Phone Credit Card Processing
credit card processing
credit card is a plastic card that you can use for anything ranging from shopping to paying your bills. It is medium of electronic payment and a way by which you can avoid carrying large amount of cash. Widely in UK and US these card have been given a welcoming response. Online Credit Card Processing can be done with mail as well as phone orders. Phone and Mail Order Merchant Accounts enable you to collect customer credit card payments without the customer being physically present with the credit card.
The Phone Credit Card Processing system is very simple to use the trader needs to make a call to a toll free number and follow the directions given by the voice command. The companies, which give this facility, charge extra fees like credit card processing fee, application fee, cancellation fee, one time set up fee, annual fee, online reporting fee, monthly minimum statement fee, voice authorization fee etc. by paying these basic fees the trader is entitled to process any credit card. Phone Credit Card Processing is appropriate for domestic business, business with low volume, taxi and limousine services, cyclic business, trade shows, craft shows, or for delivery people etc.
The Phone Credit Card Processing system is a very beneficial process for the traders as it does not require any specific investment and requires only installation of a telephone. There is no specification for the type of phone any phone can be used a fixed line, cell phone etc. it requires use of only one line which gives the ease to the merchant to use and connect the terminal. It is a simple dial up system that can help the merchant to process a credit card whenever he wants to. It is an authentic and safe way to process and this system can also be upgraded to a point-of-sale equipment or credit card processing software.
How it works
1. Process credit cards using any touchtone phone, toll-free 2. Simply use your cell phone or any phone 3. Receive monies within 24-72 hrs 4. No Terminal Needed
With the developments there are still changes that can be expected but as for now the use of phones for credit card processing is the best and the cheapest way that seems to be the easiest for the merchants as well as the consumers to use.
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