Question by Jessica Brooke: What problems do you all see with credit card machines? How can we make these easier to use?

Best answer:

Answer by Cameron
- the security features that restricts withdraws only in you home area. very annoying when i travel out of town and forget to call in ahead

- the daily limit thing

all the above applies to debit card use, not credit cards. hope you invent something more convenient

Give your answer to this question below!

Question by : how do credit card machines work?
let’s say you have a debit card and you buy something at a store. can that store keep charging you even after you buy something there? if so, how can someone stop them from doing it?

Best answer:

Answer by JIM
They can only charge you while your card is inserted into their machine

Add your own answer in the comments!

Question by jewel1988: for all business owners that have the credit card machines how do u go about voiding transaction.?
i was wrongly charged at it was voided. but what do u do on the small machines to void.

Best answer:

Answer by onlymanolos1
Generally a debit would be ran to void a credit and a credit would be ran to void a debit.

Once this is done, you can them proceed with the transaction as you normally would.

For accounting purposes, to void a single transaction would not be recommended.

What do you think? Answer below!

Question by Mad M: Does anyone know where the best deals are for credit card machines and reasonable rates?
Tired of calling places for rates just want it in writing. Pricing per credit card charge, rates of credit cards, debit cards, and checks. Monthly rates and rental, lease, or to buy is the better way?

Best answer:

Answer by jason.bordeaux@sbcglobal.net
Is anything less fun than deciding on a merchant processor?

Many of the questions you have asked have varying answers depending on your type of business. What type of cards will you be taking? What is your anticipated total volume and average ticket size? Will you swipe cards or will you be taking phone, mail and/or internet orders?

MasterCard and Visa have over 240 different rates for processing credit and debit cards. These rates vary and are divided into categories based on type of card (Visa Rewards, MC Corporate, Debit, etc.) as well as manner of processing (swipe, key entered, etc.) or even the industry. Every merchant processing company is charged the exact same rate by MC and Visa no matter how big or small and then decides on what rates they will then pass on to their merchants. These rates vary depending on the annual amount processed by an individual merchant.

Most reputable processors offer very similar rates. In general, you should look at these processors and decide which one best suits your individual service needs. Those processors who claim massive savings in comparison to the rest of the pack are usually somewhat suspect as they simply can’t offer savings beyond the rates charged to them by MC and Visa and the margins are actually very small. They will make their money off of you somehow so read the fineprint.

That said, if you are expecting relatively low $ $ average tickets, look for lower transaction fees and accept slightly higher % rates. For higher average tickets, accept higher transaction fees and look very carefully at the % rates for all types of cards as higher average transactions usually encourage Visa Rewards, MC World and other specialty card usage. Most processors who offer “the lowest rates” charge really high fees for these types of cards. Also, if you expect to key enter many of your transactions, be careful! The rates for these transactions can be very high and must be processed properly or you will be charged the highest rates/fees that can be assessed.

Lastly, your equipment needs should be accessed on an individual basis. DO NOT LEASE! This is where many processing companies make their big dollars and lock you into their services. Never agree to a term agreement – you should be able to change processors whenever you want. Your volume, processing needs and financial situation should dictate whether you buy a new or refurbished machine and what its capabilities are.

If you would like more info, e-mail me at jbordeaux@windriverfinancial.com or give me a call at (920)993-9433. I can help you wade through the muck and find out what you need. If we are a good choice, I’ll let you know. If not, I’ll point you in the right direction.

Add your own answer in the comments!

Question by aprilmccauley123: How do you find a reputable company that handles credit card machines /merchant accts for a business ?
I am trying to find a credit card /merchant acct business but who can you trust ? is there a way to feel comfortable about what your getting? They all seem to be so high on the monthly fees also ? any help on this matter would be appreciated? Thanks

Best answer:

Answer by Brother Otter
Start with Mastercard.com or Visa.com and look up the instructions for merchants. You’ll have to be doing business with a company that clears credit cards and they all offer some kind of CC clearing machine.

If you’re uncertain about anyone, check the Better Business Bureau at www.BBB.org

Give your answer to this question below!

Question by Curious: What kind of stylus will work on grocery store credit card machines if I want to buy one for me alone(germs!)?
I’d like to purchase one to keep so I can sign the credit card screens, but I don’t have to use the one everyone else uses.

Best answer:

Answer by TV guy
Just carry some hand antibactirrial santizing lotion – they have some really small bottles now.

Most likely, any plastic tip will work.

What do you think? Answer below!

Incoming search terms for the article:

• grocery store stylus

Question by Justin25: Does Credit card machines collect my personal info?
My friends store, got broke in to and his credit card machine/Debit machine got rip out of his counter, I used his machine couple times that week,I am afraid of ID theft, Could they get my card info from the machine, I am worry. Please help.

Best answer:

What do you think? Answer below!

Question by latora_king: credit card machines how do they work i need some1 that knows there stuff?
Guys i made a debit card transaction on 11/16/2007, now here is my question if i made the transacion on 16 when i got paid why did it take till 12/03/2007 to post to my account?/????? how do those credit card machines work in stores is there paper work that has to be turned in, in order for the sale to post to the account, or it goes through that moment when they swipe ur card??????

Best answer:

Answer by Hobbes
It depends on whether the store clerk ran the transaction as a debit or credit (did they ask?). Works like this: card swiped, machine checks pin entered (if debit) against the mag stripe, machine dials out to Visa (or MC, or . .) checks acct # for current, then trans amt against avail. funds (if debit) or credit limit, then issues approve or non-approve. Then – that night (or whenever store gets around to it, all trans are ‘batched’ together & transmitted to the store’s bank, which charges a clearing bank which then collects amt from the cardholder’s bank. Debit’s usually take 2-5 days to post, credit sometimes longer. Delays most likely caused at the store. Hope that helps.

Add your own answer in the comments!

Problem by : Will they take out credit card machines out of meals stores since of May possibly 21?
A corner keep in my neighborhood explained the organization removed their credit card machine simply because the world is heading to conclude. The device is not there. Is this genuine?

Finest answer:

Solution by Woof
Certainly, it can be true.

What do you feel? Remedy below!

Concern by Justin W: Credit Card devices that run off of internet on a pc?
I have wi-fi 5GB broadband internet support on my pc. Is there anyway I can hook a credit card machine to my usb port and use the world wide web to operate credit cards for my company. If so, what is a good setup.
Many thanks!

Greatest answer:

Reply by G
I would get in touch with the CC co. that you want to use and they need to be in a position to inform you what the very best set up is.

What do you believe? Remedy below!