- A merchant account ensures that when you swipe a customer's card you actually receive funds for the transaction. After swiping the customer's credit or debit card the credit card machine sends the transaction to a processor. In less than 5 seconds, the processor analyzes the data, checks the cardholder's account, approves or rejects the transaction amount, and responds to the merchant.
- At the end of the day, the merchant sends a summary of transaction information from the credit card terminal to the processor for proof and daily totals. The credit card processor compares the daily totals with the individual transactions they've processed, and if the numbers balance, they authorize a transfer of the funds due to the merchant. All of this is done courtesy of your credit card merchant account processing services.
Credit Card Merchant Account
Having a credit card machine doesn't automatically enable a business to start accepting credit card payments. In order to process credit card and/or debit card payments, a business needs to have a credit card merchant account as well.
In today's world, merchant services is a must for any business. Eighty-percent of all retail customers pay with their credit and debit cards, and if you don't accept credit cards, customers will go to one of your competitors who does.
What is a Merchant Account?
How Can I Get a Merchant Account?
- Signing up for a retail, mobile/wireless or online credit card merchant account with MerchantService.com is easy! We would love to offer assistance or advice for the best possible processing option intended for your large or small business, and we also educate our merchants on credit card interchange fees and best practices to ensure you're receiving the most advantageous rates when you accept a credit card. Merchant account services that go above and beyond - that's what we strive for!
Get Started with a Merchant Account Today!
- Whether it is online, wireless or retail, a merchant account from MerchantService.com makes it easy for your business to accommodate your customers. Call us now at 888-288-3816, and start increasing your bottom line profits with our fantastic credit card processing services today!