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First off, you should set up a merchant account. This can be done with your local bank and will establish you, the business owner, as a verified merchant who can accept credit cards. With a merchant account, you'll also have to pay a transaction fee for every card you accept.
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How can a small business begin to accept a credit card for payment?
A small business can begin to start accepting credit cards for payment by setting up a merchant account with their bank or financial institution. The business will next need to obtain processing equipment through their financial institution.
What must a business do in order to begin reporting customer credit information to the bureaus?
A business needs to apply for membership with the credit bureau (or bureaus) with whom the business wishes to provide customer credit information. Each of the three (3) major credit bureaus provides a mechanism for a business to join and begin leveraging credit reporting services. The web pages to do so for each of the reporting agencies are included as related links for this question.
When does the statute of limitations on credit card debt begin in California?
I believe the statute starts to run from the date of last activity
Does Intuit have a free credit card reader?
You can receive a free GoPayment credit card reader from Intuit by calling 877-580-3714. I was able to begin using merchant services at no cost or obligation.
Reach Agreements With Credit Agencies?
There are three major credit agencies. They are Equifax, Experian, and TransUnion. Another one, Innovis, is also becoming part of their reign. When inquiring about your credit, make sure you are in touch with one of the main credit agencies. There are many smaller ones who get their information from the main agencies. You are entitled by the federal government to one free credit report per year. Get in contact with one of the main agencies for this free credit report, and open communication to begin to build your credit to a good credit score.
