anti-hacker.info
Article Source: http://EzineArticles.com/?expert=Brian_Wilson
http://EzineArticles.com/?Online-VoIP-Services-Fun&id=338585
This artical covers some of the fun things you can do with web based VoIP providers.
Wednesday, May 2, 2007
Landline Credit Card Equipment
Telephone Technology
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
Monday, April 30, 2007
Landline Credit Card Equipment
Negotiate Your Way To Lower Credit Card APR's!
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
Saturday, April 28, 2007
Landline Credit Card Equipment
Boosting Your Credit Score To Get The Best Credit Card Deal
By Ethan Hunter
Making Your Credit Rating Work For You
One of the basics of getting the most competitive credit card
deal in the market is to ensure you have the best credit record
possible. Few of us are lucky enough to be earning a six-figure
salary, and many people are likely to have other financial
undertakings that a potential lender will want to take into
account. None of this, however, should preclude you from
getting a top bracket credit rating. Getting a credit score of
700+ may be beyond some consumers, but lifting your credit
rating to a point at which lenders will furnish you with some
of their best deals is not an insurmountable task.
It can be a stressful time applying for a new line of credit.
Many consumers get upset when applying for a new credit card
when they find out their credit score is low, and they have
poor credit.
A lower credit score can impact the amount of money that
financial institutions will lend you. It can also impact on the
rate of interest at which you borrow. In some cases, the
difference between having an excellent credit rating and a poor
one could be getting a 0% deal on your credit card, and paying
an APR that touches 30%. Sometimes financial institutions won’t
even lend you a dime, based on a low credit score.
A variety of factors can impact on your credit score. Generally
speaking, lenders love stability more than anything else. Paying
amounts owed on time is but one of many variables. It could be
that you’ve lived in more than one address over the preceding
three years; or having borrowings with a variety of
institutions. It could even be down to the fact that you’ve got
too much credit already at your disposal.
But just what goes into your credit score? A report by the
analytics experts Fair Issac recently broke credit scoring down
into five categories and assessed their importance on the final
rating.
Most important was how you had paid you bills in the past with
the most emphasis on recent activity. Naturally, paying all
your bills on time is good; paying them consistently late is
bad. Having accounts that were sent to collection agencies is
even worse, though nowhere near as bad as declaring bankruptcy.
Paying your bills in a timely and consistent manner contributed
to 35 percent of the score.
Next most important was the amount of money you owe and the
amount of available credit at your disposal. The assessment of
outstanding debt fell into several categories, and included
credit cards, car loans, mortgages, home equity lines, and so
on. Also given consideration was the total amount of credit
available. If a customer has 10 credit cards that each have
$10,000 credit limits, that totals $100,000 of available
credit. Generally speaking, people who have a lot of credit
available tend to use it. This makes them a less attractive
credit risk. This amounts to 30 per cent of the total credit
score.
Also impacting on credit scores is the length of credit history
(15 percent). The longer a customer has had credit –
particularly if it's with the same financial institution – the
more points they get.
The mix of credit contributes 10 percent to the credit score.
Customers with the best scores have a mix of both revolving
credit, such as credit cards, and installment credit, such as
mortgages and car loans. Statistically, consumers with a richer
variety of experiences are better credit risks. As far as banks
and credit card companies are concerned, they know how to
handle money.
The last important factor taken into consideration is new
credit applications (10 percent). If you’ve applied for several
lines of credit in the past few months this will negatively
impact your credit score.
The antidotes to this are simple. Pay your bills in a timely
manner, particularly in the months leading up to an
application. Close unused retail store cards, credit cards and
old bank accounts with overdraft facilities. Maintain
long-standing and healthy arrangements with banks and other
lenders. Don’t apply for a stack of credit cards, loans and so
on, unless you’re absolutely sure it’s the right product for
you. It goes without saying that you shouldn’t apply for a
credit line unless you use it.
