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Tories try to deflect credit card crisis
Monday, 29 June 2009 16:25
To deflect criticism of the Tory regime at City Hall, Conservative London Assembly member Andrew Boff claimed on the BBC's Politics Show on Sunday that there had been an abuse of corporate credit cards at the GLA by the Mayor's Office under Ken Livingstone. In fact under Ken Livingstone's administration, no Directors appointed by the Mayor nor the Deputy Mayor ever had or asked for corporate credit cards. Giving a Deputy Mayor or political appointed Directors a corporate credit card was a new measure by the Boris Johnson regime.
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Keep in mind that free credit card processing for business owners may not be the best perk to ask for when applying for a merchant account. In addition to start-up fees that could be imposed and perhaps increased in lieu of the free credit card processing option, you also may have to pay expenses like a statement fee, a minimum fee, a discount fee, and a license fee. These could add up initially to more than you will pay for transaction fees. Even if the free credit card processing option appears to save you money at first, is this a limited time offer? When reinstated later, will transaction fees be difficult to add to the company budget since you did not start the process with them?
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July 27, 2009
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