Monday, October 26, 2009

About Small Business Info: Credit Cards and Your Business

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  from Darrell Zahorsky
Since the invention of credit cards over 100 years ago, the simple card that is everywhere plays an important role in business. Consumers expect to pay by credit cards, making them essential for many businesses. They are a cost of doing business but given the high fees they can become a high cost. This week we look to help you manage your credit cards.

 
In the Spotlight
Effective Small Business Credit Card Management
With the growing popularity of small business credit cards and ever changing interest rates, now is the time to learn the 6 steps to effective small business credit card management

 
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Manage the Risk of Business Card Card Fraud
The explosion in credit card fraud is costing businesses more than consumers. Reason being is consumers enjoy plenty of built-in protections and legal remedies against of credit card fraud. Charges made on stolen credit cards held by individuals are routinely dismissed by credit card companies and consumer credit accounts can be shut down within minutes of a card holder having discovered a lost or stolen card. Unfortunately, someone has to pay -- and in this case, it's the merchants. Learn how to reduce your risk.

 
Be Careful When Using Credit Cards to Fund a New Business
For many new entrepreneurs, funding a business means borrowing money. It may be only a small amount, or it may require hundreds of thousands of dollars. An increasing tend, especially with smaller home-based businesses is the use of credit cards to fund a startup. While with proper use they can be a great tool, there are many things to watch out for.

 
 
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