Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Providing Secure and Reliable Merchant Services for Credit Card Payments

By Anthony Taylor Subscribe to RSS | May 7th 2012 | Views:
loading
 
  



Online merchant services are the latest forms of payment that are being used frequently worldwide. The reason for the increased use of these payment modes is the numerous benefits that are associated with them for the customers and the merchants. A merchant requires secure credit card payment receipt system to receive payments from customers purchasing stuff from their website or web store. Such merchant offer merchant services credit card processing for the secure transfer of online payments are provided by many banks.

These services are offered in the form of a bank account that facilitates companies or businesses or receives online payments that are made through debit or credit cards. These kinds of services for a merchant are provided on the basis of a legal and documented agreement between the merchant and the acquirer to provide the imbursement amount for the credit or debit card payments.

Merchant services for credit card processing

The major credit card transactions are transferred online to the banks that are providing the processing services for legitimating, collecting and depositing the amounts. There are different kinds of services related to credit card processing which are used by merchants for receiving payments electronically. The major two kinds which are commonly used are explained below:

1. Credit card terminal

Merchants have credit card terminals installed at their stores for facilitating customers for making electronic payments through debit or credit cards. A credit card terminal can be described as an electronic gadget that operates independently. It is used by the merchant for swiping or entering the credit card’s information and the amount to be deducted from the card. Today is a variety of credit card terminals available which might differ from each other on the basis of the functions they provide.

2. Automated response unit

Another kind of merchant card processing service device is the automated response unit. This device is linked to a cell or a land-line telephone and facilitates entering the credit card details manually and helps in its verification. Using this method the merchant verifies the customer’s card and also obtains two copies of the receipt of payment where the details of the card, the timing of the transaction and the transaction amount are also mentioned. One copy remains with the merchant while one remains with the customer. This payment process is confirmed by the merchant over the phone.

Merchant services are also being revolutionized day by day for the improvement, time reduction and securing electronic payments. Although the merchants have to pay some fees for installing such credit card processing devices, they also increase their customer base by installing such card processing devices as the customers find it easy to shop and pay through the card, instead of carrying money with them.

Anthony Taylor - About Author:
Anthony Taylor is an expert in Internet security issues and has been associated with AlgoCharge, which is one of the leading online merchant services in the world. The company offers an integrated solution to merchant services credit card processing, bank transfers and other alternative payments using advanced algorithms

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/providing-secure-and-reliable-merchant-services-for-credit-card-payments.htm

Related Business Articles Subscribe to RSS

CHAS accreditation & CHAS services> Please base article around this
Published by Julia Roger on June 18th 2012 | Business
The HSE also have their own risk assessment and policy templates that you can download to either use...
 
Get Help from PEOs Avail the benefits of the services offered by PEO companies
Published by James Blee on May 16th 2012 | Business
It is not without reasons that more and more organizations are resorting to seek help of PEOs or Pro...
 
 
Product sales through Call answering services
Published by Meghnath Kumar on July 2nd 2012 | Business
Among the various services that you use as a business minded person, to achieve your goals and have ...
 
A company’s repute and the water jet cutting services
Published by Ajax William on March 16th 2012 | Business
If the reputation of a company in an industry is great, then it will be recognized, by the customers...
 
Bookkeeping services from External Professionals are Highly Reliable and Affordable
Published by Amitaabh Saboo on July 25th 2012 | Business
Bookkeeping and accounting is among the universal realities of business management. Even so, numerou...
 
Some important reasons to outsource bookkeeper services
Published by Amitaabh Saboo on March 14th 2012 | Business
Be it for focus, professional service, limited responsibility or others, the benefits of outsourcing...
 
PEO Comparison services helps organization to grow
Published by Morgan002 on April 20th 2012 | Business
Did you ever think about the criteria which could take your business at the higher levels? Are all t...
 
Transform your home with our fabulous interior design services from Unique Gifts and Interiors Ltd
Published by on June 18th 2012 | Business
We believe that your home should be your solace and a place where you can relax and de-stress where ...
 
Professional translation services VS Translation with Widgets
Published by Jon Smith on May 15th 2012 | Business
Technological advancement have brought most wonderful inventions to make our life easier. Now we can...
 
Cloud computing services in Denver by Micro tech tel
Published by Roger White on April 9th 2012 | Business
When you are looking for the managed IT Services MicroTech Tel is the place to look out for the trus...
 
Some vital facts regarding fulfillment services
Published by Ema Sis on May 19th 2012 | Business
Fulfillment also called order fulfillment or products fulfillment are often the process whereby a pe...
 
Why you need the locksmith services
Published by Jacob Stefen on January 21st 2012 | Business
Choosing reliable locksmith is important since some locksmiths might charge additional for attending...
 
Are you interested in using Engine Remapping services?
Published by Mary Porter on June 22nd 2012 | Business
Those with a passion for their car will want to make sure that they get the most out of their motor ...
 
Get superb moving services from Movers in Maryland to customers
Published by Kachlon on July 18th 2012 | Business
Movers in Maryland are providing various moving services to customers that include packing, unpackin...
 
Moving and Packing services makes house moving process easy and quick
Published by Mandymoving on December 13th 2011 | Business
Are you shifting to a new place? Worried about the shifting process? Be placated! Moving and packing...
 
Packers and Movers Company with all kinds of services but with economy
Published by Purushottam Chandra on January 3rd 2012 | Business
Best company on packing and moving embrace you on conclusion of shifting support. We have all type o...
 
Fast and efficient insurance verification services for healthcare facilities
Published by Outsource Strategies International on January 12th 2012 | Business
Fast and efficient insurance verification services for healthcare facilities simplify the workload o...
 
Are you looking for the services of Engravers Nottingham?
Published by on March 27th 2012 | Business
Our engravers Nottingham have the talent and the knowledge to deal with any kind of engraving job, b...
 
Hire towing services for your car
Published by Kristi Smith on December 30th 2011 | Business
The article is based on the towing services offered through Internet. It throws light on the aspects...