The most common forms of rate structures for credit card rates are:
2-Tiered: Qualified and Non-Qualified
3-Tiered: Qualified, Mid-qualified, or Non-qualified
Each and every transaction you accept is classified into one of the above and is the basis for the credit card rate you see on your statement.
As a general rule, qualified transactions are going to be “standard” cards; without any consumer or corporate rewards associated with them. Accepted in the “standard” method expressed in your merchant processing agreement, this is where Card-Not-Present (CNP) setup comes into play.
Mid and Non-Qualified transactions include:
Rewards cards, keyed-in payments (for swipe accounts), AVS (Address Verification Service) does not match or is not performed, not all required fields are entered, or the payment was entered in a late batch. Ex. the payment was sent to the processor 48 hours or more past the time of the authorization.
In-app purchases are important in getting customers engaged with mobile wallets, now, NTC has made it easier to implement Apple Pay into mobile apps with the launch of Converge In-App Payments. You are able to provide your customer with Commerce SDK, a software development kit, to integrate Apple Pay with our powerful omni-commerce platform, Converge. By reducing development effort, customers can save time and resources. Their mobile app gets to market faster, and they can capitalize on the growing market.
More mobile wallets will be available in the future.
To know more about this platform give us a call at 888-996-2273
Here are some tips for protecting gifts cards to accessing them via phone and replacing gift cards that don’t work:
Remedy for gift cards that don’t work.
You need the activation receipt, they just don’t activate them correctly. With that slip of paper, a gift card giver can at least prove the card was activated and they can take it back.
Returning a malfunctioning gift card? Deal with the company that issued it, that means if it’s a store gift card, take it back to the store, and if it’s a bank-branded gift card, call the toll-free number on the back of the card.
Shield some gift cards from theft and loss.
In the past, if lost or stolen, they were gone permanently. These days, with bank-branded cards, you can register the cards with the issuer to get protection from loss or theft. The funds will be replaced if it’s lost or stolen.
It works for some retail gift cards, too. To register a gift card, call the toll-free number or visit the website listed on the back of the card. You’ll supply the card number, and likely the PIN and expiration date of the card, along with your name and address.
Storing gift cards on a phone is becoming more common.
More and more gift cards are being redeemed through mobile technology. Some apps allow shoppers to take a picture of the front of the card and store it, along with the recorded balance.
Stretch more out of gift cards.
When is a $50 gift card worth more than $50? When you use it online to score a discount or free shipping.
If you’re making a purchase with a gift card, shop both the brick-and-mortar location and the store’s website to see if one of them will offer a discount, free delivery or free shipping. Most retailers have moved to this digital-and-physical environment.
Want to boost the value of that gift card you just received? Snag a coupon to go with it. With a few minutes of searching, you could increase your gift-buying power by 10 or 20 percent.
There are two kinds of gift cards and (generally) two menus of fees.
With cards that carry a credit card brand name, you often pay a purchase fee. In return, you can use them any place that accepts that card brand.
Buy a gift card at or for a particular retailer, and you pay only the face value of the card. But you can only use it at that specified retailer, and sometimes at affiliated businesses.
Majority of retailer gift cards don’t have expiration dates, activation fees or dormancy fees.
Under the federal Credit CARD Act of 2009, gift cards have to be good for at least five years from the purchase date, but the best advice is to spend them as soon as possible.
Treat them gently.
Plastic gift cards still use magnetic stripes, like pre-chip credit cards. Those stripes can occasionally get demagnetized.
Some gift cards include a scratch-off panel. If you use something too sharp you can accidently remove the numbers underneath, then it’s no good to you.
Some gift cards are made of paper or thin cardboard, another reason to put them in a separate envelope.
According to research from the National Retail Federation, gift cards are the No. 1 requested present 9 years in a row.
When I awake I shall be satisfied, beholding your likeness. (Psalm 17:15)
I BEHOLD THE CHRIST IN YOU
From time to time, we may find ourselves judging another person for their actions or choices. Yet condemnation does not help others change. The best way to help another person is to behold their divinity, the Christ in them. Let go of judgment and see the Truth in yourself and others. The Christ is in all of us. Behold our sacredness with love and acceptance. Rest knowing we are One.
Forgive us our sins, for we ourselves forgive everyone indebted to us. (Luke 11:4)
If an area in your life appears difficult or lacking, ask yourself, Is there something you need to forgive? Unforgiveness is an obstacle to the free flow of good from within.
If you feel a debt is owed to you, ask yourself. Are you willing to let it go? Good flows through a multitude of channels. No individual person owes you goodness because goodness comes from the Infinite Source.
Begin to heal by tuning in to the sacred part. Gently release the pain and allow yourself to be healed by Divine Love. God’s good flows freely in through our life.
Every year Americans take more than 59 million trips abroad. Yet many of us don’t know which questions to ask regarding the use of credit cards. Before you hit the road, let your card issuer know where and when you’ll be traveling, so it doesn’t mistake those overseas charges with fraudulent activity. Start asking some questions below:
Does my card charge a foreign transaction fee? Because these fees can run as high as 3% and can be quite costly.
Does my card have an EMV chip? A smart chip widely used in Europe and other places. Contact your credit card provider and see if they can provide you at no cost a chip-and-PIN card if you don’t already have one. Most of the card companies are moving this way, but typically you have to request it.
Does my card offer any travel perks? You may want to inquire about additional coverage your card may provide you when you’re abroad such as insurance for accidents, lost luggage or auto collision.
How can I get cash overseas? Reach out to the bank or credit card provider and find out what relationships they have in the local market you’re traveling to. This will be helpful for avoiding ATM fees. Additionally, if you need to access cash from your credit card, they’ll be very helpful if you do it through a banking institution that has a relationship with your provider.
Will my card be accepted at my destination? Thirty to sixty days before traveling contact your bank or credit card provider and ask some important questions. Find out if their card is going to be accepted or if there will be any restrictions for it to be used abroad.
The best thing to do is to have a plan before you travel. Know how to minimize your fees and protect your credit cards. Then you can enjoy your adventure.
The God of all grace, who has called you to his eternal glory in Christ, will himself restore, support strengthen and establish you. ( 1 Peter 5:10)
We may feel saddened or bewildered by a turn of events. Even when our spirits are low, we need only look to the Christ within us to feel strengthened, comforted and renewed in faith and courage. Within our souls, we find enduring comfort and hope in God’s infinite good. We feel a resurgence of faith and courage, as we are filled with love for life and the will to go on. Through the power of our inner Christ Spirit, we have the strength to meet any challenge. There is no pain in the world that the indwelling Spirit cannot reach and heal.
There was a bit of confusion at a supermarket. When this senior was ready to pay for his groceries, the cashier said, Strip Down facing me.
Making a mental note to complain about excessive security running amok, the senior did just as the lady cashier had instructed.
When the hysterical shrieking and alarms finally subsided, he found out that the lady cashier was referring to his credit card, to turn around the card, strip down and swipe it.
The senior have been asked to shop elsewhere in the future.