There’s a sixth factor that can contribute enormously to a
negative credit rating. In 2001 it became possible for
customers to get their own credit score in exchange for a small
fee. In the past, prospective lenders were able to keep this
score hidden, and many unscrupulous institutions used this
knowledge to charge a higher APR on credit. By being aware of
your credit score lenders can't lie and say your score was low
and charge higher APR on your credit card.
More importantly, it’s vital that you get rid of black marks on
your credit rating. Errors unfortunately happen all the time,
and erroneous reports of missed payments, referrals to debt
collectors and even bankruptcies can scupper your chances of
getting a low rate of interest and even a credit card
altogether. Query everything and haggle with credit reference
agencies so that only the information that is listed on your
credit history that should be there, is there.
You can find out your credit history by applying to one of
several companies. Many offer an online service and can furnish
you with the information both quickly and cheaply. Equifax,
Truecredit and Consumerinfo are some of the best such
providers.
Patience is the key to getting a great credit score – and the
best credit deals. You’re never going to make the jump from
having a credit score of 500 to one of 700 overnight, but by
implementing easy to follow and practical strategies, you can
quite easily leverage your credit score to a rating that is
respected by all concerned.
About the Author: Ethan Hunter is the author of many credit
related articles. If you are looking for help with Home Loans
or any type of credit issue please visit us at
http://www.creditcardunlimited.com
Source: http://www.isnare.com
By Ethan Hunter
Making Your Credit Rating Work For You
One of the basics of getting the most competitive credit card
deal in the market is to ensure you have the best credit record
possible. Few of us are lucky enough to be earning a six-figure
salary, and many people are likely to have other financial
undertakings that a potential lender will want to take into
account. None of this, however, should preclude you from
getting a top bracket credit rating. Getting a credit score of
700+ may be beyond some consumers, but lifting your credit
rating to a point at which lenders will furnish you with some
of their best deals is not an insurmountable task.
It can be a stressful time applying for a new line of credit.
Many consumers get upset when applying for a new credit card
when they find out their credit score is low, and they have
poor credit.
A lower credit score can impact the amount of money that
financial institutions will lend you. It can also impact on the
rate of interest at which you borrow. In some cases, the
difference between having an excellent credit rating and a poor
one could be getting a 0% deal on your credit card, and paying
an APR that touches 30%. Sometimes financial institutions won’t
even lend you a dime, based on a low credit score.
A variety of factors can impact on your credit score. Generally
speaking, lenders love stability more than anything else. Paying
amounts owed on time is but one of many variables. It could be
that you’ve lived in more than one address over the preceding
three years; or having borrowings with a variety of
institutions. It could even be down to the fact that you’ve got
too much credit already at your disposal.
But just what goes into your credit score? A report by the
analytics experts Fair Issac recently broke credit scoring down
into five categories and assessed their importance on the final
rating.
Most important was how you had paid you bills in the past with
the most emphasis on recent activity. Naturally, paying all
your bills on time is good; paying them consistently late is
bad. Having accounts that were sent to collection agencies is
even worse, though nowhere near as bad as declaring bankruptcy.
Paying your bills in a timely and consistent manner contributed
to 35 percent of the score.
Next most important was the amount of money you owe and the
amount of available credit at your disposal. The assessment of
outstanding debt fell into several categories, and included
credit cards, car loans, mortgages, home equity lines, and so
on. Also given consideration was the total amount of credit
available. If a customer has 10 credit cards that each have
$10,000 credit limits, that totals $100,000 of available
credit. Generally speaking, people who have a lot of credit
available tend to use it. This makes them a less attractive
credit risk. This amounts to 30 per cent of the total credit
score.
Also impacting on credit scores is the length of credit history
(15 percent). The longer a customer has had credit –
particularly if it's with the same financial institution – the
more points they get.
The mix of credit contributes 10 percent to the credit score.
Customers with the best scores have a mix of both revolving
credit, such as credit cards, and installment credit, such as
mortgages and car loans. Statistically, consumers with a richer
variety of experiences are better credit risks. As far as banks
and credit card companies are concerned, they know how to
handle money.
