Responsibilities with a Merchant Account

From:- aota.net

The following are some additional rules and regulations that apply to merchant accounts:

• Credit card transactions should never be processed for another merchant.
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  Your merchant account should never be used to buy merchandise from yourself or to obtain cash from one of your own credit cards.
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  You may not charge any kind of fee, or surcharge, for purchases paid by credit card.
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  You may not establish any minimum or maximum transaction amounts for credit card purchases.
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  Any tax that is required to be collected on a sale must be included in the credit card transaction and not collected separately.
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  You must ship or deliver your product or service within 24 hours of capturing a credit card transaction. If separate shipments are required, you should charge for each portion as it is shipped.
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  Credits should not be issued to a different credit card than the one used for the original charge.
  

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credit card machines

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