Credit Card Processing – Everything You Need to Know

Credit card processing is a vital part of any business that wants to accept credit cards as a form of payment. Whether you run a brick-and-mortar store or an online business, you’ll need to find a reliable credit card processing solution that will work for you. In this article, we’ll give you an overview of what credit card processing is and how it works, as well as some tips on finding the right solution for your business.

What is Credit Card Processing?
Credit card processing is the process of accepting credit cards as a form of payment for goods or services. This can be done either through a physical point-of-sale (POS) system or online. Credit card processing solutions typically include a merchant account, credit card reader, and payment gateway.

In order to process credit cards, businesses will need to apply for and be approved for a merchant account. This is a type of bank account that allows businesses to accept credit card payments. Once you have a merchant account, you’ll need to set up a credit card reader. This can be either a physical device that’s attached to your POS system or a virtual terminal that allows you to process payments online. Finally, you’ll need a payment gateway. This is a software that connects your merchant account to your payment processor, which is the company that actually processes the credit card payments.

How Does Credit Card Processing Work?
When a customer makes a purchase with a credit card, the credit card processor will authorize the transaction and send the funds to your merchant account. This usually takes a few days. Once the funds are in your account, you can then transfer them to your business bank account.

There are typically three parties involved in a credit card transaction: the merchant, the customer, and the credit card processor. The merchant is the business that’s selling the goods or services. The customer is the person who’s using their credit card to pay for the purchase. And the credit card processor is the company that’s responsible for processing the credit card payment.

When a customer makes a purchase, the merchant will send the credit card information to the credit card processor. The processor will then either approve or decline the transaction. If the transaction is approved, the processor will send the funds to the merchant’s account. This usually takes a few days. Once the funds are in the merchant’s account, they can then transfer them to their business bank account.

Tips for Choosing a Credit Card Processor
There are a few things you’ll want to keep in mind when you’re looking for a credit card processor. First, you’ll want to make sure that the processor can handle the volume of transactions you expect to process. You’ll also want to make sure that they have a good reputation and are known for providing good customer service. Finally, you’ll want to compare the fees charged by different processors to make sure you’re getting the best deal.

When you’re looking for a credit card processor, it’s important to compare the fees charged by different processors. You’ll want to find a processor that charges a flat fee per transaction, rather than a percentage of the total sale. You’ll also want to make sure that the processor doesn’t charge any hidden credit card processing fees.

It’s also important to make sure that the credit card processor you choose can handle the volume of transactions you expect to process. If you’re a small business, you might not need a processor that can handle a lot of transactions. But if you’re a larger business, you’ll want to make sure that the processor can handle your transaction volume.

Finally, you’ll want to make sure that the credit card processor you choose has a good reputation. You can check out online reviews to see what other businesses have to say about the processor you’re considering.

The Bottom Line
Credit card processing is essential for any business that accepts credit cards. When you’re choosing a credit card processor, there are a few things you’ll want to keep in mind, including fees, transaction volume, and customer service. By keeping these factors in mind, you can be sure to find a credit card processor that’s right for your business.

Questions For Your Debt Negotiator

Dealing with creditors can be a hassle, which is why people often choose to enlist the help of a third party debt negotiator. While working with a third party may be helpful, there are some things to consider. First, are they legitimate? Can they really maximize your chances at successful negotiation? and What type of negotiation will they provide you? It is important to know the answers to these questions before signing up for services. Protect your debt negotiation by asking the following questions:

What services do you provide?

Not all debt relief companies are the same and some tend to advocate or sell one particular type of service, like a debt settlement. You want to choose a company that offers a wide variety of services and doesn’t try to treat your financial situation the same as the next customer. A reputable debt negotiation company will offer services in debt management solutions, budgeting and saving, smart money management and investing advice.

Are your staff trained and licensed?

There are a multitude of negotiation companies in operation, which makes it difficult to know which ones are legitimate and which ones should be avoided. A reputable agency will staff licensed and credentialed employees who have extensive training the field of finance. A company that only staffs employees who were trained “in house” should be pursued with caution, as these employees may not be adequately trained or knowledgeable.

How does your company make money?