The last important factor taken into consideration is new
credit applications (10 percent). If you’ve applied for several
lines of credit in the past few months this will negatively
impact your credit score.
The antidotes to this are simple. Pay your bills in a timely
manner, particularly in the months leading up to an
application. Close unused retail store cards, credit cards and
old bank accounts with overdraft facilities. Maintain
long-standing and healthy arrangements with banks and other
lenders. Don’t apply for a stack of credit cards, loans and so
on, unless you’re absolutely sure it’s the right product for
you. It goes without saying that you shouldn’t apply for a
credit line unless you use it.
There’s a sixth factor that can contribute enormously to a
negative credit rating. In 2001 it became possible for
customers to get their own credit score in exchange for a small
fee. In the past, prospective lenders were able to keep this
score hidden, and many unscrupulous institutions used this
knowledge to charge a higher APR on credit. By being aware of
your credit score lenders can't lie and say your score was low
and charge higher APR on your credit card.
More importantly, it’s vital that you get rid of black marks on
your credit rating. Errors unfortunately happen all the time,
and erroneous reports of missed payments, referrals to debt
collectors and even bankruptcies can scupper your chances of
getting a low rate of interest and even a credit card
altogether. Query everything and haggle with credit reference
agencies so that only the information that is listed on your
credit history that should be there, is there.
You can find out your credit history by applying to one of
several companies. Many offer an online service and can furnish
you with the information both quickly and cheaply. Equifax,
Truecredit and Consumerinfo are some of the best such
providers.
Patience is the key to getting a great credit score – and the
best credit deals. You’re never going to make the jump from
having a credit score of 500 to one of 700 overnight, but by
implementing easy to follow and practical strategies, you can
quite easily leverage your credit score to a rating that is
respected by all concerned.
About the Author: Ethan Hunter is the author of many credit
related articles. If you are looking for help with Home Loans
or any type of credit issue please visit us at
http://www.creditcardunlimited.com
Source: http://www.isnare.com
Friday, April 27, 2007
Landline Credit Card Equipment
Merchant Credit Card Terminals
By Kent Pinkerton
Merchant credit card terminals are electronic devices offering fast, low-cost means to authorize and process credit card transactions. They are very commonly used in retail stores and restaurants. Most merchant credit card terminals accept all major credit, debit, and private-label cards offering low-cost credit card authorization, check guarantee, and data capture for a range of retail applications.
A terminal to process credit cards is a great investment to your business. Most merchant credit card terminals support Internet-based services such as e-mail, electronic signature, interactive electronic coupons, onscreen advertising, cash management reporting, and e-commerce. They make transactions more convenient, faster, and accurate for both customers and merchants.
At first, merchant credit card processing terminals verify your customer's card information. Then they withdraw money for the purchase from the customer?s account and deposit it directly into your merchant account. The most important units of merchant credit card terminals are card readers with a small keypad and display. They require power supply and can communicate through a telephone line. Modern terminals are powered by batteries and can communicate wireless or over the Internet. They come in several sizes and prices.
There are many types of merchant credit card terminals: traditional terminals (with or without printers), wireless terminals, and virtual or software-based terminals. Merchants with a permanent place of business need a basic card reader terminal. In this case, the terminal is placed right on the counter where all transactions take place. For businesses that constantly change locations, a wireless credit card processing terminal is a good choice. It is suitable for merchants who are always on the go.
Millions of merchant credit card terminals ship annually and the majority have the same basic functions and features. It can only be used in combination with a merchant account that processes credit card transactions. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. A number of terminals also support additional forms of payment such as electronic bank transfers and phone cards.
Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton
http://EzineArticles.com/?Merchant-Credit-Card-Terminals&id=353177
By Kent Pinkerton
Merchant credit card terminals are electronic devices offering fast, low-cost means to authorize and process credit card transactions. They are very commonly used in retail stores and restaurants. Most merchant credit card terminals accept all major credit, debit, and private-label cards offering low-cost credit card authorization, check guarantee, and data capture for a range of retail applications.
