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Do you have to have a small business license for these or can a private individual utilize one to facilitate transactions?
What about disputes? I have heard that credit card companies are quite good at siding with the card holder.
Scenario:
You use the device to accept payment from a customer at a show. This customer later contacts the CC company to say there was some sort of fraud. Do you lose the funds?
Lets face it, there are some dishonest folks out there and I have been slow to accept CC payments or Paypal due to the worry associated with their use.
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