Telecheck is a great service for the right business, if you are processing a large amount of credit card volume, checks will also be a part of that mix, being a business owner you owe it to your customers to pay you in many different options. When a customer buys your product or service you want them to hand over a Visa, MasterCard, American Express, Discover, Debit card or paper check. You are in business to make money, and try to never turn away any type of transaction.

The key is to have your customers purchasing experience a positive one that will keep them coming back for more.

Here’s how Telecheck works. The check is entered face up. The dollar amount is keyed in. The terminal dials out to the largest and most accurate check writing data base for an authorization approval number much like a credit card approval number.

The check is placed in faced down and a receipt is generated on the back,a paper receipt is also printed which is signed by the customers. The check is handed back to the customer completely voided out on the front so it can’t be mistakenly re-used which now acts as their receipt for the purchase.

When your business day ends all the check volume dollar amount, all the credit cards and debit transactions are then settled to your bank. Visa, MasterCard, Amex, Discover and debit post 24 to 48 hours not counting weekends, depending on your financial institution. The Telecheck transactions always post to banks in 48 hours.

The machine that processes telecheck transactions is called the Eclipse, It offers a variety of cool functionality like gift cards, loyalty cards, EBT, pin debit just to name a few. These functions greatly depend on your credit card processors ability to offer these other value added products. This machine should truly limit the number of credit terminals you need to carry at the point of sale.

I’ve seen busy convenience stores with gas stations using five or six credit card terminal which is insane, it just ties up valuable counter space. When using the Eclipse I can see using maybe one more terminal at the most. EBT in a lot of states is almost always on a free state provided terminal.

Some of the draw backs I’ve seen with my experience dealing with the Eclipse that it uses a great deal of ink, and paper which can be pricey, but again its just the cost of doing business.

If this machine is eliminating bad checks, It’s well worth the extra expense. A very important tip about the Eclipse be careful where you buy. These machine are very sensitive, and can malfunction very easily try to always buy new. It will save you a great deal of money in the long run.

Most used Eclipses are like in some cases buying a used car unless the previous owner states it was sparingly used, then you should probably be OK, and make sure there’s a very strong return policy or at least a one year or two year warranty.

Everyone has a fascination about the REV Letters on the bottom of the terminal, and rightfully so its very very important to know what REV version your machine is, especially if you are buying new or used. The most recent version is H which was released in mid 2005, REV G min 2004; The majority of the terminals you will find on the market are REV F which will be from 2001 to 2004, REV E 2000, REV D3 2000.

Now most importantly REV’S A-B-C-D are old almost pre-prehistoric run as far as you can from these versions, they will not load the latest program from Telecheck, at this point depending on what you’ve paid you may be out a considerable amount of money or spending time fighting tooth and nail for a refund.

If you buy used always ask the question about the REV letter. The seller will be very impressed with your knowledge of the equipment, and will be kept on there toes while dealing with you,and rightfully so be more inclined to offer you a recent REV version.

Time is money getting the wrong terminal will absolutely delay accepting credit cards and checks at your business, which in most cases for small retailers that I’ve worked with, its there life blood. Externally these older terminals look the same, but may have considerable internal differences like gears and motors which may vary,and the warranty repair will cover only the newer versions.

The Eclipse has a lot of mechanisms that can go bump in the night, make sure you have a good warranty, or working with a good merchant processor that is national, like the big banks that offer credit card processing, but be careful with the banks they are usually more expensive on every aspect of merchant processing, and you can get swept away in the big banks bureaucracy. On many occasions I’ve seen the independent smaller processors give that one on one attention, and replace defective equipment in a 24 hour turn around.

I hope you find this information helpful. I’ve been selling the Eclipse for over 10 years, and have placed hundreds in the market place. I will be posting more information regarding the Eclipse and Telecheck as I place machines out in the field. I get a great deal of feed back from my customer’s. I wish you the very best of look.

If you feel your merchant fees, and rates are to high,and are considering changing your merchant processing company.I would be happy to analyze a current statement,and will show you ways to reduce processing cost and improve cash flow.

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There are just a small amount of major credit card companies and they are Visa, MasterCard, Discovery and American Express. There are large amounts of lending institutions that will issue credit cards and almost all of these companies offer the consumer the secured credit card. The major lending institutions are normally banks that are major banks with a large amount of depositors. That is why it is important that these banks make sure that when they issue credit that they will not only get all their money back but make a profit from the loan.

The bank lending institutions know that it is loans that help them to grow and prosper. It is important that they make a loan to someone who will make a great effort to pay back because soon the bank would go broke. The economy has changed the ability for most banks to make loans. That is why the secured credit card has become the number one credit card today.

The card provides a guarantee not only to banks but to other lending institutions like credit unions and private concerns. A consumer must make a deposit into the savings account of whatever lending institution they are getting their loan from to secure the loan. This is a loan so it does mean that you must pay them back with interest and perhaps a membership fee. You need to check and make sure that you are not paying back the bulk of your loan in order to be able to have some of the loan to spend. A great thing about this type of loan is the fact you can build your credit score so that someday you will be able to get an unsecured loan.