The debt negotiation business can be broken into two types of companies: for profit and non-profit agencies. Credit counseling companies are an example of non-profit agencies that charge minimal fees for services and are accredited by the government. While there isn’t anything inherently wrong with using a for profit business, be aware that you are likely to be charged much larger fees for services and may even be required to pay upfront.

What is required of me in the process?

Using a third party debt negotiator does not mean that you are free from responsibility in your debt resolution. In fact, you should remain an active participant in the process throughout the negotiation. It is important that you stay in contact with your lender and obtain a signed letter of approval for whatever deal is arranged by the debt negotiation company. You may be required to make payments or provide additional information throughout the process. Always keep an eye on the debt negotiator and ask questions any time you are unsure of something.

Strategies For Staying Present

We are all becoming familiar with the phrase “staying present” or becoming “self aware” or “conscious”, but what does that mean? These terms refer to doing things with purpose, intention and awareness. Quite often we are on automatic pilot, going through our jobs, our daily chores and even some of our relationships with routine alertness, like a worker on an assembly line. With little thought, questioning or meaning goes into our daily lives, we lack purpose, fulfillment and peace. The following are some strategies for staying in the present moment:

1. Listen To Your Thoughts -By listening and acknowledging your thoughts you are actually becoming instrumental in controlling them. Many of us, in our hurry to get on with life, either bury the thought if it conjures up painful emotions or we ruminate the same thought over and over again in our heads, often exaggerating the situation or hyper-analyzing it. Neither of these are good:

Buried Emotions = Chronic Illness

From Nelson Mandela:

Your beliefs become your thoughts,

Your thoughts become your words

Your words become your actions

Your actions become your habits

Your habits become your values

Your values become your destiny

Instead, every so often acknowledge the thought you are thinking. If it is positive – great, but if not ask yourself where this thought originated. It may be something that was said to you as a child and has absolutely no value today but you are still carrying it with you as an adult. Dispel it, get rid of it! Whatever you do, get to the bottom of it and do not try to pass it off. Try turning it around so it becomes a positive, empowering thought.

Here is an example of what you might be churning over and over again in your head after speaking with someone, “What a stupid thing to say. Why I am I always saying such stupid things?” You are not always saying stupid things. And why is it that you are of the opinion that the things you say are perceived as stupid? Where did this thought originate – go back and dig it up – a teacher? a parent? Now turn it around – “I sometimes say some funny things but I think that is what people like about me” or “I am always able to say something silly to lighten up a situation”. Find the positive.

2. Do Something that You Enjoy – Ever notice how in the moment you are when you are dancing or singing to music. What about when you are scuba diving, painting, surfing, or making love. Do you stop in the middle of whatever you are doing and start thinking about a conversation you had with your colleague at work yesterday or the bills you have to pay next month? (If so, I suggest you get a new lover!)

3. Meditate – I am big on meditation. You learn so much about yourself and you can take yourself as far as the imagination can stretch through meditation. It can help you to become more focused so you perform tasks more efficiently. Meditation provides clarity so you see things in a more refined manner, not just in the obscure way that you may mentally perceive things. It can also open the door to change – and this is big when we are talking about personal growth, improving health and going through a challenging period in your life. Start with five minutes a day and try to work up to doing 15 minutes or more in the morning and before bed. You will be amazed by the results. For beginners I really suggest a guided visualization because the mind has a tendency to wander when you are new at this.

4. Yoga – Like meditation, the benefits of yoga are numerous, particularly if you have a good yoga instructor who really helps you get into the mind/body connection. Take a few classes at different places and shop around before you commit to one studio. Not only will your body thank you for opening it up and becoming supple, but you will start to release crap – not just toxins, I mean all the stuff that has made you rigid over the years – your mother’s issues, your best friend’s issues, your dog’s issues – all of it. If you are only 20, you will likely have less crap than someone who is 55, but even if you are 75, you are not too old to start yoga. It is one of the best methods of teaching yourself to get into your body and just be there.

These are a few of the methods of learning to stay present and they do work with practise. This is one of the most important skills we can learn and use on a daily basis to keep our thoughts in check and our stress and anxiety levels at a minimum.