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CREDIT
CARD
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ADVANTAGES
- Business generally receives
same-day or next-day credit for all major cards (like Visa, Master Card).
- Credit card can boost
sales because customers tend to buy on impulse.
- Customers enjoy the convenience
of free credit they receive.
- Reduces risks of keeping
cash. |
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DISADVANTAGES
- Risks because you are
liable if you accept a card that's stolen or counterfeit.
- Rental fees for equipment.
- Percentage fee of each
transaction known as "discount fee" (about two to five per cent, depending
on the volume you handle).
- Transaction fee, depending
on the equipment you use. |
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TIPS
Follow
all procedures and guidelines from the credit card company:
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Check the number, expiry date, name and signature.
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Circle the expiry date before you hand the sales slip to your customer.
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Verify the card is not on the stolen card list.
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If you have personal computer or electronic cash register ask your banker
about software interface, because even you have to buy software with this
option you don't have to rent an imprinter or terminal. |
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card accounts may vary, depending on the issuer, so make sure the account
meets your needs.
They
usually have an annual fee or fee per transaction, just make sure you're
not paying for features you don't use.
Credit
cards are good if you paying off your balance in full by the due date,
but if you make only a partial payment you must know that you will be charged
a higher interest rate than for a bank loan. |
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BACK
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Governmental
and Private Foundation Grant Programs
There are more than 25,000 Governmental
and Private Foundation Grant Programs available
in the U.S. Today. Why haven't you heard about these programs? Because
the U.S. Government and Private Foundations DON'T ADVERTISE these programs.
Note:
Depending on the requirements of the program, you may or may not qualify
for the programs, FIND
OUT MORE... |
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Unclaimed
Funds
You may be eligible for a unclaimed
money refund.
You may have seen special reports
on unclaimed money on Oprah®, CNN®, The Wall Street Journal Report,
CNBC®, Montel Williams®, and Dateline NBC®.
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