A terminal to process credit cards is a great investment to your business. Most merchant credit card terminals support Internet-based services such as e-mail, electronic signature, interactive electronic coupons, onscreen advertising, cash management reporting, and e-commerce. They make transactions more convenient, faster, and accurate for both customers and merchants.
At first, merchant credit card processing terminals verify your customer's card information. Then they withdraw money for the purchase from the customer?s account and deposit it directly into your merchant account. The most important units of merchant credit card terminals are card readers with a small keypad and display. They require power supply and can communicate through a telephone line. Modern terminals are powered by batteries and can communicate wireless or over the Internet. They come in several sizes and prices.
There are many types of merchant credit card terminals: traditional terminals (with or without printers), wireless terminals, and virtual or software-based terminals. Merchants with a permanent place of business need a basic card reader terminal. In this case, the terminal is placed right on the counter where all transactions take place. For businesses that constantly change locations, a wireless credit card processing terminal is a good choice. It is suitable for merchants who are always on the go.
Millions of merchant credit card terminals ship annually and the majority have the same basic functions and features. It can only be used in combination with a merchant account that processes credit card transactions. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. A number of terminals also support additional forms of payment such as electronic bank transfers and phone cards.
Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton
http://EzineArticles.com/?Merchant-Credit-Card-Terminals&id=353177
Wednesday, April 25, 2007
Landline credit Card Equipment
Ever Wonder How Credit Cards Are Made? - Manufacturing Credit Cards: Materials And Processes
By Richard Gilliland
The credit card is made of many plastic layers, laminated together. The center is commonly made from a plastic resin known as polyvinyl chloride acetate (PVCA). This resin is then mixed with other materials, such as dyes and plasticizers to give it the appropriate look and feel.
A variety of inks or dyes, in various colors, are also used for printing credit cards. These inks and dyes are especially made for use on plastic. Special magnetic ink is also available to print the magnetic stripe (magstripe) on the rear side of the card. The inks are made by dispersing metal oxide particles in the appropriate solvents. Card issuers, such as VISA, which have their own holograms, use additional special printing processes which are involved for cards, like VISA, with featured holograms.
The manufacturing of the credit card takes place in the following steps:
1. Plastic compounding and molding: The plastic for the core sheet is made my melting PVCA with other materials. This molten mixture is put in the appropriate molding equipment, and is flattened to the right thickness by passing it through rollers. This sheet is then allowed to cool down.
2. Printing: Each card sheet is then printed with text as well as graphics. Silk screening and magnetic ink printing are the processes used. The magnetic strip can also be created using hot stamping. Magnetic heads are used to code and decode the iron particles in the strip, so that relevant information can be stored in them. However, the magnetic particles can only be useful if they are on the surface of the card, therefore this step is performed after the lamination.
3. Lamination: Essentially, lamination protects the card, and improves its strength. Lamination is done on both sides of the card.
4. Cutting and Embossing: After lamination, each sheet is cut into a set of cards. Each sheet gives a yield of around 63 cards. The sheet is first cut into seven sections longitudinally, and then each of the seven sections is cut into nine cards. Each card is now a separate credit card, and will be embossed with account numbers, and other information. The cards are now ready for shipment to the cardholders! Each card has to be of the premium quality. Customers cannot be given cards which will break or be damaged after a certain period of time. Key quality issues are linked with the compounding of plastic and color matching of the inks. The American National Standards Institute has a standard for plastic raw materials (ANSI specification x4.16-1973). Ingredients have to be correctly weighed, mixed and blended under the proper temperatures and other manufacturing conditions. Similarly, the molding process must be scrutinized to avoid flaws and defects, which could cause the cards to crack or rupture. The final quality check is to make sure the right numbers are stamped on the cards through the embossing process.
The many evolving technologies in this area will help create the credit cards with better quality and make them more cost effective in terms of manufacturing. New generations of credit cards might carry integrated computer chips, containing a variety of valuable information, making the card more useful, as well as secure.
