Friday, October 27, 2017
Sunday, April 23, 2017
Billionaire Rich Lifestyle - Lifestyles Around The World 2015
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Billionaire Rich Lifestyle - Lifestyles Around The World 2015
Wealthy wannabes and 24-carat gold millionaires mingled at the Billionaire Club's Monaco Grand Prix after party, Sunday.
Mercedes race winner Nico Rosberg will have found his name top of the guest list for the post-race poolside soiree at the Fairmont Hotel, which overlooks the circuit's famous hairpin.
The club, presided over by former Benetton and Renault team boss Flavio Briatore, is designed to serve up a neat cocktail of all that the Monte Carlo race weekend has come to represent -- racing, glamor, hedonism and wealth.
"This is a dream for lots of people for one night," Briatore told CNN. "The moment you're in, you are a VIP for us.
"It makes no difference if you're the top actor in America or wherever, for us everybody is the same."
Briatore's Billionaire Life brand is selling a luxury lifestyle and the historic race around the principality -- a playground for the rich and famous -- is the perfect backdrop for some of the world's estimated 1,645 billionaires to blow off steam.
"Billionaires and the ultra-wealthy cross the globe like migratory birds and Monaco is one of the key events," David Friedman, president of wealth intelligence firm Wealth-X, explained to CNN.
"There is a cultural template in racing. If you contrast Formula One with Nascar for example, where the origins really came from running moonshine across State lines during the Prohibition, the DNA of F1 is so different."
Briatore agreed: "Everybody wants to be at this race from the sponsors to the celebrities. The Billionaire Club is the center of this event, this party and all this celebrity.
"All the drivers are there Sunday night," he promised.
After attending Sunday's royal grand prix gala dinner, hosted by Monaco's Prince Albert II and Princess Charlene, Rosberg, who was raised in Monaco, might have opted to head home to his Monte Carlo pad for an early night.
For others the midnight to dawn party at the Billionaire Grand Prix Gala kept on swinging.
Read: Nico Rosberg wins Monaco Grand Prix
The evening promised world-famous DJs, special performances and inestimable bottles of champagne to quench the thirst of revelers.
The Billionaire Club, which stages a four-day fiesta in Monaco, aims to emulate a billionaire lifestyle, but that does not mean you have to have billions in the bank to get in.
"If he's a billionaire but he's a billionaire that spends no money -- we are not interested!" Briatore quipped.
"The name was a kind of provocative name so everyone can remember. You don't need to be a billionaire.
"It is not a rip-off, it's the same price as everything else in Monaco, nothing dramatic."
The club may not be for billionaires per se but it does have a minimum spending policy. The price starts from $4,000 for a standard table.
The majority of tables at the Monaco event are reserved for Billionaire Club members and returning guests with 10% held back for what Briatore describes as "last-minute friends."
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Monday, April 7, 2014
Wednesday, April 4, 2012
Merchant Account Effective Rate
Anyone that's had to deal with merchant accounts and credit card processing will tell you that the subject can get pretty confusing. There's a lot to know when looking for a new merchant account or when you're trying to decipher an account that you already have. You've got to consider discount fees, qualification rates, interchange, authorization fees and more. The list of potential charges seems to go on and on.
The trap that many people fall into is that they get intimidated by the volume and apparent complexity of the different charges associated with merchant processing. Instead of looking at the big picture, they fixate on a single aspect of an account such as the discount rate or the early termination fee. This is understandable but it makes recognizing the total processing costs associated with an account very difficult.
Monday, January 9, 2012
Common Hidden Merchant Fees and How to Avoid Them
In this tenuous economy, businesses must be increasingly more cautious about every financial move they make, protecting themselves at every turn. A good way to ensure that you’re well protected is to make sure that the merchant services provider you enlist to help you with payment processing systems doesn’t take advantage of you by sticking lots of hidden fees into your contract.
Generally, merchant services accounts come with a variety of fees – it is just part of the deal. Some are periodic, some are determined on a per-transaction percentage basis. Sometimes they’re set by the provider of your merchant account, but it’s actually more likely that the fees are passed through your merchant services provider to a particular credit card’s issuing bank.
These fees are preset by credit card companies like VISA and MasterCard. They’re called interchange fees, and they vary depending on the type of the card and the type of transaction. Basically, transactions that involve swiping a credit or debit card through your own terminal are considered the safest method of credit card processing and therefore will result in a different fee than, for example, a transaction that was keyed in manually.
Commonly, the fees are organized into popular price models, otherwise known as tiers. It’s likely that you’ll run up against 3-tier pricing or 6-tier pricing somewhere along the line. The former is by far the most common pricing method used, because it’s usually the easiest system available. This makes it the system of choice for most merchant service providers and business owners. In 3-tier pricing, every credit or debit transaction a business processes is placed into one of three different risk categories. Each of these groups carries different security considerations and corresponding pricing levels.
Other potential charges include authorization fees, statement fees, monthly minimum fees and batch fees. Authorization fees are charged each time a transaction is sent to the card-issuing bank to be authorized. Unfortunately for business owners, this fee applies whether or not the card is verified. A statement fee is a monthly fee, as opposed to a per transaction fee, and it is sent to the merchant at the end of each monthly processing cycle. Your statement will show how much processing you did during that month, and what fees were incurred as a result.
Another common fee is the monthly minimum fee, which is a way to ensure that merchants pay a minimum amount in fees each month in order to cover the costs required to maintain the account and create profit. A good way to avoid these fees are to ensure that when you sign your merchant services provider’s contract, you give yourself a low monthly minimum barrier – that is, that you don’t overestimate how much you’ll have coming in.
Take these various charges into account when you’re going through the process of setting up your business’s merchant account.
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