[ic] Credit Card Processing (Was: "newbie" documentation)

[Jim Balcom]

On Mon, 26 Nov 2001, Gary Henderson wrote:

GH>>Well first off I do not have a terminal.  I am strictly a computer
GH>>consulting business with no physical store front.  I am looking for
GH>>something I can do 100% online with little to no out of pocket expenses.

If you are going to accept credit cards for your services, you are going to
have to have a terminal, of some sort. Unless you are 'piggy-backing' on
someone elses merchant account and they are doing the data entering for you.

This is either a terminal that you can swipe cards through, or it is
software that runs on your PC, or the required 'hooks' to use a gateway.

This last spring I paid $500 for CyberCash, software that runs on my PC.
Last fall I paid $375 for a terminal that prints. I'm told that I got a good
deal.

My buddy got set up to take charge cards through some on-=line company and
the customers saw that on-line company name on their statements, instead of
his. That company went out of business, and he had to go about finding a
replacement.

The credit card industry is lucrative, and it's not just the card holders
that have to foot the bill.

Perhaps there is a way that you can get set up to accept credit cards
without paying out money. If there is I am not familiar with it. If there
is, watch out for the "I Gotcha's"


-= Jim =-

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Tagline for Monday, November 26, 2001 at 20:15 PM:
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