Richard Gilliland Provides Expert opinions and reviews to help you Compare and Apply for a Credit Card - Compare Credit Card Offers with Credit-Wisdom.com - Unraveling the best in credit cards.
Article Source: http://EzineArticles.com/?expert=Richard_Gilliland
http://EzineArticles.com/?Ever-Wonder-How-Credit-Cards-Are-Made?---Manufacturing-Credit-Cards:-Materials-And-Processes&id=527352
By Richard Gilliland
The credit card is made of many plastic layers, laminated together. The center is commonly made from a plastic resin known as polyvinyl chloride acetate (PVCA). This resin is then mixed with other materials, such as dyes and plasticizers to give it the appropriate look and feel.
A variety of inks or dyes, in various colors, are also used for printing credit cards. These inks and dyes are especially made for use on plastic. Special magnetic ink is also available to print the magnetic stripe (magstripe) on the rear side of the card. The inks are made by dispersing metal oxide particles in the appropriate solvents. Card issuers, such as VISA, which have their own holograms, use additional special printing processes which are involved for cards, like VISA, with featured holograms.
The manufacturing of the credit card takes place in the following steps:
1. Plastic compounding and molding: The plastic for the core sheet is made my melting PVCA with other materials. This molten mixture is put in the appropriate molding equipment, and is flattened to the right thickness by passing it through rollers. This sheet is then allowed to cool down.
2. Printing: Each card sheet is then printed with text as well as graphics. Silk screening and magnetic ink printing are the processes used. The magnetic strip can also be created using hot stamping. Magnetic heads are used to code and decode the iron particles in the strip, so that relevant information can be stored in them. However, the magnetic particles can only be useful if they are on the surface of the card, therefore this step is performed after the lamination.
3. Lamination: Essentially, lamination protects the card, and improves its strength. Lamination is done on both sides of the card.
4. Cutting and Embossing: After lamination, each sheet is cut into a set of cards. Each sheet gives a yield of around 63 cards. The sheet is first cut into seven sections longitudinally, and then each of the seven sections is cut into nine cards. Each card is now a separate credit card, and will be embossed with account numbers, and other information. The cards are now ready for shipment to the cardholders! Each card has to be of the premium quality. Customers cannot be given cards which will break or be damaged after a certain period of time. Key quality issues are linked with the compounding of plastic and color matching of the inks. The American National Standards Institute has a standard for plastic raw materials (ANSI specification x4.16-1973). Ingredients have to be correctly weighed, mixed and blended under the proper temperatures and other manufacturing conditions. Similarly, the molding process must be scrutinized to avoid flaws and defects, which could cause the cards to crack or rupture. The final quality check is to make sure the right numbers are stamped on the cards through the embossing process.
The many evolving technologies in this area will help create the credit cards with better quality and make them more cost effective in terms of manufacturing. New generations of credit cards might carry integrated computer chips, containing a variety of valuable information, making the card more useful, as well as secure.
Richard Gilliland Provides Expert opinions and reviews to help you Compare and Apply for a Credit Card - Compare Credit Card Offers with Credit-Wisdom.com - Unraveling the best in credit cards.
Article Source: http://EzineArticles.com/?expert=Richard_Gilliland
http://EzineArticles.com/?Ever-Wonder-How-Credit-Cards-Are-Made?---Manufacturing-Credit-Cards:-Materials-And-Processes&id=527352
Tuesday, April 17, 2007
Landline Credit Card Equipment
Minimum Credit Card Payments To Rise
By Charles Essmeier
For years, major credit card companies have allowed cardholders
to make minimum payments of 2% of the outstanding balances on
their credit cards. Having customers pay the minimum doesn’t
reduce the balance by very much, but when the 18-30% interest
rates that many credit cards charge is applied, the result is a
profitable ones for the banks that issue credit cards. A balance
of $1000 can take nine years to pay off at 20% interest if the
borrower only pays the minimum due each month.
