Global Merchant Tips and News

Tranz 330 as complete Equipment for your business

Global Merchant News and Tips — Thu, 18 Sep 2008 19:38:00 GMT

The Verifone Tranz 330 is Really a versatile product to deal with variety of applications. It not only allows multiple functions like fast, low-cost credit card authorization and credit card sales it also allows you and your business to accept debit (ATM) cards through the use of an optional PIN pad. It easily supports other point-of-service (POS) applications involving the transfer of value, such as health care and government benefits programs Not only this you can easily connect a slip, roll or...(read more)

The Back-end Process of Merchant Accounts

Global Merchant News and Tips — Thu, 18 Sep 2008 16:04:00 GMT

To enable your business to accept credit cards online, and to process transactions immediately, you need to have access to a merchant account. It is an easy, cost-effective way to process credit cards online. Hence, the first step is to get a merchant account, a service offered by nine banks - known as acquiring banks. Also there are processors that currently offer Internet merchant accounts. There would be nothing better than your existing bank offering merchant account services, but you may approach...(read more)

Mobile Merchant Accounts Perfect For Professionals

Global Merchant News and Tips — Thu, 26 Jun 2008 20:57:00 GMT

Accepting credit cards for a solo lawyer, a consultant or any mobile profession was not possible easily. A traditional merchant account might be suitable for high-volume retail vendors - but for a service business - or a solo professional like an attorney - to accept credit cards “traditionally”, a normal merchant account is simply not cost-effective. Mobile merchant accounts came up as a wonderful option for solo professionals; who are able to process payments from a client quickly by dialing a...(read more)

Is Your Credit Card Terminal Certified?

Global Merchant News and Tips — Tue, 17 Jun 2008 13:36:00 GMT

In the merchant services industry, terminals and other machinery manufacturers are known to be superfluous in the number of new models that they keep introducing. Half of these are never even heard of and are lost in history for good. Of course, merchants are always on a lookout for a terminal that will make their job easier, offers more security , has a better screen , is multi-functional, more compact, so on and so forth. However, even if you do find such a super terminal that excites you, it would...(read more)

Get Best Terminal Services With Verifone Omni 3200SE

Global Merchant News and Tips — Mon, 21 Apr 2008 14:48:00 GMT

The Omni 3200 family has been the choice of more U.S. merchants than any other terminal. Now the Omni 3200SE offers enhanced ergonomics and improved performance in a remarkably compact, stylish design. Verifone Omni 3200SE Features: - ATM-style interface - Double the memory - Fast processing - Integrated “clam-shell” printer that features drop-in loading - Support for all payment types - All in a footprint that is 30% smaller than its predecessor The Omni 3200SE makes the best-selling payment terminal...(read more)

Four Ways for Small Businesses to make the Most of their Merchant Account

Global Merchant News and Tips — Fri, 04 Apr 2008 14:56:00 GMT

Owing to the ignorance of most small businesses regarding the benefits they can achieve by leveraging their credit card processing abilities, they tend to lose out on a huge margin of profit. Accepting credit cards, which was initially a luxury of the large and successful business, is now a necessity, whether you have a small storefront, are a traveling artist, or drive a cab. Since, consumers today prefer paying with plastic money (Credit /Debit cards), as it frees them from the hassle of carrying...(read more)

VPOS - Virtual Point of Sale Terminal

Global Merchant News and Tips — Wed, 26 Mar 2008 16:58:00 GMT

Virtual terminal is an online version of the credit card swipe machines used in stores. It has an added advantage of increased sales, and cost saving. No expenditure on expensive equipment is required, hence it becomes a highly cost effective way. Virtual terminal becomes the best option for the merchants who are into the manual swiping of the credit cards as they enter the card and check the transactions for mail/telephone order sales. Virtual Terminal allows you to process credit card transactions...(read more)

PCI PED Introduced to Minimize the Risk Inherent in Card Transactions

Global Merchant News and Tips — Thu, 20 Mar 2008 18:31:00 GMT

Visa and MasterCard together form the Payment Card Industry (PCI) for securing PEDs (PIN entry devices). Late last year, specifications were released by the PCI for POS (point-of-sale) devices. Hence, PCI PED (Payment Card Industry PIN Entry Device) is a card association mandate, which now takes effect for all new credit card processing terminals. PCI PCI, comprising of a common set of industry tools and measurements to ensure safe handling of sensitive information and improve cardholders confidence...(read more)

What is an Early Termination Fee?

