Cell phone credit card processing – easier way to make a credit card payment

by Larry Chetan Business

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.

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.

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.