The possession of a credit card might give you a sense of power regarding being able to buy what you wish when you wish for it. However, it would be good to be informed that as with all things that are transactional, no service comes free. The fees that you incur on your credit card spend will essentially be a combination of base costs and merchant’s discounts, also known as markups.
The largest portion of your total spend, between 70 and 80 % of total amount would be the base cost of the goods/services purchased by you, using your credit card. To this, is added the markup which may be between 20 and 25%.
Do remember that no credit card service provider can offer you negotiable base costs regarding lower rates or better deals. The base credit card processing fees are the same for all credit card processors.
Interchange is a significant part of the expenses involved in credit card processing, but interestingly, neither your card processor nor the card association (visa or Mastercard) earns from this. Interchange is levied by the issuing bank when you accept its credit card, and the rate is determined by the issuing bank and the card association. Most interchange fees include a certain portion of transaction fee and the second part of the commission.
The credit card association levies assessment fees and though are fixed across all processors may vary depending on the specific line of credit extended to you by your issuing bank.
Markups are charged over and above the interchange and assessment fees and may be negotiable depending on pricing model adopted by each credit card processor and the types of fees charged. Ideally, in choosing a credit card processing option that will benefit you, try to go in for an agreement with those credit card processors who offer you a lower markup over the interchange and assessment fees, as the latter two are pretty much standard across all credit card processing agencies.
3 easy-to-make flavored iced coffee recipes for a cool summerRead more
As soon as summer and spring descend, it’s time to whip up the seasonal beverages that will keep you cool. Iced tea and flavored iced coffee are two of the most popular beverages during this time; they give you your caffeine fix as well as a respite from the heat outside.
It’s true that your local barista or the popular coffee chain in the neighborhood will have some of the fanciest-looking flavored iced coffees in their menu, but when you break down the basics, most of these can be easily made at home. Whether you want a light vanilla-flavored iced coffee or something more dessert-like with a nice topping, you can try your hand at these delectable flavored iced coffee recipes at home:
- Vanilla-flavored iced coffee: This is one of the simplest flavored iced coffee recipes. For this, you will need a cup of ground coffee, 4 vanilla beans that are split lengthwise, a cup of milk, ¼ cup of sugar, and a few ice cubes. Mix the ground coffee with 4 cups of water. Cover it and let the coffee stand overnight or for 12 hours at room temperature. Mix the vanilla beans, sugar, and milk in a saucepan and let the mixture simmer over medium heat. Let it stand and steep for 20 minutes. Strain the coffee into a bowl through a fine-mesh sieve. Through a coffee filter, strain the coffee again into a large pitcher. Fill four tumblers with ice cubes, pour coffee till one inch of the rim, and then pour the vanilla-flavored milk.
- Chocolate-flavored iced coffee: This chocolate-flavored iced coffee has a sweetish taste to it. This recipe calls for a cup each of fat-free milk and boiling water, 4 teaspoons each of instant coffee granules, chocolate syrup, and sugar, 1/8 teaspoon of vanilla extract, and a few ice cubes. Dissolve the coffee in the water in a large bowl. Add and stir well the rest of the ingredients. Serve this flavored coffee over the ice cubes. You can top it off with a couple of scoops of vanilla ice-cream.
- Thai iced coffee: Although the name has an exotic touch to it, this flavored iced coffee is quite easy to make. The ingredients required are a cup each of ground coffee and sweetened condensed milk and ¾ cup of milk. Make four cups of strong coffee by brewing the coffee in four cups of water in a coffee machine. Chill the brewed coffee in the refrigerator. Mix both the varieties of milk in a small bowl until a smooth consistency and chill the milk. While serving, pour the coffee in four tumblers filled with ice cubes and top them off with the chilled milk.
Five benefits of using rowing machinesRead more
More and more people are waking up to the importance of fitness in their daily routine because the obesity rate in the country is increasing alarmingly. Fitness no longer takes a backseat when it comes to healthy living, and the proof is in the number of people signing up for gym sessions. However, gyms have multiple types of fitness equipment that work on specific parts of the body. The rowing machine is one such piece of fitness equipment that burns more calories as compared to running or cycling.
Here are a few known benefits of using the rowing machine.
Cycling and running will boost your cardiovascular activity, but rowing is specifically designed to keep your heart and lungs healthy. The rowing action helps pump more blood and fresh oxygen throughout your body while simultaneously burning calories faster than what you can achieve with running or cycling.
Complete body workout
Rowing is an exercise that engages most of the muscle groups in the body. It is one of the few fitness equipment that works on the upper back, shoulder, chest, arm muscles, lower quadriceps, glutes, calves, and hamstrings at the same time.
If you are looking to prepare yourself for sporting and athletic events, a rowing machine will help you increase your stamina and endurance. Working out on this fitness equipment helps burn calories, builds muscle mass, and enhances your strength training.
A broad range of movements
Many fitness equipment limit your body’s motions, thereby failing to engage vital muscle groups. A rowing machine, however, has a broad range of movements that tone your muscles. Vigorous rowing not only strengthens the muscles but if done correctly, also enhance your form.
Better resistance training
Resistance training helps you increase your muscle mass, metabolic rate, improve insulin sensitivity, prevent weight gain, and increase bone mineral content. A rowing machine mimics the continuous pull-and-push motion of rowing to increase resistance in the workout. Thus, this fitness equipment aids in the overall development of your upper and lower body muscles.