What is Loan Management?
Loan management software (LMS) is all about keeping things running smoothly after the loan agreement has been made with the private lender, bank, o...
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What is a Loan Origination System?
Loan origination is at the core of any lending business. As we move further into the digital age, customers expect better service and faster outcom...
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Payment Processing for Schools: How Does it Work?
With the rising cost of living, Aussie parents across the country are cutting back on their spending and tightening their budgets. However, despite...
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How do direct debits work?
How do direct debits work? When you’re running a business, it can be hard getting your customers to pay on time. Especially in these tough economic...
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How to Manage Direct Debits
It’s no secret that when you run a business, there’s a lot to do! As well as trying to stay innovative and keep ahead of the competition, there’s a...
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Why is a Sports Payments System Important?
Everyone knows that Aussies love their sport. In fact, almost 80% of Australians believe that sport is a significant part of Australian culture. Bu...
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Why Organisations Need a Charity Direct Debit System
There’s no denying that the COVID-19 pandemic hit Australians hard. And unfortunately, Australian charities weren’t spared either. In 2020, nearly ...
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How do Daycare Payments Work?
Australia is considered one of the most expensive counties in the world when it comes to childcare costs. In fact, Australia is one of four countie...
Read moreLoan management software FAQs
Why is sports membership payment software important?
Sports clubs have a range of fees and costs that need effective management. From day-to-day payments to competitions to club fees and membership, there are a lot of payment structures that need to be accounted for. A sports club payment system is built to meet these unique needs and make payment processing and collection simple.
Read more: Why is a Sports Payments System Important?
What fees can be charged on a credit card account?
Credit card issuers may charge various fees associated with credit card accounts. These fees can vary among different card issuers and may include the following:
Annual fees
Interest charges
Penalty fees, such as late payment fees and overlimit fees
Transaction fees, including foreign transaction fees and cash advance fees
Miscellaneous fees, such as balance fees and returned payments fees balance
However, fees can vary based on the card issuer, the type of credit card, and the terms of the card agreement. So it’s important to check with your card issuer to confirm what fees you may be charged.
Can I pay as credit with a debit card?
Yes, in many cases, you can use a debit card to make payments as if it were a credit card. Debit cards typically have a Visa or Mastercard logo, allowing them to be processed as credit cards in situations where credit card payments are accepted.
Whether using credit cards, debit cards, or direct debit, Biz Core makes payment processing for schools and their families easy. Contact us today for more information and a free live demo.
What is a processing fee?
A processing fee is a charge imposed by a financial institution, payment service provider, or merchant services provider for processing a transaction or providing payment-related services. This fee is applied to cover the costs associated with facilitating the transaction and maintaining the infrastructure required for payment processing. The processing fee amount can vary based on several factors, including the type of transaction, payment method, provider policies, and the nature of the service offered.
Who initiates a direct debit payment?
A business will initiate a direct debit payment. However, this will only occur once the business has obtained a signed direct debit authority form from the customer.
Biz Core makes setting up a direct debit easy for both your business and your customer. Contact us today for more information and a free live demo!