You must follow the rules on storing customer data to protect their financial information. Registered for an anti-money laundering scheme. The electronic invoicing software enables a merchant to invoice a client via email and allows customers to make payments online by following a secure link. If customers pay you in large amounts of cash, your business may need to be If you want to set up a business that takes a sum of money from a customer every time they use a service, for example, online trading, you may need to be authorised by the Financial Conduct Authority. Where you can’t accept a PIN, a clear signature will help but there is no guarantee against a chargeback.įor card-not-present transactions, such as online sales, the risks of chargeback will be higher. You can request payment when the customer receives the goods or services, or allow them to pay their bill at a later date. If a customer uses their PIN, you’ll only be liable for a chargeback if the goods are faulty or aren’t as described. An invoice is a way to bill your customers for their purchases. You can be charged up to 120 days after the transaction has been debited or from when the goods or services were due to be received.
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