- Online Account Option: To use this method, you need to have a Gap member’s account. However, if you don’t have one, you can register at the Gap website. If you are set with a password and your username, you will have to visit the Gap website and click on ‘Gap Card Credit Card.’ Then at the top-right side of the home page screen, click on the ‘Have a Card?’ and log in to your account. After logging-in, click on the icon ‘pay bill online’. Provide the required information which includes your savings account number, checking and/or your bank’s routing number. Finally, type-in the amount to be expended and ‘submit. ‘It is as easy as that. By far, online account payment option is the most preferred option for many shoppers given that you enjoy the convenience of making payments at the comfort of your home. It has really boosted the use and more importantly the efficiency of Gap credit card.
- Bank Bill Pay Option: This is the other most convenient payment method at the disposal of every conscious shopper who uses a Gap credit card. All you need to do is to login into online bank account and click on “Bill Pay” icon. Add a payee by entering your payment details such as the card type, account number and the Gap address. Then go back to the Bill Pay page and select the payee as Gap. Insert the amount to pay. Finally, select the “Submit button to complete the payment. If you want to have a regular monthly transfer or payment to the Gap account, you can opt to click the “Recurring Payment” option. Recurring payment option will help you to make timely payments of your bills every month.
- Phone Option: To use this option, you need to call 1 (800) 427-7895 and choose the ‘make a payment’ option on the computerized system. You will have to provide all the necessary information such as the checking/savings account number and account number. A confirmation number will be provided to you, which you need to note down for further verification.
- Mail Option: You can also mail the check or money-order to Gap for the purpose of paying your accrued credit card bill amount. The check amount should accommodate the total amount you owe and any other fees like clearance fees or charges. In addition, remember to indicate your account number of Gap credit card on the backside of the check.
Payment gateways platforms can also be used with conventional brick and mortar businesses because they act as an equivalent on a point of sale (POS) terminal. These gateway are designed in a scalable manner to protect credit/debit card details by encrypting sensitive card related information in such a manner that information is securely passed from the client to the merchant and to the payment processor and also vice versa.
To begin with, before accepting an online payment a business requires a merchant account which is basically a special kind of bank that handles any cash received via credit/debit cards. Businesses that are already swiping their client’s card already have merchant accounts. In case your organization would like to process credit/debit cards when the clients are not physically present then they will have to acquire an internet merchant account. There are several internet merchant accounts available online and these only require registration and information validation.
These tend to vary but mainly play in the region of between 2-6%. These are commissions paid to various players (credit card provider, payment gateway, merchant account provider) who are directly involved with various credit/debit card transactions. These costs largely depend with the company that you are dealing with.
All gateways come with some form of monthly fees and this is largely dependent on the number of features and services provided by the gateway. For instance, there is the fraud detection feature that comes with extra charges. This particular feature is recommended when accepting payments from individuals and businesses that you do not have some long existing relationships with.
Per transaction fees
There is some flat rate charged per each and every transaction completed with a credit card
Open and IRA. If you own your own business or work for a company with no retirement plan, open an IRA. You can get big tax breaks from opening this type of retirement plan. If you don’t know which IRA is right for you, you can search “Types of Retirement Plans” at irs.gov.
Rate check your credit cards. The interest rates on your credit cards can have an impact on your balances and have the potential of adding up over time. If your interest rate is increasing your card balances, it’s time to shop around to find a lower rate. Other items that are options for rate checks are mortgage loans, auto loans and even your checking and savings accounts. For a real feeling of gratification, pay off the balance that costs you the high interest. If you want to zero our your balance by the end of the year, divide the amount owed by 7 and pay that amount every month. Can’t bite off that much every month? Move the balance to another card with an introductory rate and pay it off before the deal runs out. Make sure there are no high transfer fees.
Open a savings account. Follow these three steps when opening your savings account:
1. Set a financial goal and timeline.
2. Decide how much to save each month to help you reach your goal.
3. Setup automatic transfers into your savings plan from your checking account. This way the transfer is done for you and you won’t miss the money.
Review your credit report. Make sure your credit reports are free of mistakes. Remember, you are able to order one free credit report every year from each of the three major credit bureaus. You can get one free of charge from annualcreditreport.com.
Organize or discard old financial documents. Sort through all your bank statements, invoices, bills and other financial records and keep those that are only necessary. Be aware you need to keep tax returns, canceled checks, receipts and any supporting paperwork for your taxes for at least six years. Make sure you don’t just trash your important documents in the trash without shredding them. You don’t want them to be picked up by an identity thief.
Set up automatic bill pay. Spring-cleaning just isn’t about de-cluttering. It’s about making your financial life more efficient. Set up automatic bill pay and link it to your checking account in an effort to eliminate any chance of missing a payment and paying late fees.
Review your budget. Take a close look at your current budget and decide if you need to make any changes.
Pay off as much debt as possible. Spring is a good time to review your outstanding debts and which loans or credit cards you could pay off. If nothing else, develop a stricter payoff plan. Cleaning up your outstanding debt quickly will put you in a much better financial position for the rest of the year.
Record your financial passwords and store all your records in a secure place. Make sure you’re not using the same password for all your financial accounts. Protect yourself against identity theft by protecting your passwords and other financial documents in an online secure vault.
Be a community steward. Try and make a difference in your community. Believe it or not, giving of yourself to others will make you feel a lot wealthier.