Comments on: Credit Card Law: Can my business charge our customers right away if we can’t ship for some time? http://howto-howto.info/how-to/finance/credit-card-law-can-my-business-charge-our-customers-right-away-if-we-cant-ship-for-some-time/ How To Get Out Of Debt Sat, 04 Jun 2011 12:01:18 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ian Besi http://howto-howto.info/how-to/finance/credit-card-law-can-my-business-charge-our-customers-right-away-if-we-cant-ship-for-some-time/comment-page-1/#comment-2585 Ian Besi Sun, 29 Nov 2009 02:01:11 +0000 http://howto-howto.info/2490/credit-card-law-can-my-business-charge-our-customers-right-away-if-we-cant-ship-for-some-time/#comment-2585 Thank you for this valuable post. Being in the Credit Card industry myself, I always try to keep up with cutting edge info. Your blog is deffinately worth Bookmarking. Cheers! Thank you for this valuable post. Being in the Credit Card industry myself, I always try to keep up with cutting edge info. Your blog is deffinately worth Bookmarking. Cheers!

]]> By: wildbirdie http://howto-howto.info/how-to/finance/credit-card-law-can-my-business-charge-our-customers-right-away-if-we-cant-ship-for-some-time/comment-page-1/#comment-883 wildbirdie Tue, 21 Jul 2009 00:46:01 +0000 http://howto-howto.info/2490/credit-card-law-can-my-business-charge-our-customers-right-away-if-we-cant-ship-for-some-time/#comment-883 Yes, you can charge at the time of the order. It's legal. That doesn't mean it's a good idea. I do a lot of mail order my self and very few vendors charge prior to actual shipment. (almost none) In fact, my experience has been that if part of the order is delayed, they will bill for each part as it is shipped. If you do this, expect to have customer relations problems, since the customer may never have seen the practice before. Also, expect some charge-backs, because some of your customers may dispute the charge on their credit statement on the grounds that they have been charged for merchandise not received. (Most banks will accept this as a valid reason and take the charge off the customer's account.) Note: the "statute of limitations" has nothing to do with this situation. Yes, you can charge at the time of the order. It’s legal. That doesn’t mean it’s a good idea. I do a lot of mail order my self and very few vendors charge prior to actual shipment. (almost none) In fact, my experience has been that if part of the order is delayed, they will bill for each part as it is shipped. If you do this, expect to have customer relations problems, since the customer may never have seen the practice before. Also, expect some charge-backs, because some of your customers may dispute the charge on their credit statement on the grounds that they have been charged for merchandise not received. (Most banks will accept this as a valid reason and take the charge off the customer’s account.)

Note: the "statute of limitations" has nothing to do with this situation.

]]>