Shopping for the best merchant account rate is like shopping for anything else: you want the best value at the lowest price. Don't make the mistake of assuming that you'll get the same rate at every ... |
Banks are hesitant to give merchant credit card accounts to certain businesses that they deem to be particularly high credit card risks. High-risk businesses are usually those that have a history of ... |
Fear of credit-card fraud has not only made merchant accounts more difficult to get, it has also changed the equipment merchants use to record transactions. In the "old" days, the merchant would ... |
If you get too many chargebacks you can lose your merchant credit card account. But since you can get a chargeback through no fault of your own, you're ... |
The surest way to lose your merchant account forever is to get caught doing something that violates credit card company policy. Here's a look at two areas in particular that you should avoid at all ... |
Collecting overdue accounts is, for many small business owners, the most unpleasant task of all. The task is unpleasant for two main reasons: because keeping track of which accounts are overdue can ... |
In accounting-speak, a debt someone owes you for goods or services you provided to them is an account receivable. Accounts receivable are part of your assets. They represent the amount of money owed ... |
At this point in the process, you've set up your system for keeping track of your accounts and you know pretty much when you're going to begin making efforts to collect past due accounts. The next ... |
Lawyers and debt collectors usually get paid by taking a percentage of what they collect. The amount is usually 33 percent, although it can range from as low as 15 percent to as high as 50 percent. |
If you're going to spend any of your own time collecting past-due accounts, you should make the time count. As anyone who has ever collected debts will tell you, debt collecting can involve a ... |
