INTRODUCTION TO MERCHANT ACCOUNT AND CREDIT CARD PROCESSING

More customers are switching to credit card payments for various reasons. As a merchant, you have to make it possible for your customers to use credit cards. Telling your customers that you cannot accept their form of payment is a sure way to kill your sale. Furthermore, if yours is an internet venture, accepting

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The IRS mileage rate as of January 2009 can be used to determine how much you should be allowed to claim as a deductible expense for operating a car or vehicle for business use, for medical use or for moving purposes.

Effectively this means that the IRS mileage rate for driving a vehicle for business purposes is now calculated at 55 cents per mile driven.

Somehow, this amount drops to 24 cents/mile driven for any medical purposes.

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