No, I don't... But I believe the protections on business credit cards for fraudulent transactions are the same as consumer cards. But I'm not certain of that. It's something to ask your CC company. Usually, though, if you reconcile your accounts and you catch fraudulent transactions in a reasonable time frame (usually within 30 days of the end of the period), you have a lot of protections in place. Not reconcilling accounts is bad, and I've seen the effects of it time and time again.
On Wed, Aug 17, 2011 at 10:52 PM, Jon Harris <[email protected]> wrote: > So you use your personal credit card for business purchases? That is what > I am doing at the moment. Until I get more paying customers that are long > term I really don't want to want to go down the road of getting business > accounts setup. Even then I am thinking of using prepaid cards for > purchases. > > Jon > > On Wed, Aug 17, 2011 at 10:42 PM, Jonathan Link <[email protected] > > wrote: > >> IIRC, the protetctions for business use of credit cards are the same as >> consumer protection. I could be wrong, though. You're subject to a maximum >> of $50 for fraudulent transactions, and generally that's waived. That being >> said, as in all things, you have to be doing some basic bookkeeping. >> Reconcile your accounts, ensure that every charge is appropriate, etc. It's >> amazing to me how many people don't do this. I work for an accounting firm. >> I'm sure Ed can tell similar stories. >> >> Your name and address are essentially public information, not personal >> information. >> >> On Wed, Aug 17, 2011 at 9:54 PM, Jon Harris <[email protected]>wrote: >> >>> I seem to remember a while back a discussion on online purchasing and use >>> of prepaid cards for that purpose. Are any of you doing that or do you use >>> a regular credit card attached to your PII? I am just now starting to do >>> online purchasing for my consulting and really do not like the idea of >>> having my cc #, name and address stolen by hackers because some online >>> company was a little forgetful or not following best practices. FYI I don't >>> do online banking at all and unless I end up being forced to do so don't >>> plan to change that. >>> >>> If you are using a prepaid card which company do you use? Visa, >>> MasterCard, Amex, Discover, or some other? >>> >>> Thanks a lot for your opinion on this, >>> >>> Jon Harris >>> >>> ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ >>> ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ >>> >>> --- >>> To manage subscriptions click here: >>> http://lyris.sunbelt-software.com/read/my_forums/ >>> or send an email to [email protected] >>> with the body: unsubscribe ntsysadmin >>> >> >> ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ >> ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ >> >> --- >> To manage subscriptions click here: >> http://lyris.sunbelt-software.com/read/my_forums/ >> or send an email to [email protected] >> with the body: unsubscribe ntsysadmin >> > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ --- To manage subscriptions click here: http://lyris.sunbelt-software.com/read/my_forums/ or send an email to [email protected] with the body: unsubscribe ntsysadmin
