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Credit Card Processing
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Most
people are familiar with the swipe machines
they see next to the till. This is commonly
known as retail credit card processing.
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Retail Credit Card Processing Companies and Merchant Services include companies like: Golden State, PaymentSphere and MerchantProcessor.com.
In
order to offer retail credit card
processing services you need two
pieces of assets, the first is
a Merchant Account Provider, and
the second asset is a piece of
equipment to process the request. |
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Retail Merchant Account
The
first step is finding a merchant account
provider that will service your needs,
provide stellar customer service and
offers competitive pricing. You don't
want to be spending a lot of money in
transaction fees when you find out you
could have had a better provider work
for you.
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Retail Terminals and Equipment
Most
merchant account companies will charge
you money for retail merchant account
equipment. There is however, one company
that offers it free, it is Accept
Credit Cards Cheap.
They offer free hardware or software
for merchants who sign a one year contract.
That is right, you own it free when
you sign a one year contract to do your
business transactions with them. Charge.com
offers free software
for online merchants who also process
phone and mail orders. Most
merchant providers offer a leasing option
in which you make monthly payments,
after the payments have been made you
ownt he equipment. You can also purchase
the systems outright. This saves on
financing fees.
Most equipment comes with a keyboard
in case the swiping mechanism is faulty
you can just enter the numbers until
the swiping mechanism is fixed or replaced.
Here are some features of retail terminal
credit card processing:
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capable
of checking to verify the
card is not stolen or involved
in fraud.
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Integrated
with your PC so your able
to batch process transactions
(process multiple transactions
at once)
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lower
amount of fraud and chargebacks.
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able
to build a customer database
by allowing for payment installments.
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Retail
merchants pay less discount rate
fees because they see the physical
card and person who is using the
card, whereas an online merchant
is unable to track or locate the
person using the card.
Featured
Merchant Account Provider:
Free
Credit Card Processing.com
If
you would like to see a complete list
of Merchant Account Providers we recommend,
click here.
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