Global Merchant News and Tips — Tue, 18 Mar 2008 15:19:00 GMT

Early termination fees (ETFs) is a charge levied on a party that wants to terminate their merchant contract or agreement prior to the completion of the term of the contract as stipulated in the contract itself. Now that you know what an early termination fees is, let me also point out to those who haven’t already realized that any service provider who intends to lock you into a two or three year contract with a clause that mentions a several hundred dollar termination fee, may not be worth the trouble...(read more)

Comprehensive View of Electronic Check Services

Global Merchant News and Tips — Thu, 13 Mar 2008 16:59:00 GMT

Electronic check services make for additional methods of accepting payments from customers. But what is an electronic check service? It is a service usually offered by credit card processors along with their merchant services, that allows customers to pay for goods and services using their personal or business checking account from your web site. Electronic check processing (ECP)is meant to help organizations by reducing the volume of their paper transactions. This method of payment processing is...(read more)

Security an important feature to consider in Online Payment Option

Global Merchant News and Tips — Tue, 04 Mar 2008 16:23:00 GMT

In the present era online payment has become another option to make payments. It is very important to offer this service to increase sales and maintain that sales level. If you are not offering the option to pay online then your sales graph is supposed to decrease. The people who shop online expect to buy immediately and pay easily online through credit cards and if this facility is not offered they will soon turn to next website. It’s very easy to get started with online credit card processing....(read more)

What to Show Your Customer When a Transaction is Declined

Global Merchant News and Tips — Wed, 20 Feb 2008 17:59:00 GMT

While processing a credit card payment, if the transaction is declined for any valid reason, such as an AVS or CVV mismatch response, you have to decide what to show your customer. This may sound like a very simple thing to do, however, one wrong word can drastically impact a customer’s desire to change their information and try again. It was earlier recommended to give a visitor a single response for any decline, AVS mismatch, error or otherwise. Depending on how your customers react to their transaction...(read more)

PIN and Signature Debit Acceptance

Global Merchant News and Tips — Fri, 15 Feb 2008 22:04:00 GMT

Debit card use has soared in recent years. Debit cards subtract money directly from a customer’s checking account for each transaction. Many consumers prefer debit cards as a budgeting tool, boosting debit card usage 12 percent annually. PIN Debit or Online Debit involves payment processing in which the customer is required to swipe his debit card and also enter the PIN or Personal Identification number. This is possible through the usage of a credit card terminal or POS software system with an attached...(read more)

Using a Nurit 2085

Global Merchant News and Tips — Mon, 11 Feb 2008 21:29:00 GMT

The Nurit 2085 is a popular credit card terminal, known for its reliability, features, ease of use and functionality. This credit card terminal is compact and flexible, also customizable, to make for increased efficiency. The 4 soft keys and 4 hot keys, along with an in-built printer, make for speed and efficiency. Sometimes, for reasons of their own, processors insist that a merchant must upgrade his credit card terminal. A change makes sense if your terminal has phased out and is no longer supported...(read more)

Merchant Account Helps Increasing Sales

Global Merchant News and Tips — Wed, 06 Feb 2008 16:24:00 GMT

For an Internet or e-commerce site to be successful, merchants must handle their electronic transactions well. A flexible method of accepting payments goes a long way to generate the majority of e-commerce related traffic. Earlier, several businesses were restricted and could not tap the potential consumer market because of the way they accepted there on-line payments, Today, all that has changed with the advent of newer payment gateways and on-line transaction sites. Web masters now accept almost...(read more)

Suggested Home Based Equipment Options for Credit Card Processing

Global Merchant News and Tips — Mon, 03 Dec 2007 21:24:00 GMT

Do you know everything you need to know to run a successful home based business? When you’ve chalked out the details about financial management, insurance, legal issues, marketing, taxes, professional image and more, its time to come to the question of how you plan to accept payments for your products or services. And, what about tech and office supplies? You may think nothing of buying the necessary equipment for processing credit cards, however, it is important you pick the ones that cost you less...(read more)

Merchant Account Limits

Global Merchant News and Tips — Fri, 30 Nov 2007 21:48:00 GMT

Merchants are usually not aware of the fact that even if sales are literally pouring in, and its the peak time of seasonal sales, their ability to accept transactions can be shut off, and their money held up for months by respective merchant account providers. You certainly don’t want to be caught unawares during the busiest time of the year! As odd and maddening as it may seem, merchant account providers do shut down accounts if the total dollar amount of transactions a merchant processes in a month...(read more)

