Category Archives: Financial
The Function of Credit Card Processing
At a personal level the credit cards are the commonly used financial tools. Credit cards have network system structure that makes it easy to use.In the world of credit cards there are just a few card providers and the most common card providers are Visa, MasterCard, American Express and the JCB. Any time we enter into a store we what we see are the logos of the credit cards. The Master Cards and the visa credit cards are mostly given by financial institutions such as the banks. Your credit card will have a logo from the financial institution and the card provider. The process where the credit card acquirer processes the card and make the payment accepted by any store is known as the credit card processing. In the merchant account, all the stores have an account that has a credit card processing service …
Increasing Awareness and Understanding on Credit Card Processing
Mobile credit card processing is also known as “mobile point of sale or mPOS”, allowing acceptance of credit and debit card payments using any mobile device such as phone or tablet instead of a credit card terminal or point-of-sale. With the modern technology, there is a rapid advancement in mobile technology, allowing consumers to do shopping online, and it allows paying via mobile wallet apps. It has been proven that mobile credit card processing is now more convenient, accessible and secure. Simply by just swiping or scanning, it is now possible for merchants to accept all major credit cards and debit cards and checks from their smart phone or tablet. With the mobile app, processing payments is made easy, improving customer service and increasing sales whenever and wherever needed.
The process of accepting payments using major debit and credit cards involves entering …
How to Process Your Credit Card
There are numerous steps inherent to processing a credit card. In addition to that, you may have to expect coming across with exorbitant and overwhelming fees. However, if you want to be using credit cards for your business, you have to settle the said fees. The key to having a simpler experience with credit card processing is to understand the system implemented by your credit card company. In that, it will be easy for you to figure out how much you are being charged and what for. Get to know credit card processing better by reading through the remaining parts of this short article.
IDENTIFY THE PARTIES INVOLVED
Understanding the processing fees of your credit card goes after you know of the parties involved with the process. For all you know, thee are financial middlemen existing between customers and merchants. Institutions or parties that …