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- Is the Gulf Coast Rentals Credit Card
Acceptance program competitive?
Through GCR, you are able to leverage the buying power of
thousands of vacation property rental companies to secure
competitive rates and fees that are not usually available
to individual companies.
The Gulf Coast Rentals Credit Card Acceptance program is
provided in partnership with Network 1, a premier supplier
of credit card acceptance services and a registered affiliate
of Harris Trust and Savings Bank, and Paradata Systems,
an industry-leading provider of Internet payment solutions.
- What fees are involved in credit card
processing?
There are three payment plans to choose from. Select the
plan that is best suited to your property and expected annual
volume. Furthermore, you can change plans at any time when
your credit card business grows past your original expectations.
Link to payment plans.
- Can I change my pricing plan?
Yes, you can change your program at any time by sending
an email with your company name and merchant number, along
with the plan you would like to: sales@paradata.com
- What is a Merchant Account?
A Merchant Account allows you to accept credit cards for
payment from your customers and establishes your business
as a Credit Card Acceptor with the Card Associations (Visa
and MasterCard).
- When are the funds credited to my bank
account?
Funds will be directly deposited into your bank account
within 2-3 business days.
- Is the full amount of the transaction
deposited to my bank account?
Yes, the full amount will be credited. Any fees are automatically
debited at the end of each month.
- Do I need to open another bank account?
No. The funds can be deposited to any existing US checking
account.
- Can I accept American Express and Discover?
Yes. The Network 1 Merchant Services application will allow
you to apply for American Express and Discover. Let your
sales representative know that you would like to apply for
American Express and Discover. American Express and Discover
set their own rates and fees and are not reflected in the
program pricing plans - please allow 2 weeks for approval.
- Can I add the Visa and MasterCard logos
to my web site to let my customers know that I accept credit
cards for payment?
Yes, you can download the Visa and MasterCard logos at the
following links:
Visa Logo: usa.visa.com/business/accepting_visa/marketing_center/logo_usage.html
MasterCard Logo: www.mastercardbrandcenter.com/mcbrand/index.jsp.
If you do not have your own website, contact your advertiser
about having the Visa and MasterCard logos added to your
listing.
- Why do I need to provide personal information
on the merchant account application?
A merchant account is a type of credit facility as the Acquiring
Bank deposits funds to your bank account before they have
collected funds from the Issuing Bank/Cardholder. The Acquiring
Bank is required to perform its due diligence to ensure
that its merchants are credible businesses.
- Can I sign up even if my business is
not incorporated?
Yes, if you have a US social security number, US checking
account, and a US mailing address you can sign up for the
program.
- How long does it take to sign up?
After you complete the Application,
the process should take 4- 5 business days.
- What is a Chargeback?
A chargeback is the reversal of a disputed sale transaction.
When a chargeback occurs the amount of the chargeback is
debited from your bank account. See the Visa Card Acceptance
Processing Guide - How to Reduce Chargebacks at: http://www.visa.ca/en/merchant/pdfs/card_acceptance.pdf
- Can I apply if I do not live in the
United States?
In order to apply for a Network 1 merchant account you must
have a US social security number, US bank account, and a
US mailing address.
- Where do I call if I have having trouble
using the Virtual Terminal?
Toll free technical support is available 24.7.365 at 1.877.600.1717.
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