Clearly, it is not in the best interests of consumers to pay
the minimum every month. But tens of thousands of Americans do
just that, carrying huge balances and paying the minimum every
month. The average household now carries $10,000 in credit card
debt; for many people, paying the minimum is all they can
manage. Due to changes in Federal law, several major credit
card issuing banks will soon raise the minimum amount due to
4%. This might seem like a small increase, but if you are
already deep in debt and paying the minimum amount, this could
cause your payments to double. If you have a $10,000 balance
and you are paying $200 per month, you will soon need to come
up with $400 instead. Many people will find this impossible to
do, as they are already paying as much as they can. What
solutions are available?
The usual common sense rules of credit card use apply here.
Stop using your credit cards. See if you can consolidate your
debt on another credit card with lower interest. See if you can
cut out some unnecessary expenses in order to free up some more
money to pay your balance. Consider a home equity loan to
consolidate your debt. Call your card issuing bank and see if
they can work out repayment plan or lower your interest rate.
There are numerous solutions available, but card holders need
to be aware that the minimum payment is rising, and it isn’t
going to come back down. By charging a 4% minimum, the credit
card issuing banks are hoping that consumers will pay off their
debt a bit sooner and that fewer consumers will find themselves
in a situation where filing for bankruptcy is the only
solution. And once October comes around, even filing for
bankruptcy will be more difficult. Credit card holders with
large balances on their accounts should give considerable
thought to reducing their debt now, as payment options and
requirements are going to be more strict from now on.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.
Source: http://www.isnare.com
By Charles Essmeier
For years, major credit card companies have allowed cardholders
to make minimum payments of 2% of the outstanding balances on
their credit cards. Having customers pay the minimum doesn’t
reduce the balance by very much, but when the 18-30% interest
rates that many credit cards charge is applied, the result is a
profitable ones for the banks that issue credit cards. A balance
of $1000 can take nine years to pay off at 20% interest if the
borrower only pays the minimum due each month.
Clearly, it is not in the best interests of consumers to pay
the minimum every month. But tens of thousands of Americans do
just that, carrying huge balances and paying the minimum every
month. The average household now carries $10,000 in credit card
debt; for many people, paying the minimum is all they can
manage. Due to changes in Federal law, several major credit
card issuing banks will soon raise the minimum amount due to
4%. This might seem like a small increase, but if you are
already deep in debt and paying the minimum amount, this could
cause your payments to double. If you have a $10,000 balance
and you are paying $200 per month, you will soon need to come
up with $400 instead. Many people will find this impossible to
do, as they are already paying as much as they can. What
solutions are available?
The usual common sense rules of credit card use apply here.
Stop using your credit cards. See if you can consolidate your
debt on another credit card with lower interest. See if you can
cut out some unnecessary expenses in order to free up some more
money to pay your balance. Consider a home equity loan to
consolidate your debt. Call your card issuing bank and see if
they can work out repayment plan or lower your interest rate.
There are numerous solutions available, but card holders need
to be aware that the minimum payment is rising, and it isn’t
going to come back down. By charging a 4% minimum, the credit
card issuing banks are hoping that consumers will pay off their
debt a bit sooner and that fewer consumers will find themselves
in a situation where filing for bankruptcy is the only
solution. And once October comes around, even filing for
bankruptcy will be more difficult. Credit card holders with
large balances on their accounts should give considerable
thought to reducing their debt now, as payment options and
requirements are going to be more strict from now on.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.
Source: http://www.isnare.com
Monday, April 16, 2007
Landline Credit Card Equipment
Telephone Technology
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
Saturday, April 14, 2007
Landline Credit Card Equipment
Save Money By Using A Virtual Switchboard And Never Miss Another Call
By Michael Soliatis
For a small business the cost of a phone system can seem disproportionate to its advantages. But not having one can make a business seem less professional and, worse still, can lead to lost business from inefficient handling of calls.
