Tuesday 11 March 2014

Credit Card Processing Methods You May Not Know About



Having a convenient credit card processing terminal for your high risk merchant account can assure you secured transaction and avoid surplus charges from the service provider.  
Payments through Machines

This is probably the simplest method of credit card payments and is done with traditional swiping machines where the machine takes a photocopy of the credit card with all its information for later payments.
Payments through Credit Card Terminals
In case, you are a high risk merchant account holder and have higher volumes of payments, using credit card terminals ensures safety from card rejections and can secure information internally for more security. 
Payments through Mobile Devices
In this processing method, payments are done through a mobile device, which acts as a portable credit card terminal and  payments are done over 3G or wireless connections with some inexpensive additional hardware.
Payments through Virtual Terminals
A virtual terminal means that the payment is done online and is processed through the internet, where the information is entered manually, but is a secure as convenient mode of payments.

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