Are you aware about the Parlevel Texas charge on credit cards? Many people are reporting about the charges they have been receiving on their bank statements and credit cards that seem to be suspicious.
In todays modern world, most people are using credit cards to pay for services or goods with merchants accepting credit card payments. Through the credit cards, the holder has the options to pay the borrowed money along with the applicable interest and charges in full or installments.
What is the Parlevel Texas charge on credit card?
Parlevel Systems
To understand clearly about the Parlevel Texas charge on credit card, you must understand first the Parlevel systems. Parlevel is a company that sells various hardware and software tools for vending machines, kiosks, and other unattended retail establishments.
This cashless payment platform accepts loyalty cards, mobile payments, debit, credit, and customer e-wallets. This cashless option is providing optimize results on their operations. Lately, the Parlevel System was sold to 365 Retail Markets.
Why you are receiving Parlevel Texas charge on your credit cards?
One of the reasons why you are receiving charges is because maybe you purchased from merchants using the Parlevel System. Evidently, after the 365 Retail Markets bought the system many retail technology companies started to adapt and use the Parlevel System to implement the self-service retail. Thus, it is possible that the cardholder had purchased from one merchant member of 365 Retail Markets. With this, it is inevitable to receive charges on your credit cards.
Despite of numerous complaints, still many retail businesses chose the service of Parlevel System to expand their business lines.
One of the leading canteen franchisee selected Parlevel Systems and will use Parlevel’s VMS or vending machine management. Using the Parlevel various tools, Golden Age can have a real-time access to its operation. By this, the business owner will know how to increase the revenues, increase service efficiencies, or cut costs throughout the business operations.
The best thing about the Parlevel Systems is the cloud-based option. It is easier to expand the retail business even in micro market locations.
Many unattended retail business owners testify that after using the leveraging solutions, they have expanded their account base, serve their customers better, and become more efficient. The Parlevel tools include dynamic routing, machine alerts, products merchandising recommendations, prekitting, and more. By using the Paralevel Systems, business owners can expect for an increase in the operational efficiencies.
What is the Solution?
If ever you’re one of those cardholders receiving Parlevel Texas charge on credit cards, the best thing to do is to contact the team of Parlevel Systems. Take the necessary action of inquiring about the charge. You can request to remove the charge or refund. You can file a complaint with your credit card company or bank regarding the charges.
You can also ask from customer service of the merchant about the charges on your credit card or bank statement. You should ask about it, and if you the merchant does not remove the charges, then it’s about time to file a complaint.
Advantages & Disadvantages of using credit card
Using credit cards has two sides, the advantages and disadvantages. You should think thoroughly whether or not it would affect your financial health.
Despite of the possibilities of incurring charges, still using a credit card offers some advantages. If you want to add a credit card to your wallet, keep in mind to use it responsibly.
Here are some advantages:
Convenience
The best thing about having a credit card is the convenience. You have nothing to worry about your cash on hand. You can purchase goods or services in a cashless manner. But keep in mind that using credit card entails high interest charges. Thus, it is better to use a debit card. If you will make a purchase from a merchant using Parlevel System, make sure to pay back on time to avoid incurring Parlevel Texas charge on credit card.
Recordkeeping
Using a credit card, you can monitor your spending through your online account and monthly statement. Some credit card providers send yearend summaries. With this, you will know if you are spending too much or beyond your limits.
Cash advances
You can also use a credit card for cash advances in case there is an urgent need. But make sure to pay back on time because cash advances carry higher interest rate.
Low-cost loans
In some instances that you need to make outright purchases, but you don’t have cash. You can charge your purchases to your credit card and pay back once you receive your paycheck. Again, pay the due before or on time to avoid charges on your credit card.
Purchase protection
Another advantage of using a credit card is that it can help or protect your purchases. You can easily return a defective product or dispute any charge. Thus, you can get your money back.
Build a decent credit history
Many say that using a credit card can lead to a pit of debt. Maybe yes, if you will use it irresponsibly. But it can also help build a decent credit history, especially when paying your dues on time. Once credit card providers give you good credit rating, it would be easier to borrow money from lenders.
Disadvantages
On the contrary, here are some reasons why some people receive Parlevel Texas charges on credit card.
Interest charges
Before you sign the agreement when applying for credit card, make sure to read the fine lines. This way, you will know that it carries higher interest charges, especially if you don’t pay the dues immediately. It happens when you purchase from a merchant using Parlevel System. Expect to incur interest charges aside from the purchase price. Thus, will cost you a little more.
Overspending
One mistakes that many credit card holders commit is overspending. They make unnecessary purchases even beyond the credit limit. In the end, they are trapped to debt. As a responsible credit card holder, you should not spend above 50% of the credit limit. Keep in mind that overspending will lead you to debts. Another is cash withdrawals using credit cards that carry charges. If you will withdraw from credit cards, expect for an annual interest rate of 40%. To avoid additional charges, do not withdraw cash using credit card. Instead, you should debit card .
Fees
Despite of the convenience of using a credit card, you should be preparing for the annual fees and in some cases, hidden charges. In fact, you might spend more on fees and interest charges than the cashback or discounts earned.
Additional fees may be from surcharges, especially on fuel expenses and railway bookings. Check from your credit card provider if they offer a waiver for fuel surcharge. But sometimes the bank decides on the waived amount.
Minimum due
Credit card involves minimum due amount. Many credit card holders did not understand about it, thus incurring high interest charges. They think that the minimum due amount stated in the statement is the total bill. The minimum due amount most likely is lower than the total bill. To avoid accumulating higher interest charges, make sure to understand the statement thoroughly, including the terms and conditions.
Monthly scrutiny
If you will use a credit card, make it a habit to review or check your monthly bill. This way, you will know that the bill matches your purchases. It will prevent fraudulent use of the card by scammers. You should be aware of the tricky short-term rates. Otherwise, it will lead you to paying more than the expected interest rate.
Final Thoughts
Is it practical to apply for a credit card? As mentioned above, using a credit card is a right choice, as long as you will use it effectively and responsibly. Card holders must understand the benefits and consequences of using the card for any transactions.
Having a credit card generally offers convenience and luxury, but may also lead you to debt when used irresponsible. Thus, before applying for a credit card, think many times if you can use it effectively. On the other hand, having a credit card may also force you to be disciplined on making expenses. Make it a habit to avoid spending beyond your limits. Likewise, make it a habit to pay your credit card bills on time.
Many people ask if it is safe to utilize a credit card. Yes, it is safe especially if the credit card is secured with EMV chips. It will prevent fraudulent actions from scammers. Keep in mind that credit cards are vulnerable to online frauds. They can steal the credit card information without the consent of the cardholder. Improper use of the credit card by the fraudsters can lead to incurring more purchases and expenses.
With this, it is necessary to safeguard your credit card from fraudulent transactions. One possible way is to disable foreign transaction using your card. The best way to avoid fraud is not to divulge the PIN to anyone.
FAQs related to Parlevel Texas Charges
Q1: Why use Parlevel System?
A: Parlevel is an all-in-one system that caters to Micro markets, vending management, hubz, and office coffee, and other unattended retail businesses.
Q2: How does cardholders incur Parlevel charges?
A: One reason that cardholders receive Parlevel Texas charges on credit card is when the merchant uses the Parlevel system. In case the cardholder is unable to pay the due on time, the charges are automatically added to the credit card.
Q3: What to do if you receive Parlevel charges?
A: Upon knowing the charges on your credit card, the best thing to do is to contact the customer service of Parlevel Texas to verify the charges you received. You can also contact the merchant.