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View Full Version : Cash Vanishes from Merchants' Accounts


SuperiorPower
05-10-2009, 04:48 PM
Here is something to think about if you accept credit cards for payments....

Cash Vanishes from Merchant's Accounts (http://www.businessweek.com/smallbiz/content/apr2009/sb20090424_480177.htm?campaign_id=rss_daily)


Don't know if Pay Pal does this or not. Seems entrepreneurs have to be ever more careful and not trust the credit card companies.....

Steve
05-11-2009, 05:31 AM
That is very fascinating! So if you find yourself becoming more successful and making more sales through credit card orders, the processor may try to with hold more money for fear of you running up credit card sales and then going out of business. If you go out of business the processor has to make good on any refunds!

Fascinating!