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The Discover® Platinum Card, issued by Discover, is designed for those with very good credit who are looking for a cash reward credit card.

Through the reward program, cardholders earn a 5% rebate for purchases made in popular categories that change four times a year like gas stations, restaurants, clothing stores, travel, and more. Cardholders also earn up to 1% for general purchases and .25% for purchases made at select warehouse clubs and discount stores.

Discover Platinum Card offers its members complete peace of mind. With a zero fraud liability guarantee and advanced fraud early warning alerts, card members can rest assured that their accounts and personal information is safe. Discover Platinum Card even offers fraud specialists dedicated to helping you 24 hours a day.

Cardholders never need to be afraid to make purchases online, because Discover Platinum cards offer secure online account numbers to all of its members. The customer service team at Discover Platinum Card is available all day everyday to help you with any questions that you have about your card or your account. You can even manage your account online. With its friendly customer service team, fabulous rewards and outstanding fraud protection, Discover Platinum Card is a sensible choice for all your credit needs.

Key Features :

* Interest as low as 10.99%

* 0% Intro APR* for Purchases and Balance Transfers for 12 months

* 5% Cash back Bonus® in popular categories that change four times a year like gas stations, restaurants, clothing stores, travel and more*

* Up to 1% Cash back Bonus on all other purchases automatically*

* Unlimited cash rewards that never expire

* $0 Fraud Liability Guarantee

* Easiest online Account management options

* No Annual Fee

* DOUBLE your Cash back Bonus (turn $20 into $40) when you redeem for gift cards or certificates from many of our 70 brand name partners.

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When owning a business, it’s important that you try to save in every area possible. Since most business owners find themselves charging a lot to their card, it’s no wonder why many owners want a card that has a lower interest rate. Well, today I’m going to tell you what the benefits are of having a low interest business credit card and what you can find one.

Low interest rates – As the card title says, you’re going to see lower interest rates. What does this mean for you and your business? You’re going to have a lower rate on those unpaid balances. Even 1% can save you thousands a year if you have a higher balance. I would recommend to all business owners that you look for a card out there all the time that has a lower rate because it never hurts to save money 24/7.

Great perks – A low rate card always has great perks. With a card like this, you’ll see balance transfer offers, great reward systems and many more. The reason why you’ll see a lot of perks is because generally with a lower rate, you need better credit and banks love to reward those with higher credit score.

As a business owner, I’m always on the hunt to save money and with so many credit cards out there, try and hop online once in a while to find out what will best suit your business. Compare cards and find the rate that best works for you.

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Without a doubt the American Express Gold Credit Card is considered one of the best account programs out there. Amex is accepted almost universally, and the Gold card is no exception. This account differs from most, in that you must pay your full balance at the end of every billing cycle. This of course means that you will not be paying any interest. The American Express Business Gold Card can be a great asset for a lot of people so if you are currently looking for a business credit card, then perhaps you should look no further.

Firstly, they offer an excellent rewards program. New members will earn 50,000 bonus points by spending 10,000 during the first four months of being a card member. It is possible to redeem the points for two domestic coach plane tickets and take a trip to nearly anywhere in the continental U.S. You can also use them for a $500 gift card. This reward offering will not last for ever so there is no time like the present to apply. For those high rollers that spend more than $50,000 a year on their credit card you get an additional 25,000 points added on to your account. New account holders have a chance to earn 75,000 bonus points. There are no “blackout dates” when trying to book airline reservations for Amex Gold Card users. American Express keeps the rewards train rolling by allotting you another point for every dollar you spend as well. This is great for business owners or professionals who travel or make business related expenses on their card. I know from experience that it is easy to charge $100,000 in a year on your card if you running a business. The Gold Card is annual fee free for the first year. However, each subsequent year is going to be $125. As long as you are making your payment on time each month you can reap the bull benefit of their travel rewards. You can easily offset the $125 payment with a set of airline tickets any day. The card also comes with protection against fraudulent purchases as well as a series of insurance products that will protect your while you are on the go. If you loose your luggage while taking that South Beach vacation next year, you will be covered if you book your flight using your American Express card. They also offer rental car insurance as well as roadside assistance. Yes thats correct, they will help you out if you get stranded. Need jumper cables to start you car and they will send someone to you as well. Amex will provide some help for you when your warranty may no longer apply.

The other thing that I like about this card is that you can easily integrate your Quickbooks accounting software into their on line system and download what you have spent. Once you categorize your expenses, Quickbooks will remember and keep track of this for you. This makes going on line and updating your account rather easy. They also make your on line account accessible from your PDA device. That means that you can use your Android ® or i Phone ® to access your account. The Amex site will adjust to the size of your screen, meaning that you will be able to see complete information and not just bits and pieces.

There a numerous of reasons why this card is enjoyed by so many. They have rewards, especially if you spend a lot money on the card every year. People who expense back to their company will get a lot of benefits from using this card. Also, like every card, pay your bill on time. You run the risk of loosing your rewards or being penalized. These days, American Express has options for you to pay certain expenses at later date and pay interest on that as well. Although, as a former American Express business credit card holder, I can definitely say that membership has its privileges.

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