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

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...
 
CAD Services – Advanced services in field of CAD
Published by Macjohn on August 23rd 2012 | Business
Advancement in CAD services started with the advancement and invention of newer technologies in soft...
 
What services do Illustration Agencies provide
Published by James Blee on June 16th 2012 | Business
Illustration Agencies unite authors with childrens book illustrators for example when they want to b...
 
Dallas Pool Contractors : - We have provides Best services in the world like Houston and Phoenix Pool Contractors.
Published by Microcell Systems on January 20th 2012 | Business
Premier Pool and Spas is a conductor in the state-of-the-art of pool design and contractors. Last 25...
 
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...
 
Are you looking for T Shirt Printing services?
Published by Julia Roger on December 27th 2011 | Business
Here at Advertees we specialise in t shirt printing and we always use the very best materials availa...
 
Medical supply is a critical part of health care services
Published by Chooseems on July 20th 2012 | Business
The health care issues arising all over, a scenario like this, demands for a good medical supplier a...
 
The Ultimate websolution services by CITC.
Published by Anoopcitc on August 14th 2012 | Business
CITC is highly experienced India web designing & web Development Company with the proven record for ...
 
How to sign up to BT Home Phone services
Published by Paul Rowley on January 24th 2012 | Business
This article explains what you can expect from BT Home Phone to see if it is the right option for yo...
 
George Pope can offer you optimal purchase freehold services
Published by James Blee on June 16th 2012 | Business
As a qualified Chartered Surveyor with over thirty years of experience providing clients across some...
 
Order fulfillment services - its advantages and benefits
Published by Ema Sis on August 23rd 2012 | Business
Fulfillment also known as order fulfillment or else products fulfillment will be it whereby a person...
 
Wonderful Professional services of Heating and Cooling Chicago Companies
Published by David Flambert on August 8th 2012 | Business
The good quality of the air program will also depend on the way these facilities are installed eithe...
 
Understanding the purpose of a merchant account
Published by Carlos on February 10th 2012 | Business
You should get a merchant account prior to starting your own business on the Internet for many reaso...
 
What are the special offers and services of crossword?
Published by Dinesh on May 5th 2012 | Business
Crossword is one of the famous book store chain of India. They have stores in over eighty five citie...
 
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...
 
Voice broadcasting services enhance your business prospects
Published by Snooozy on February 7th 2012 | Business

Voice Broadcasting defines a telephonic message which can be sent to hundred or thousands of peo...
 
Using London Airport Taxi services
Published by Mary Porter on June 28th 2012 | Business
Many London airport taxi companies will have a wide range of vehicles to accommodate varying numbers...
 
Do you require the services of an Ecologist Kent?
Published by Mary Porter on June 30th 2012 | Business
If you are searching for an ecologist Kent to work on your site then visit us here at Hone Ecology E...
 
Enjoy great services from best pool removal company
Published by Ashish Pandey on May 5th 2012 | Business
Getting the landscaping services from a reliable company is a must. You can hire the best profession...
 
Using Air Freight services
Published by on July 19th 2012 | Business
There are lots of official procedures and regulations to follow when sending goods via air freight o...