After cash, credit cards are the most widely accepted means of payment in the world. No matter what business you are running, or what product you are selling. Chances are that you will require a credit card processing system. From American Express to Visa, the brand may vary, and since there is no such thing as an individual payment gateway for each individual company. Every company may have a payment system that is unique to them, but the payment gateway is what is the essential link. But before we go into the technicalities, lets get some of the basics out of the way. Especially some of the terms just used.
Any credit card transaction on the planet acts in a predefined manner, first the customer will offer his credit card details, the credit card details are then processed through a payment gateway, and finally the credit card payment is received in a merchant account. The way in which the credit card payment is accepted is different, you could be using the credit on a EPOS (electronic point of sale terminal), or you could have a successful online store that is accepting payments. The important thing to remember is that the mode in which you are accepting the payment is not as important as having a payment gateway and a good merchant account.
Okay so the next thing to discuss here is what is a payment gateway? well a payment gateway is usually a third party system that processes the credit card transaction it could be the server an EPOS dials out to, an e-commerce system, however the term payment gateway usually refers to the latter, and once the checks are done the funds are then transferred into a merchant account. The essential component is the merchant account, the merchant account is offered by companies and based on the volume of transaction and certain other criteria; the charges and upkeep is different. No merchant account is free as the company is offering you services. Merchant accounts in general are of various categories and depending on the type of business you are running, different monthly charges, and percentage charges are applicable.
Important merchant account types
a) Regular merchant accounts ? Although in business there is no such thing as a typical business, however a majority of businesses are usually treated as regular merchant accounts, they have low maintenance fees and lower rates than other merchant accounts.
b) High risk merchant accounts ? This category is usually reserved for high risk credit card processing accounts, for example accounts that handle a large volume of transaction that may or may not offer a 100% authorisation rate. An example will be an outbound call centre, that attempts hundreds of credit card transactions to verify the credibility of the credit cards. There are also additional complications like currency conversion involved. Hence the term high risk merchant account.
c) Specialized merchant accounts ? There are some businesses that require specialized credit card processing, or might require a specialized merchant account that caters to requirements such as offshore processing, etc. Such merchant accounts are usually referred to as specialized merchant accounts.
Different Types Of Stones
Jade and other stones
STONES from comparatively hard jade to the aptly named soapstone have always presented a challenge to the craftsman. Whenever they were to be found in suitable size and shape it was an invitation to the lapidary to attempt to fashion them into works of art. The comparison between a rough natural stone and the result of careful carving and polishing never ceases to surprise and delight the onlooker. The finest specimens barely indicate the skill and patience that contributed to their finished form, but a brief study will show why the Chinese and others revered jade and why Europeans attempted to rival rock crystal with glass.
Jade
The Oriental mind has woven a wealth of legend into this stone, which varies in colour from pale grey-green and light lavender to a deep green that is almost black in some lights. Geologists into two distinct types divide it: jadeite and nephrite. The latter is slightly less hard and under a microscope it will be seen that 'in cross-section the fibers have cleavage cracks intersecting, not at approximately 90?, as in jadeite, but at 120?, and there are numerous other differences . . .' However, few, if any, collectors attempt to distinguish between the two, and describe them both as jade.
The stone is alleged by the Chinese to have been forged from a rainbow in order to make thunderbolts for the God of Storms, and it is also the traditional, although surely unpalatable, food of the Taoist genii. By most of the nations of antiquity it was regarded as possessing magical and curative properties; not only was it looked on also as a symbol of virtue, but it was supposed to be of value in the cure of diseases affecting the kidney.
Ancient jade objects of various shapes were used for ceremonial purposes and many of them have been excavated in modern times. They have received much attention from scholars and are rarely to be seen outside museums. The Chinese jade that is most likely to be found by the collector is seldom older than the eighteenth century. Being a hard stone it acquires few signs of wear, and with the Chinese habit of copying the designs of earlier days it is not easy to determine the age of many specimens. Large pieces of undoubted age can be very costly, but small examples of less certain vintage may be found for no more than a few pounds apiece.
The so-called 'Mogul' jade is usually of a pale grey-green colour, carved very thinly and often with pierced decoration. Some was inlaid with gold and precious stones, which seem to acquire an added fire against the background of the limpid stone. The Mogul jades were made in India, but were esteemed sufficiently by the Chinese for the Imperial workshops to have a department where work in this manner was produced.
The natives to make axe-heads and ornaments used a green nephrite found in New Zealand. Of the latter, the 'Tiki', a ferocious-looking distorted human figure, represents the Maori Creator who 'took red clay, and kneaded it with his own blood'. These pendant talisman are flatly rendered, and usually about three inches high and one and a half inches wide. Specimens some nine inches in height are known but are very rare when so large, and collectors should beware of modern copies of them in all sizes.
Pieces of these stones nicely carved and polished can fetch a high price for collectors. The beliefs that some of these stones possess magical and curative properties made them all the more expensive. But their dates are very difficult to verify because the Chinese often copied from the past designs making it all the more difficult to identify.
Both Mike Knudtson & Mitch Johnson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mike Knudtson has sinced written about articles on various topics from Credit Card Fraud, Credit Cards and Finances. Mike Knudtson is the co-founder of the payment gateway Fastcharge.com and the founder of merchant account provider Electronic Transfer, Inc.. He has hel. Mike Knudtson's top article generates over 4400 views. to your Favourites.
Mitch Johnson has sinced written about articles on various topics from bowling, Hunting and Nokia Phones. Mitch Johnson is a regular writer for ,. Mitch Johnson's top article generates over 301000 views. to your Favourites.
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