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

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 ...
 
Online payroll services New Jersey- a relief from tedious manual payroll
Published by Payroll1 on May 23rd 2012 | Business
The cutthroat competition in the industry makes it all the more significant for the companies to spe...
 
Go for comprehensive packing and moving services by the right company
Published by Ankita Kumari on February 29th 2012 | Business
Shifting from one place to another is not an easy process. It requires huge level of things to pack ...
 
Swimming Pool Builders: - Premium Pools provide the best pool services in INDIA.
Published by Pinky Sharma on June 5th 2012 | Business
I come from a lower middle class family in Lucknow that, no matter its conditions, placed huge empha...
 
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 ...
 
Part is over Now Time to Hire Housekeeping services Company
Published by Venuja Hilton on January 5th 2012 | Business
It’s not that you have to go with the same company, there may be several other NJ maid company as ...
 
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...
 
 
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...
 
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 ...
 
HIPAA compliant physician billing services for gastroenterologists
Published by Outsource Strategies International on March 5th 2012 | Business
Medical billing companies provide all healthcare specialists, including gastroenterologists, efficie...
 
London Fit out is the foremost name in office fit out services
Published by on June 16th 2012 | Business
London Fit Out is committed to providing all the solutions that you need for the commercial refurbis...
 
Why do you need the services of a business broker in Roseville?
Published by Businessbrokers on December 12th 2011 | Business
There are many other benefits too. Like confidentiality, better price and hassle free process. All t...
 
San Diego Google places optimization services
Published by Julia Bennet on April 24th 2012 | Business
When you are looking for the solution in order to get on top, the San Diego Google places optimizati...
 
Bookkeeping services What to expect from them
Published by Amitaabh Saboo on January 9th 2012 | Business
It’s vital for you to be familiar with what to be expecting from bookkeeper services ahead of appo...
 
Outsource title processing services: Significant Advantages
Published by Amitaabh Saboo on January 16th 2012 | Business
You may be having small company as mortgage processor and this is able to be incredibly advantageous...
 
Mapping 4 Business provides and range of CIS Mapping services including territory design
Published by Julia Roger on December 26th 2011 | Business
Founded in 2005 Mapping 4 Business is a reputable organisation that provides GIS mapping expertise t...
 
Hiring the Best Junk Removal services
Published by Harry on February 16th 2012 | Business
If you want to live in a hygienic environment. You need to keep your place clean. It is very importa...
 
Joomla web designer services now introduced by Visage Marketing group
Published by Kimberly Penney on May 27th 2012 | Business
If you are looking for the joomla website design you can simply contact the visage marketing group. ...
 
Think before you take a merchant loan
Published by Joseph Richard on May 14th 2012 | Business
If you are an entrepreneur who is setting out to start a business then you will know that one of the...