The same dilemma faces a small business start-up, which these days can often mean working from home. One of the first considerations is what phone number to use in order to effectively handle phone calls. Four options immediately become apparent: Use a mobile cell phone for business but risk not seeming professional. Immediately stand the cost of an extra business phone line. Use a home phone and again run the risk of seeming unprofessional when one of the kids picks it up. Or use a human answering service, which adds unnecessary cost to a start up business.
However, now, thanks to modern phone switch technology, small businesses whether established or just starting, have a fifth option called a virtual switchboard. And for those based in the United Kingdom, it is often free.
A virtual switchboard enables any business to enjoy all the features of a business phone system without any capital expenditure or other costs such as installation, rentals, maintenance etc. In fact all you need is a land line phone number on which to receive calls.
Switchboard Features For Little Or No Cost
This is how it works. Most virtual switchboard operators in the UK provide a free non-geographic phone number with a 08 prefix. When someone calls your 08 number, the call will route through the phone company's switch and it this that does all the clever work.
The caller hears an announcement that says something like "Please hold whilst we connect your call". Simultaneously your home phone will ring. When you pick it up you'll hear an announcement such as "You have a call for the sales department. Please press any key to accept". This is how you know it is a business call. If one of the kids has picked up the phone, this is their signal to pass the phone to you to accept the call. This same feature can be used to enable you to don an appropriate hat for sales, support, accounts etc.
If you are particularly busy, most virtual switchboards will advise the caller of their queue position and play music on hold. And if you are engaged, the call can be routed to a colleague at a different number. If the phone isn’t answered, the caller will be sent to voicemail where they can leave a message.
Voicemail Is Standard
Virtual Switchboards all have voicemail and most will also send voicemail messages to your email inbox as voice file attachments that you can listen to on your computer.
Receive Notification Of Failed Calls
Some virtual switchboards also have a very useful feature whereby, if a caller hangs up without leaving a message, you'll receive an email with the caller's phone number so you can call back. In fact, with a virtual switchboard you need never miss another call.
Track Advertising Response
It isn't just business start ups that can benefit from a virtual switchboard. It never ceases to amaze how many established businesses pay for expensive advertising then fail to answer every call. Just call a few tradesmen out of Yellow Pages and notice how many don’t answer. In fact a recent survey by TagMe found that a sample of their customers was losing hundreds of thousands of pounds in missed calls.
This is a situation where a virtual switchboard can easily track advertising response. By placing a different 08 phone number into each advert, calls can be tracked in two ways. First, when answering a call it can be announced, as described above, by the name of the source that generated the enquiry. Second, by referring to the call statistics made available by most virtual switchboard operators. This means you can easily verify which adverts produce an acceptable level of response and which do not.
Record Conversations
There are many situations when a recording of a phone conversation can be of immense value either as a training aid or to resolve disputes about precisely what was said. Some credit card companies now require merchants to record all credit card transactions that are made by phone. But to record conversations requires a capital expenditure on specialised recording equipment. However, many virtual switchboard operators offer a call recording facility as well.
Call Handling Versatility
A virtual switchboard can be used for your main business phone number or as a way to easily obtain additional phone numbers for other purposes such as marketing, customer services or support. Because your 08 switchboard number can easily be rerouted, it's also useful when certain services, such as product support, have been out sourced. If you change to a different outsource company, it is a matter of moments to reroute calls to a new one.
All in all a virtual switchboard can be of enormous value to businesses of all sizes in all sorts of situations that require calls to be handled effectively. And when many are available at no cost it behooves any business, large or small to take advantage of their flexibility to improve their call handling.
Michael Soliatis has written several articles about the advantages of using a virtual switchboard and is the proprietor of a UK virtual switchboard service.
Article Source: http://EzineArticles.com/?expert=Michael_Soliatis
http://EzineArticles.com/?Save-Money-By-Using-A-Virtual-Switchboard-And-Never-Miss-Another-Call&id=276797
By Michael Soliatis
For a small business the cost of a phone system can seem disproportionate to its advantages. But not having one can make a business seem less professional and, worse still, can lead to lost business from inefficient handling of calls.
