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Letters to the Editor
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Dear
Paul: I’m
hoping you might be able to help me with some information. First off, your
publication is a wonderful tool that helps us run a better business. Keep
up the great work! My
name is Bill Harovas and I’ve been in the payment processing business
for six years. 95% of what we do today is for Internet merchants. I
currently get about 30% of my leads coming from International merchants
(primarily from Canada). Do you know of any international banks that have
an ISO program to accommodate International merchants? Currently
we require a U.S. checking account and address to do business with these
merchants. We are looking to process in multiple currencies and deposit
into the merchant’s home bank. Also we would need to establish merchant
ID numbers using their foreign social security number. What type of
suggestions do you have? We need some solution quickly. Any direction you
could give to me on this matter would be greatly appreciated. Warmest
regards and Happy New Year! Bill Harovas, NetCommerce Group, Inc. Bill: In
order to process Visa or MasterCard transactions internationally, the sale
must originate and settle within the same region (there are seven
regions). For example, a transaction that takes place in Canada can not be
settled by a U.S. bank because of the regional segmentation of the card
associations. There
are ISO programs available abroad, but to be an ISO of an international
bank the ISO must solicit merchants within that given region. It
is my understanding that rules and regulations are under consideration
that would perhaps change the view on this matter, but I am afraid I
don’t have any additional information. I
suggest you contact Vaden Landers, Bancard Consulting Group at (800)
801-9552 or bancardconsulting@compuserve.com for further information. Good Selling! Paul Green
Hello: I
was wondering if you could answer a question for me: Where
do you find out what Visa/MC interchange rates are? Are they published and
if so, where? Thank
you for your help. Sincerely, Alyson Alyson: The
April 1999 Visa Interchange rates were published by The Green Sheet, Inc.
in issue 990201. Go to http:// www.greensheet.com and click on “Prior
Issues”. The issues are listed by issue number. Click on the article
“Visa Price Increases 1999”. Good Selling! Julie O’Ryan-Dempsey
Dear
Green Sheet: Hope
everything’s going well for you. The January 10 issue is fantastic!
I’m sure you’re not surprised to hear that Hypercom is extremely
pleased with the quality of coverage. Again,
thanks so much for your professionalism. Kindest regards, Jack Bunting
Greetings: How
do I locate a bank providing merchant banking services? Specifically, a
credit card acquiring bank and one that issues ISO agreements. Your
assistance and direction are greatly appreciated. Regards, Rich Gurnett Rich: Please
visit The Green Sheet Online and click on Resource Guide. The
Resource Guide listing “Banks Looking for ISOs/MSPs” has several banks
for you to contact. Additionally, there are numerous ISOs listed who are
also looking for agents. Good Selling! Julie O’Ryan-Dempsey Dear
Julie: Per
our conversation, following is an example of the free e-zine/newsletter we
send to people who have subscribed at our Web site. You may remember that
I own an independent agency for CSI and not only specialize in the
Internet, but publish a free newsletter which can be subscribed to online
at www.expandyourbusiness.com. I
am a subscriber to The Green Sheet
and I have noticed that many articles which appear in The
Green Sheet could be great contributions to this resource. I would
like permission to enclose some of these articles from time to time to
share with our subscribers. Of
course, I will always credit the author and include contact information
for both the author and The Green
Sheet, including your phone number and Web site address. In theory,
this should drive traffic to your Web site and increase your subscribers
also. In
addition, I will always send you a copy of The
ECommerce Update for your review. If the free newsletter or the
credits to the author and/or The
Green Sheet is ever not appropriate in any way, just call or e-mail to
let me know. Thank you! Jack Kimball Dear
Jack: We
would be very pleased to have you republish information from The
Green Sheet.
We ask only that you attribute the information quoted to The Green Sheet,
Inc., with our Web address “www.greensheet.com” and the statement
“Reprinted with permission from The Green Sheet. Copyright 1999 all
rights reserved. (800) 757-4441”. This
approval will apply to any story published by us, so long as no more than
two articles are reprinted per month. I
appreciate being added to your distribution for the e-zine. We are glad
that you find our information valuable. Good
Selling!
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