You might be wondering why you are dealing with all this credit card crap in the first place. Someone is taking a chunk of your revenue… you hate statements and bills…and now you have to worry about those fraudulent anarchists? (someone’s blog on fraud protection quoted the Anarchist Cookbook, which outlines details for pulling off [...]
Dec
4
2009
4
2009
Dec
3
2009
3
2009
Rules for accepting MasterCard
So I was just about to share MasterCard’s merchant rules when I read the first paragraph from their manual online, which says:
“Proprietary Rights: The information contained in this document is proprietary and confidential to MasterCard International Incorporated, one or more of its affiliated entities (collectively “MasterCard”), or both. This material may not be duplicated, published, [...]
Dec
2
2009
2
2009
The 17 commandments of accepting VISA cards
This is dorky, I know, but who wants to read a list of rules? These rules are lengthy, but important to know so you don’t get booted out of a credit card processing agreement.
1-Thou shalt not require a minimum purchase amount: As a merchant, you are not allowed to require a minimum purchase amount. I’ve [...]
Dec
2
2009
2
2009
How do I accept Discover and American Express?
Discover Card and American Express work on different networks than Visa and MasterCard, and are essentially their own processors. Most credit card processors will assist you with getting set up to accept these cards, but you can sign up with American Express online, directly. With American Express, you receive an American Express Service Establishment (SE) [...]