cell phone credit card processing

1

• For any business purpose, a merchant account is
  necessary and is used where the payment
  transactions are done through credit or debit
  cards. The merchant account is connected directly
  to the bank account where the funds through
  business are deposited after every payment made
  using a credit card. This bank is the credit card
  merchant services provider. If a business accepts
  credit card payment, then the business owner
  should either have a merchant account of his own
  or interact with a third party for the
  processing, who in turn has a merchant account in
  a bank. These Merchant accounts have a
  transaction charge associated with the payment
  made against it.

2

• Creation of a merchant account is also an easy
  and is done quite fast by filing up a simple
  application form. Then the merchant account
  provider calls up the applicant and explains the
  entire process for his better understanding of
  the process.
• Today, along with the basic Credit card machine
  or credit card terminals that are mostly used for
  the credit card payment, the addition to it is
  the cell phone credit card processing. The card
  is swiped in the slot attached with the cell
  phone in order to read the card information which
  thus gets fed automatically into the machine.
  Then the rest of the process is same as it goes
  through the merchant account authorization and
  validity. Carrying this terminal is easier due to
  its portability and works as fine as any normal
  credit card terminal.

3

• The factors that should be checked for during the
  swiping are
• It should be ensured that the phone line and the
  Internet connectivity are in proper working
  condition.
• The machine used is preferably small to carry and
  easy to operate. The pre authorization of the
  customer through his unique PIN is done with
  security and is assured to fullest.
• Today, most of the latest credit card machines
  can handle gift cards and checks as well along
  with a credit or a debit card.
• www.fdisp.com