Thursday, April 21, 2011
Wednesday, April 6, 2011
Online credit card usage
Online credit card usage - convenience at its best
Commerce and technology, combined as a package - this is what online credit cards.
With the advent of Internet knowledge and communication barriers were broken. Also, with internet, came the concept of e-shops or virtual shops that existed only on the Internet. You could shop at these stores by using their online credit card payment-acceptance. Once the online credit card payments were verified and approved, got the goods to your door. This is what we call convenience at its best.
With more and more e-shops getting setup everyday, online credit card use of ever more popular. The possibility of receiving online credit card payments has given a whole new dimension to shopping. Now, you can not only shop from the comfort of your home, you can even discounts on these products. This is really great. No need to bother about the weather, not to worry about traffic jams or any other thing. Just go to an e-shop, select a product using their online credit card payment-acceptance ability to pay and ready to receive the goods at your door.
With online credit card processing facility, has a business (online business) are just incredibly easy.
However, there is nothing without pitfalls. One of the pitfalls of online credit card use is the possibility of online credit card fraud. This online credit card fraud can happen in two ways. The first is related to the company on whose website you made online credit card payment for the purchase of property, this holding was fraudulent ie would the online credit card payment from you, but the goods to you to deliver his. Moreover, they could use the information from your credit card (received through completing online credit card payment form by you) for fraudulent purposes. The second type of fraud is committed by fraudsters who use various software / devices to the details of online credit card payments to catch (if you enter them on the online credit card payment form from a website). These programs s are popularly known as spyware and these fraudsters as online spies. The spyware works by capturing keystrokes or taking screenshots of what you do on your computer and then forwarded to the spy. However, there are anti-spyware software available that can be used to counter such spyware.
Yes, the advent of online credit card usage facility is a blessing for us. However, you should exercise caution when making online credit card payments eg do not access your online bank account or credit card payments from internet cafes to do (unless you are absolutely sure about the credentials of the internet).
Commerce and technology, combined as a package - this is what online credit cards.
With the advent of Internet knowledge and communication barriers were broken. Also, with internet, came the concept of e-shops or virtual shops that existed only on the Internet. You could shop at these stores by using their online credit card payment-acceptance. Once the online credit card payments were verified and approved, got the goods to your door. This is what we call convenience at its best.
With more and more e-shops getting setup everyday, online credit card use of ever more popular. The possibility of receiving online credit card payments has given a whole new dimension to shopping. Now, you can not only shop from the comfort of your home, you can even discounts on these products. This is really great. No need to bother about the weather, not to worry about traffic jams or any other thing. Just go to an e-shop, select a product using their online credit card payment-acceptance ability to pay and ready to receive the goods at your door.
With online credit card processing facility, has a business (online business) are just incredibly easy.
However, there is nothing without pitfalls. One of the pitfalls of online credit card use is the possibility of online credit card fraud. This online credit card fraud can happen in two ways. The first is related to the company on whose website you made online credit card payment for the purchase of property, this holding was fraudulent ie would the online credit card payment from you, but the goods to you to deliver his. Moreover, they could use the information from your credit card (received through completing online credit card payment form by you) for fraudulent purposes. The second type of fraud is committed by fraudsters who use various software / devices to the details of online credit card payments to catch (if you enter them on the online credit card payment form from a website). These programs s are popularly known as spyware and these fraudsters as online spies. The spyware works by capturing keystrokes or taking screenshots of what you do on your computer and then forwarded to the spy. However, there are anti-spyware software available that can be used to counter such spyware.
Yes, the advent of online credit card usage facility is a blessing for us. However, you should exercise caution when making online credit card payments eg do not access your online bank account or credit card payments from internet cafes to do (unless you are absolutely sure about the credentials of the internet).
Is business credit card helpful?
Is business credit card helpful?
which comes almost immediately s. This is true at least for most businesses (especially SMEs). Before we delve deeper into how business credit cards are helpful, we do try to understand what a business credit card.
Simply put, a business credit card , which is owned by a company and not an individual. To understand this better, you can simply draw an analogy between the business credit cards and bank accounts in the name of the company as well. Other than that, business credit cards work in pretty much the same way as personal credit cards, with few exceptions. These exceptions are in the form of flexibility in credit limit, low APR and some other benefits that are only for business customers credit cards.
Even from just that, business credit cards seem a good proposition. However, business credit cards would be attractive even without those benefits because the main benefit lies elsewhere. The big-big benefit from a business credit card is realised in terms of business expense accounting. For most small businesses, business expense accounting is a big overhead. With business credit cards, this is handled very easily – you just have to ensure that you make all your business expenses on your business credit card and let the personal expenses be on the personal credit card i.e. segregation of business and personal expenses is all you need to do. So the bill for your business credit card will have all the business expenses on it and you wouldn’t need to collate all the various bills or sort out the items from your personal credit card bill. The key here is to make sure that you use your business credit card for all your business expenses (or as much as you can). Moreover, a lot of business credit card suppliers realise this need of small business and even organise the business credit card bills in a way that meets the accounting requirements of these businesses. So mostly, they will appropriately group the expenses on the business credit card bill so as to facilitate business expense accounting. In fact, some of the business credit card suppliers go to an extent of providing the bills in a format that can be downloaded and exported to an accounting system i.e. you don’t need to enter the data manually in your accounting system. In case the format is not suitable for your accounting system, you can hire a software professional to write a small quick program to convert it into a suitable format.
Thus, only one reason - facilitate business expense accounting , is enough to help small business credit cards.
which comes almost immediately s. This is true at least for most businesses (especially SMEs). Before we delve deeper into how business credit cards are helpful, we do try to understand what a business credit card.Simply put, a business credit card , which is owned by a company and not an individual. To understand this better, you can simply draw an analogy between the business credit cards and bank accounts in the name of the company as well. Other than that, business credit cards work in pretty much the same way as personal credit cards, with few exceptions. These exceptions are in the form of flexibility in credit limit, low APR and some other benefits that are only for business customers credit cards.
Even from just that, business credit cards seem a good proposition. However, business credit cards would be attractive even without those benefits because the main benefit lies elsewhere. The big-big benefit from a business credit card is realised in terms of business expense accounting. For most small businesses, business expense accounting is a big overhead. With business credit cards, this is handled very easily – you just have to ensure that you make all your business expenses on your business credit card and let the personal expenses be on the personal credit card i.e. segregation of business and personal expenses is all you need to do. So the bill for your business credit card will have all the business expenses on it and you wouldn’t need to collate all the various bills or sort out the items from your personal credit card bill. The key here is to make sure that you use your business credit card for all your business expenses (or as much as you can). Moreover, a lot of business credit card suppliers realise this need of small business and even organise the business credit card bills in a way that meets the accounting requirements of these businesses. So mostly, they will appropriately group the expenses on the business credit card bill so as to facilitate business expense accounting. In fact, some of the business credit card suppliers go to an extent of providing the bills in a format that can be downloaded and exported to an accounting system i.e. you don’t need to enter the data manually in your accounting system. In case the format is not suitable for your accounting system, you can hire a software professional to write a small quick program to convert it into a suitable format.
Thus, only one reason - facilitate business expense accounting , is enough to help small business credit cards.
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