Knowledge Base
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Article ID | : |
KB58 |
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Created | : |
February 08, 2008 |
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9841 |
On-Line Credit Card Application Terms
Some of the terms used on the credit card application are a little confusing for some small organizations.
We have defined a few here. Let us know if this list falls short for you.
Average Ticket Size:
Average expected size of donations/contributions.
Average Monthly Volume:
Average number of monthly transactions you EXPECT/ANTICIPATE.
Ownership Percentages
A political campaign or non-profit does not have owners. But it does have officers. The banks need names of real persons who are responsible to the consumer (donor/contributor) for any acts of malfeasance.
Trade Suppliers
Anyone you make regular (quarterly, monthly) payments to, Web Hosting, Mail Box (not US Postal Service) and office space. Or that you have a line of credit with that you use semi regular (Promotional products, printers).
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