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DEBIT
CARD
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Debit
cards transfer funds from customer's bank account to the business's bank
account. The customer gives the card and the business person enters the
amount of sale and runs the cards magnetic stripe through the terminal.
The customer verifies amount of sale by his/her PIN (Personal Identification
Number), same as is used at an banking machine. The amount come out of
the customer's account immediately and are credited to the business's account
usually at the end of the business day. The business and the customer receive
a record of the transaction.
Debit
cards are great form of payment and every business should welcome their
arrival, because they have so many advantages. |
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DEBIT CARD
ADVANTAGES
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Reduces business's cost for handling cash.
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All transactions are automatically recorded for both the customer and the
business.
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Reduces risks of robbery, shortages, counterfeit.
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Business have same-day credit.
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Customers are not limited by amount of cash they are carrying, and that
can boost sales.
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There's no risk (like with bad cheque or credit card), because funds are
guaranteed. |
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DISADVANTAGES
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Rental fees for equipment (terminal and your electronic equipment)
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Transaction fee, depending on the equipment you use. |
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TIP
Some debit
card terminals handle both debit card and credit card transactions. Ask
your banker about that. |
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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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