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If your company has recently begun accepting credit card payments, you may wonder how long it takes to maintain revenues. There is much confusion about this city that many believe that all documents related businesses need to store up to seven years – however, it is not always the case. When you run a business, it is important that you have a solid track record of maintaining the system put in place. Ideally, you want to be able to access documents relevant to the business – including accounting reports, bank statements and receipts for credit card transactions – in minutes, so a classification system is organized essential.

The documents you need to keep long term may vary from company to company. Some items must be kept permanently: documents such as books, annual reports and general legal records fall into this category. On the other hand, receipts and other records – such as credit card receipts – can be discarded after a given period. The main reason you need to keep legible copies of credit card sales receipts for a period of time is that you can refer in case of disputes with customers or the credit card company approaches you with respect to a chargeback. Chargebacks occur when clients feel they have been accused of something by mistake – for example if your card was used fraudulently, or who have been charged twice for the item purchased only once.

In these cases, credit card companies often try to cancel the load and the amount you get. If unable to submit your original receipt transaction by credit card, you may have trouble resolving the dispute with the company credit card. For this reason, you should keep your receipts for credit card in hand for at least 18 months to two years. There is no legal requirement for you to hold your credit card receipts for a while, but it gives you a buffer so you can manage the conflicts that may arise. Once you have completed all the sensitive documents like credit card receipts, you must immediately destroy the tape. Read the rest of this entry »

In the United Kingdom and Ireland, obtaining a credit card is a similar process. You must answer questions about yourself, your age, income and overall financial capacity of a form. In both countries can apply online for credit cards and, in some cases to get a decision in minutes. Like many things in life, if you have good credit, you will receive a faster response and obtain more favorable terms.

MBNA, a major credit card issuers in the world, the cards in Ireland and the United Kingdom. Ireland, who must be a resident of the Republic of Ireland, and must be 18 years. In general, if you’re not a card application “snapshot” of credit will be 7 to 10 days for you whether you qualify.

In the UK, high-end cards MBNA credit, such as platinum Rewards Card and Platinum Card have more stringent requirements. To be accepted, must be over 23 years and employee. You also must have no recent default on credit, and you must be a resident of the United Kingdom with an income over £ 20 000.

The process of applying for credit cards in Ireland against the United Kingdom are very similar. Sure, Spain has the stamp duty of 30 € for each credit account, and if you change from one card to another in Ireland, you must obtain a letter from the issuer of the account you are not close to bear the burden for the second time in a year.

Ireland seems to be stuck with more than its share of the costs of credit card, Micheál Martin, Minister of Foreign Affairs of Ireland has recently stated its commitment to eliminate credit card charges ridiculous, but later reversed his position by saying that the laws of the EU limit what he could do about it.

Some of the extras seem to be imposed simply because large companies can get away with it. Aer Lingus charges € 6 for credit cards and handling fee of 2 € for handling fee by debit card on reservations outside the U.S. Ryanair charges up to 4 € for using a credit card, even if it is a credit card Ryanair. The only card that escapes no additional cost Ryanair is Read the rest of this entry »