Benefits of Wireless Credit Card Processing Solutions

Global Merchant News and Tips — Mon, 12 Nov 2007 17:28:00 GMT

A wide variety of options are available when it comes to wireless credit card processing. There is a robust selection of mobile credit card terminals. Also, easy-to-use cell phone based credit card machines are a popular solution for businesses that seek the freedom that wireless merchant account services can provide. Wireless credit card processing allows merchants to provide convenience and security to their customers, and cost savings to themselves. Additionally, wireless credit card processing...(read more)

3 Step Process of Credit Card Transactions Over the Internet

Global Merchant News and Tips — Mon, 05 Nov 2007 17:06:00 GMT

Credit card Processing is widely integrated over Internet connections. The benefits of accepting credit cards online include the fact that you can access all your orders, transactions, and reports from any computer in the world with Internet access. You do not need a separate transaction terminal either. Processing credit card transactions online may be accomplished using a virtual terminal, which allows you to manually process mail and telephone credit card transactions, as well as issue credits...(read more)

Different Credit Card Processing Fees for Different Merchant Service Providers

Global Merchant News and Tips — Thu, 01 Nov 2007 14:32:00 GMT

To stay in business, every business has to accept credit cards. Credit card processing, though fairly simple, has it’s own price. There are fees to be paid on every credit card transaction, which may vary by hundreds of dollars a month - or more - depending on the sales volume and the respective merchant services provider. In credit card processing, a merchant pays two sets of fees. First is an interchange fees, which is decided and split between the credit card networks and the credit card issuing...(read more)

Credit Card Processing: Factoring

Global Merchant News and Tips — Mon, 29 Oct 2007 16:26:00 GMT

Most merchants are aware of the fact that the processing of Visa or MasterCard credit cards is handled by sponsored “underwriting” card acquiring banks, in an environment regulated by rules outlined by the associations of the same two card labels. Both, Visa and MasterCard, comprise of various card issuing banks that together define on an yearly basis the rate categories, rate changes, and also the rules and regulations of the industry. The aim is to reduce the risk value inherent to the credit card...(read more)

VeriFone Tranz 330

Global Merchant News and Tips — Thu, 25 Oct 2007 15:50:00 GMT

The VeriFone Tranz 330 is a established credit card terminal with all basic and advanced payment functions. The VeriFone Tranz 330 is the one of the most renowned terminals in credit card industry that handles all of the basic needs of a retail merchant. The Tranz 330 is compatible with all VeriFone printers, and is also supported by most credit card processors. The Tranz 330 from VeriFone is a definite terminal that offers you the ability to accept all major credit cards. This terminal is an uncomplicated...(read more)

Suggested Equipment for Retail Merchants

Global Merchant News and Tips — Mon, 22 Oct 2007 17:21:00 GMT

Merchants, whatever be the wares they sell, are all prepared and equipped, to get paid by plastic. This is because Customers typically choose to patronize stores that move shoppers through check-out lines quickly. Credit Card Processing allows you to do just that. Swipe terminals are the best processing solution for retail businesses, however, POS (Point Of Sale) Software can be used also. POS terminals, primarily, are used in a “Card Present” situation. “Card Present” means that at least 80% of...(read more)

Learn More about Merchant Accounts

Global Merchant News and Tips — Tue, 09 Oct 2007 14:06:00 GMT

Merchant Account A merchant account is an account with a bank that allows you to process credit cards. This bank account is established with a payment processor for the settlement of credit card transactions, with the money being transferred to your standard business account in real-time or during various points in a 24 hour period. Any merchant who wants to take credit card orders must establish a merchant account, which is a crucial part of ecommerce. Internet merchants need a “Card Not Present...(read more)

Key Elements Needed for Credit Card Processing

Global Merchant News and Tips — Thu, 04 Oct 2007 14:35:00 GMT

Transactions, whether business related or personal, are now completed with the help of credit cards. Credit cards eliminate the need of carrying a large amount of cash. Hence, they are convenient both for the customer as well as the seller because transactions can be carried out any time you want. It helps in managing your money and can be especially used during emergencies. There are several financial services that offer merchant accounts to home based, mail order and Internet businesses. That just...(read more)