Merchant
Accounts, Credit Card Processing, Credit Cards, Internet Commerce, E-Commerce,
Credit, Finance, Money
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| CREDIT
CARD PROCESSING |
For
a credit card transaction to be processed correctly
it must be sent electronically to an acquiring
bank.
The method of processing credit cards will vary
by industry. A merchant account provider typically
has the ability to sell or establish a means to
process credit cards for a merchant. |
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Credit Card Terminals
A credit card terminal is a stand alone piece of electronic
equipment that allows a merchant to swipe or key enter
a credit card's information as well as additional
information required to process a credit card transaction.
A credit card terminal is a dedicated
piece of equipment that only processes credit cards
although it is common for related transactions including
gift cards and check verification to also be performed.
A credit Card
Terminal
typically requires to be plugged in to a power supply
and communicated over a telephone line. Howeverm newer
terminals may be powered by batteries and communicate
wirelessly or over the Internet.
POS Software
POS
Software is special software that is written to process
credit cards. It may reside on a Personal Computer
or as part of a special computer system or cash register.
Payment Gateways
A payment gateway is an e-commerce service that authorizes
payments for e-businesses and online retailers.
It is the equivalent of a physical POS (Point-of-sale)
terminal located in most retail outlets.
A merchant account provider is typically a separate
company from the payment gateway.
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Merchant
Accounts, electronic payments, credit cards, credit card processing, debit card
processing, gift cards, business transactions,
payment processing, qualified rate, transaction fee, authorization fee, batch
fee, chargebacks, credit card terminals, POS Softward,
internet payments, payment gateways, statement, qualified rate, authorization
fee, chargeback fee, batch fee, statement, fees
