Accepting Credit Cards
Using credit and debit cards to buy gifts and necessities has become more common.
Business owners now realize the importance of their merchant account, as it can be a valuable asset or a hurtful liability to their company.
Whether your business is a pizza restaurant, a mobile locksmith, or an online-based superstore
accepting credit cards is necessary for your success.
TRANSACTION TYPES AND CONDITIONS
Most credit card transaction condition requirements can be divided into 7 categories of businesses:
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained. The cards will be presented face-to-face.
Most of these sales will be swiped with less than 25% of the sales keyed.
Restaurants:
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained. The cards will be presented face-to-face. Most of these sales will be swiped with less than 25% of the sales keyed. Tips can be added to the transaction amount.
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained. The cards will be presented face-to-face.
Most of these sales will be swiped with less than 25% of the sales keyed. Tips can be added to the transaction amount.
Lodging and Hotels:
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained. Incremental electronic authorization requests are permitted. Anticipated stay or rental time is included in authorization. Transaction date must equal the checkout.
Gas Stations:
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained.
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained. Incremental electronic authorization requests are permitted. Anticipated stay or rental time is included in authorization. Transaction date must equal the checkout.
Gas Stations:
Most cards are present at the time of sale, a terminal reads full magnetic stripe, and signature is obtained.
Ecommerce:
Most Cards are not present at the time of sale. You or your customer (internet) manually keys in the information for the card.
Most Cards are not present at the time of sale. You or your customer (internet) manually keys in the information for the card.
With mo-to-io merchant accounts, merchants will process their consumers credit cards by manually keying in their cards through a terminal. These sales are typically orders that are received by phone, fax, and mail. With an internet merchant account, merchants will process their customer cards through their website. These sales are typically received through a secured gateway on the internet. By offering your customers the ease of processing their cards on your website you will, in a sense, be open 24 hours a day, 7 days a week.
Wireless:
Most cards are present at the time of sale, a terminal reads full magnetic stripe, the transaction is authorized through the Wireless Network , and signature is obtained.
Wireless credit card processing increases sales, saves time, and reduces operating expenses.
Here are just a few of the many benefits of using wireless:
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Some wireless units are small, lightweight, and portable. Can be carried in your pocket!
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Authorize and Accept cards where it previously was impossible (in a parking lot, outside a sports event, etc.)
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No second phone line needed (savings $50/mo.) and no need to rent phone lines at tradeshows (savings of $100/day)
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By swiping credit cards you get lower rates. This one feature alone can save you hundreds of dollars per month.
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Wireless processing reduces the amount of cash you and your staff handle.
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Reduces risk. Swiping reduces chance of fraudulent or stolen card being used.