The same dilemma faces a small business start-up, which these days can often mean working from home. One of the first considerations is what phone number to use in order to effectively handle phone calls. Four options immediately become apparent: Use a mobile cell phone for business but risk not seeming professional. Immediately stand the cost of an extra business phone line. Use a home phone and again run the risk of seeming unprofessional when one of the kids picks it up. Or use a human answering service, which adds unnecessary cost to a start up business.
However, now, thanks to modern phone switch technology, small businesses whether established or just starting, have a fifth option called a virtual switchboard. And for those based in the United Kingdom, it is often free.
A virtual switchboard enables any business to enjoy all the features of a business phone system without any capital expenditure or other costs such as installation, rentals, maintenance etc. In fact all you need is a land line phone number on which to receive calls.
Switchboard Features For Little Or No Cost
This is how it works. Most virtual switchboard operators in the UK provide a free non-geographic phone number with a 08 prefix. When someone calls your 08 number, the call will route through the phone company's switch and it this that does all the clever work.
The caller hears an announcement that says something like "Please hold whilst we connect your call". Simultaneously your home phone will ring. When you pick it up you'll hear an announcement such as "You have a call for the sales department. Please press any key to accept". This is how you know it is a business call. If one of the kids has picked up the phone, this is their signal to pass the phone to you to accept the call. This same feature can be used to enable you to don an appropriate hat for sales, support, accounts etc.
If you are particularly busy, most virtual switchboards will advise the caller of their queue position and play music on hold. And if you are engaged, the call can be routed to a colleague at a different number. If the phone isn’t answered, the caller will be sent to voicemail where they can leave a message.
Voicemail Is Standard
Virtual Switchboards all have voicemail and most will also send voicemail messages to your email inbox as voice file attachments that you can listen to on your computer.
Receive Notification Of Failed Calls
Some virtual switchboards also have a very useful feature whereby, if a caller hangs up without leaving a message, you'll receive an email with the caller's phone number so you can call back. In fact, with a virtual switchboard you need never miss another call.
Track Advertising Response
It isn't just business start ups that can benefit from a virtual switchboard. It never ceases to amaze how many established businesses pay for expensive advertising then fail to answer every call. Just call a few tradesmen out of Yellow Pages and notice how many don’t answer. In fact a recent survey by TagMe found that a sample of their customers was losing hundreds of thousands of pounds in missed calls.
This is a situation where a virtual switchboard can easily track advertising response. By placing a different 08 phone number into each advert, calls can be tracked in two ways. First, when answering a call it can be announced, as described above, by the name of the source that generated the enquiry. Second, by referring to the call statistics made available by most virtual switchboard operators. This means you can easily verify which adverts produce an acceptable level of response and which do not.
Record Conversations
There are many situations when a recording of a phone conversation can be of immense value either as a training aid or to resolve disputes about precisely what was said. Some credit card companies now require merchants to record all credit card transactions that are made by phone. But to record conversations requires a capital expenditure on specialised recording equipment. However, many virtual switchboard operators offer a call recording facility as well.
Call Handling Versatility
A virtual switchboard can be used for your main business phone number or as a way to easily obtain additional phone numbers for other purposes such as marketing, customer services or support. Because your 08 switchboard number can easily be rerouted, it's also useful when certain services, such as product support, have been out sourced. If you change to a different outsource company, it is a matter of moments to reroute calls to a new one.
All in all a virtual switchboard can be of enormous value to businesses of all sizes in all sorts of situations that require calls to be handled effectively. And when many are available at no cost it behooves any business, large or small to take advantage of their flexibility to improve their call handling.
Michael Soliatis has written several articles about the advantages of using a virtual switchboard and is the proprietor of a UK virtual switchboard service.
Article Source: http://EzineArticles.com/?expert=Michael_Soliatis
http://EzineArticles.com/?Save-Money-By-Using-A-Virtual-Switchboard-And-Never-Miss-Another-Call&id=276797
Friday, April 13, 2007
Landline Credit Card Equipment
A Mind-Blowing Secret About Law Firm Cash Management
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
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