Shop Online with Your Secure E-wallet

Although shopping online is extremely convenient and even fun, it can also be risky. Internet fraud is a major problem and it’s not going anywhere anytime soon. If you’re an avid online shopper, you might find it difficult to keep track of all of your accounts and passwords. What if there was an easy and safe way to shop online through one account? The good news is there is! It’s called an E-wallet.

An E-wallet is online software where you can store all of your personal information and make purchases on the web. It’s basically one account through which you make all of your purchases. Depending on the software, you can store information such as passwords, email, and credit card information. Think of it as your own online bank account, but through a merchant account service provide such as SolidTrustPay.

In addition to online shopping, you can use your E-wallet account to send and receive money without having to pay expensive money transfer fees. For example, Solid Trust Pay offers free Global Money Transfers anywhere in the world with the ability to use multiple currencies. Receiving money is also easy through Solid Trust Pay’s E-wallet. It’s also affordable; only 1.5 percent plus $.20 per transfer.

Beneficial tax changes for 2013

It is time to gather papers and get ready to file your 2012 tax return.  So, many of us are not paying that much attention to some beneficial tax changes for 2013.  But it is also time to take advantage and plan accordingly.

Roth IRA contribution limits have been increased for 2013.  For joint filers limits have been increased to $178,000 to $188,000.  For Tax Year 2012 these limits were from $173,000 to $183,000.  For those single filers rates have been increased to $112,000 to $127,000.  Due to these upper income limits many will be able to contribute to a Roth IRA.  If you were unable to contribute before and new limits make you eligible, start contributing to a Roth IRA now rather than waiting till the end of the year.  It will start earning interest, tax free for your retirement.

Limits on gifts have also been raised to $14,000 for 2013.  This is an increase of $1,000 from 2012.  You can gift to anyone up to the new limit without having to file a gift tax return.  With the higher gas prices comes the higher mileage rate for 2013.  Business mileage goes up to 56.5 cents and mileage for medical and moving is 24 cents a mile.

What is the Terminated Merchant File, or MATCH file?

If you thought applying for a merchant account was difficult, try maintaining one in the world of fraud and regular chargebacks. While many people struggle to get approved for merchant accounts, others are worried they might lose their merchant account status and get listed in the Terminated Merchant File, or TMF. What is the TMF? And how can you avoid getting on the list?

Now called the MATCH file, the Terminated Merchant File is a document that features businesses and their principals who have terminated merchant accounts. It’s important to note that the TMS does not exist anymore, and the same data is now found in the MATCH file.

Essentially, the MATCH file includes high-risk accounts that have been closed by the merchant account provider. Why would a merchant account provider, bank, or credit card company close your merchant account? There are several reasons. One is that you had too many chargebacks on your file. Whether the chargebacks were legitimate, or bank errors, having too many on your record can result in getting blacklisted on the MATCH file. MATCH stands for Member Alert to Control High-Risk. Companies such as SolidTrustPay have access to the MATCH file. However, it’s good to know that Solid Trust Pay specializes in providing merchants accounts to high-risk businesses, including those who might have been listed in the MATCH file.