Selecting
the Best Credit Card Processing
Service |
Having
a credit card processing service in
your business is like putting putting
gas into your car. Feed it energy
and it will take you where you want
to go. Most successful businesses
accept credit card payments and its
much faster to cash then a check or
having to wait for a money order in
the mail, generally you can have the
funds deposited into your account
within a few days. You can see the following websites that explain more on how credit card processing works:
If
your able to accept credit card
payments it will boost your
sales, more sales means more
earnings.
So having a credit card processing
service will save you time and
money. It will also give your
customers another option of
paying for your services. More
choice equals more value.
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So
what does a Merchant Account
do? It provides access for
the seller and buyer to make a transaction.
Banks in the past would set up the
majority of Merchant Accounts, it
has recently changed hands to private
financial businesses that specialize
in the setting up of a merchant account.
Free
Credit Card Processing.com offers
a free merchant terminal or software
when you sign up for one year.
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How does a credit card processing
company process transactions?
Credit
Card Processing is the action of the
processor receiving credit card data
and transaction details from the customer.
It then debits the amount of the sale
from the customers credit card. It
delivers the funds into your account.
Here are the steps that occur:
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Your
business creates a sale and
then your Merchant Account
provider is notified.
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The
provider then sends in an
authorization request to the
credit card proccessor to
verify that the card is not
expired, stolen, or reported
lost. Once this phase is complete
you will recieve an authorization
number. |
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Once
the information has been verified,
it then checks the customers
bank for the available funds
and deposits the funds to
your account.
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FThe
final stage is the process
in which you are deducted
fees for the completion of
the transaction. These are
the fees associated with the
account... i.e. 25 cent transaction
fee. The funds are then directly
deposited into your account. |
Featured
Merchant Account Provider »»
AmeriMerchant
This process
usually takes between 2 to 3 business
days, but may take longer due to the
risk associated with the account.
If your products and services are
high risk then it could take longer.
At the end of the month you will recieve
a statement detailing the transactions
and fees.
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As you may know there are three ways
of accepting credit card transactions.
One of the popular methods you may
be accustomed to is through a retail
terminal or "swipe machine".
Another option is through the phone
or mail, you need software installed
on your computer in order to process
these types of transactions.
The last option is through a website,
this type of service is called "real
time" credit card processing.
This method does have the capability
to allow you to process mail and telephone
orders as well.
Typically these methods all cost money,
if your a retail merchant you will
need to lease or purchase the equipment,
if your an online merchant you need
to purchase the software. Right now
Free
Credit Card Processing.com
is offering either a free terminal
or free software when you sign a one
year contract. This is an excellent
offer and a great way to help you
get your business off the ground.
The other excellent part of this deal
is they offer highly competitive rates
and you don't need any money upfront
to start.
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