Ways of Credit Card Payments
Normally when we pay for a credit card, what we do is sign the payment slip attached with the credit card, attach our cheque to it and drop it in the drop box of the respective credit card company. This is what most of us do. Another way is to either to go to the bank and make the deposit in the bank or call the credit card company representative for payment of our credits.
Today, one way which is picking up the market is the use of Pay Pal. Pay Pal is one of the easiest ways of credit card payments. You just have to register yourself online and can get your transactions done online. No botheration of going to the bank, or the drop box or calling of the representative. Just pay your credit simply by sitting at home.
There is a budget billing concept coming in the market. In this, certain companies pay your bill on your behalf in cases where you are not in a situation to pay your bill. These companies then take the amount paid for you, by them after a certain interval of time – say, three months. You can also register your name for your credit payments. As, it is a up coming concept in India, how reliable are such companies or how much faith you can put on them, depends entirely upon you.
These are some of the ways which you can use to make your Credit Card Payment; but, before you make payments there are certain things which you should keep in mind. Even if you do not have much money with you, always pay the maximum amount you can or pay the minimum amount which is printed on the credit card bill. Secondly, make round – off payments, this will make it easier for you to remember the amount you have paid. Thirdly, pay off the balances with higher interest rates first. Say, if you have two to three payments off, and there are certain which is incurring higher interest rate, then pay that one as compared to those incurring lower interest rates.
Keeping in view all the above said points, credit card payments should be made.
Watch the video related to credit card payment
iPhone application that allows mobile processing of credit card charges on an iPhone. www.processaway.net
September 9th, 2009 at 4:43 am
I would not take the information over the phone. It opens you up to too much liability. Use PayPal or another service where you can email an invoice or a link for the buyer to pay through the service. The buyer does not have to have a PayPal account. The renter can use Visa or Mastercard, and you can refund the deposit after the rental. However, you must make sure that the partial refund is completed within a certain time period (I think 60 days) in order to do the refund.
We've used PayPal for several years in order to avoid the monthly minimum fees by some of the processors.
Mike
September 9th, 2009 at 5:26 am
Customers can use their credit card or bank account (where available) with paypal even if they don't have an account with them. Paypal is a safe and secure way for your customers to make purchases online. I use paypal on ebay and for all other online shopping. I also use it for my online websites.
Another great one to try is 2checkout, I have used them as a customer but have not yet added them to my websites.
Hope that helps to answer your question.
September 9th, 2009 at 11:00 am
September 9th, 2009 at 4:55 am
credit one bank sent me a card that i did not even activate. The credit limit was $200! i owe them $74and have never used the card.!..soooo i guess they will be charging me LATE FEES for a card that i havent even used and WILL NOT use. look at my vid. CREDIT ONE BANK ARE THIEVES AND ROBBERS!
September 10th, 2009 at 7:13 pm
Go directly to MasterCard and apply. They can get you started today. You did not say what amount of business you are doing but i dont think there is a minimum..
September 11th, 2009 at 7:56 am
Actually, you're doing very well. The more you pay, the sooner the debt disappears.
First, get rid of the CC debt ASAP.
Next, take what you were paying on the CC, and put it a savings account.
Then, talk to a realtor about what you can realistically afford.
When you buy a house, the mortgage payment isn't your only bill. Utilities, maintenance, etc.
The point is, save WAY more than you think you need. With the exception of new constructions, houses have things that break.
Good luck
September 11th, 2009 at 2:29 pm
Your bank should be able to set up a service for you.
September 11th, 2009 at 3:43 pm
September 12th, 2009 at 5:17 am
Here is how Credit Cards payments work….if you dont want to pay interest you need to pay your outstanding balance in FULL (as shown on that month's statement). Just to be clear that your "current" balance may be larger than what is shown on your statement and if so then it is the balance that is shown on your statement that you need to pay if full to avoid interest.
Credit cards have a thing called a "grace period" … depending on your card it can be between 22-30 days where you dont need to pay anything back and not get charged interest. This only applies to "purchases" and not "cash advances" (cash is always charged interest immediately).
Ideally you dont want to pay small amounts each month because you then get charged the FULL interest of what your statement balance was, regardless of how much you paid…for example, if your statement says you have a balance of $2000 and you pay back $1999 1 day before it is due then the credit card company will charge you interest on the FULL $2000 despite there only being $1 balance the day it was due..the reason is because you didnt pay your full balance of $2000 so they are going to charge you for ALL of it…..greedy sonsbyatches but that is how it works.
If you were charged interest in one month because you didnt pay your full balance and then you start paying your balance in full the following month then you are likely to see "residual itnerest" charge since it is interest carried over from the previous month..so it actually takes 2-months of paying your balance in full before you stop seeing interest being charged.
Oh, and dont try to be eager to pay your balance in full so fast….remember you have a grace period…yuo could be using your money somewhere else like earning high-interest…For me, i never pay back my statement balance until the day before…but of course, i have automated withdrawals set up online for my credit card to auto take out the money from my bank on the day before it is due….this maximizes the amount of time i can use my money on other things…if i did an online payment to my credit card it is possible it could take up to 3-business days to get to my credit card which is not efficient….i use to do it that way….
Hope these tips help.
And btw, don't listen to the responder above about destroying credit cards…As long as you are responsible it is a strong benefit to have them. If you keep up your responsibility of paying back and using you build a credit history and improve your credit score which helps for other things in life like buying a house or a car….its like a report card of how responsible you are with money for the rest of the world….the more responsible the more trustworthy you become when you attempt to get credit in other things in life. It's important when you get older. I'm still young but have a killa credit score!
September 12th, 2009 at 6:35 am
You could get a merchant account with your bank, not cheap, but a good alternative.
You could try http://www.2checkout.com/community/ they are very good.
You could use http://www.mals-e.com for storing the card details and then process manually through a merchant account at your bank
Just a few alternatives.