Loan


Merchant Services

You can also take advantage of such merchant card services as PayPal, 2CheckOut, or Google Checkout that allow you to accept unlimited payments without the need to open a merchant account with your bank or other payment processing company...


To use merchant card services on your website, you will need a payment gateway, which will send your clients’ credit card details from your website to the payment processing provider...


A merchant services account can be used to accept payments made with the following sources:

Credit Card Merchant Services

Credit card merchant services are aimed at providing ample opportunities for online businesses to accept credit and debit card payments...
You can also use such services as PayPal, or 2CheckOut that usually link with your bank account and provide the ability to process multiple card payments...


Merchant Service Account

A merchant service account represents a bank account that businesses would normally use to accept payments made by means of credit and/or debit cards...
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Payment Processing



Credit Card Processing Companies

There are many credit card processing companies; however, the leading position belongs to Payment Processing Inc , which provides payment processing platforms to US software companies and those companies based in Canada...


Some payment processing companies also provide electronic checks and other options that will ensure your flawless business operation...


Many credit card payment processing companies offer online shopping cart facilities that can be customized to your particular needs...
Many shopping carts work with different payment platforms, so there is a wide variety to choose from...
The main payment systems offered by Payment Processing Inc are PPI PayMover Gateway and PCCharge Pro designed to cut on costs and reduce the time spent on payment processing...
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Imprest System – a Loan System Controlling Fraud and Theft!

Others choose this system as it provides a good control over their small payments...
The person gets a cheque where all his payments are stated within a certain period...
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Imprest Definition – let’s Make out in the Main Idea of the Imprest Term!

This system can be irreplaceable for all the companies and departments for making non-individual payments that should be tracked...
In other words, Imprest definition main idea is the petty cash system according to which you can easily control all your payments and buy whatever you’d like that costs lower than 100 bucks as $100 is a limit that can’t be exceeded in most cases if speaking about Imprest system...

  • Imprest system is a cash fund without appropriation change to make immediate relatively small payments in cash for personal and non-personal supplies and services...
  • Imprest system is available money of a special amount dedicated for small amout payments, daily routine expenses and business small operations...
  • Imprest system is a petty cash fund that is used for the payments of the small amounts...
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    Imprest Cash Funds



    Supporting Documentation for Expense Reimbursement



    Missing or Stolen Imprest Cash Funds

    Unit must file a police report and must also report to both University Audits and to Procurement Services...


    Original receipts or suitable evidence of payment must be obtained for each cash expenditure or incidental purchase made from an Imprest cash Fund...
    Imprest Cash Funds may only be used in connection with University business and must not be loaned to or used by any individual for personal use or for cashing of personal checks, or used for subject fee payments or used to reimburse employees for travel and hosting expenses...
    Although the use of regular University purchasing options such as Purchase Orders, Non-PO Vouchers or the University Purchasing Card (P-Card) is the preferred way to pay for goods and services, Imprest Cash Funds will be approved in limited situations when maintaining a cash-on-hand balance is clearly the best payment option...
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    Bookkeeping

    It may be split into two daybooks: receipts daybook for money received in, and payments daybook for money paid out

  • General Journal daybook, for recording journals
  • Petty cash book

    A petty cash book is a record of small value purchases before they are later transferred to the ledger and final accounts, it is maintained by a petty or junior cashier...
    Other adjustments such as posting depreciation and prepayments are also done at this time...
    For example, all credit sales are recorded in the sales journal, all cash payments are recorded in the cash payments journal...
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