credit card sales

[Kenneth W. Burton]

	Friends,

	I am somewhat behind in collecting my email messages, so I hope
this reply does not arrive so far behind these comments about credit card
financing that they are irrelevant.

	In my neck of the woods, Calgary Alberta Canada, credit cards are
on the way out. Debit cards are in! (Sometimes locally called Interac) In
my own case, instead of having monthly credit card account of several
hundred dollars, they now amount to less than one hundred. Even MacDonalds
and Dairy Queen are now equipped to handle debit cards. Some parents are
helping their teen-agers to acquire debit cards for their bank accounts
because the banks are not charging service charges for children under
eighteen.

	So I feel that gearing up for credit card charging is like
shutting the barn door--the horse is gone. However, I don't know any
possible way for an individual to prepare to accept debit cards. I'm sure
that the equipment necessary would be too expensive to warrant an
individual technician's use of it. But I could be wrong.

	Ken Burton, "Doctor Piano" Calgary Alberta

On Sat, 2 Aug 1997, Glenn wrote:

> 
> 
> 
> ----------
> > From: Larry Fisher <larryf@pacifier.com>
> >
> > 
> > Some folks want to use their credit cards to pay for the services I
> offer.
> > I can relate to their wants and desires to rack up "miles" and other
> > "bennys".  My querry is how do I get set up??  Do I want to get set up??
> > Are there any sharks out there ready to eat my lunch with every
> 
> A little more paper work but sounds like a neat idea.  Maybe new SAT's will
> come with a "pay at the SAT" slot like the gas stations ;-)
> 
> Some things to keep in mind . . . You'll have to pay 4% or more to the
> credit card company.  Some of the "bennys" you may not be aware of.  Some
> charge cards have a warranty doubling feature.  That could get complicated.
>  Some charge cards have a price protection guarantee.  I don't think they
> (cc company) would try to collect money back from you for the double
> warranty or the price protection but I would certainly ask the credit card
> company what your liability would be in a worst case scenario. 
> 
> All charge cards give the holder the right to dispute the charge and
> recover the payment up to 120 days afterwards!  I know of no tech here who
> would leave a customer unsatisfied but just think about the can of worms
> that can potentially be opened!  
> 
> To get set up just call the credit cards 800 number for customer service. 
> They'll direct you to the merchant end of it.
> 
> Glenn.
> 
>