Credit Card Machine
Jan 12, 2017
Adding a manual credit card machine to your business is a way to increase revenue and provide customers with more than one payment option. Let’s take a look at what credit card transactions entail a
Adding a manual credit card machine to your business is a way to increase revenue and provide customers with more than one payment option. Let’s take a look at what credit card transactions entail among other frequently-asked questions regarding manual credit card machines:
What Happens During a Credit Card Transaction?
While not common knowledge, four parties are involved with processing a credit card. The customer, the merchant or sales clerk, and both parties’ banks make up the transaction. The “cash flow” begins with the consumer’s bank, who provides the loan. This money is placed in the merchant’s bank account, and subsequently into the merchant’s hands. Due to the number of parties involved, fees are generally added at numerous points throughout the transaction.
Won’t I Have to Buy a Terminal?
You may purchase a terminal if you so choose, however it is not necessary! Working with the right merchant-based company, such as Merchant Account Solutions, is a fast and easy way to obtain a terminal free of charge. You’ll save as much as $500 and gain access to 24/7 customer support, something a retail or online store that sells terminals cannot offer. Save yourself time and money by opting for a free terminal when you work with Merchant Account Solutions.
What About Swipe Fees?
Fees, such as swipe fees, are a common concern for most businesses who accept credit cards, whether large or small. The best way to avoid fees, including hidden fees, is to work with a company such as Merchant Account Solutions, as you’ll receive a reasonable rate that suits your budget. Rates start at 0.39% for swiped cards, with Merchant Account Solutions offering a low cost guarantee. You won’t have to worry about hidden fees, and can feel satisfied knowing you’ve receiving the lowest price available!
How Do I Get Started?
Now that you know more about what’s involved with using a manual credit card machine, it’s time to get started! Understanding what it means to feature a manual credit card machine is highly necessary when signing up for an account. It is also helpful when reading and reviewing invoices, and keeping track of payments. Whatever company you decide to work with, do the proper research first so you know exactly what you’re getting, and what you can expect.
Make the decision to add a manual credit card machine to your business today! Numerous options are available for a variety of businesses, so find one that will help you make the most money.