Use the resources of your library and/or the Internet to identify 5 credit card processing providers. Contact

Question:

Use the resources of your library and/or the Internet to identify 5 credit card processing providers. Contact each and determine the following:

  1. The cost of equipment to be able to accept credit card charges.
  2. The transaction cost, if any.
  3. The amount of discount charged for:
    • Physically swiped card charges
    • Charges accepted over the telephone
    • On-line charges taken on the internet

4. How long does it take between accepting a credit card for payment and receiving the cash in your bank account? Report your findings to your class.

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Entrepreneurial Small Business

ISBN: 978-1259573798

5th edition

Authors: Jerome Katz, Richard Green

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