Online Credit Card Terminal
Jan 12, 2017
Using an online credit card terminal is a great way to expand your business and increase brand awareness. A suitable option for numerous types of businesses, let’s take a deeper look at who benefits
Using an online credit card terminal is a great way to expand your business and increase brand awareness. A suitable option for numerous types of businesses, let’s take a deeper look at who benefits the most from online credit card terminal use, as well as this option’s function and features:
Online credit card terminals benefit merchants with web stores or online businesses, as it allows them to easily collect credit card payments via online checkouts/shopping carts. Yet web merchants aren’t the only business people who benefit from working with online credit card terminals. Mobile business owners may also choose to look into this option, as an online credit card terminal can be used from any location with an internet connection. Business owners traveling with laptops can go the online terminal route as well, as it’s easy to process credit and debit card payments. This is also better than having to rely solely on cash payments, which usually results in lost profits and customers! Home-based businesses are another great example.
Online terminals function in a way similar to their traditional counterparts, as they require credit card transaction data for processing by the consumer’s bank. This data includes the card number, expiration date, and transaction amount, which is sent over a credit card network to process the response by the bank that issues the card. Card number and other information is added to a web-based form, with the web server handling all data processing.
Another benefit of using online credit card terminals is complete access to previous transactions via advanced reporting. This data is easily transferred to a spreadsheet or accounting software, something traditional credit card terminals cannot do. Online credit card terminals also offer advanced transaction features, such as recurring billing. This saves time and money for merchant with a business that includes subscription services or other regular billing needs.
Free Credit Card Logos
Working with a credit card processing company such as Merchant Account Solutions equals access to free credit card logos for online businesses. Choose from logos with and without backgrounds, or customize an option if desired. Simply copy the HTML code and paste it into the HTML code on your site at your chosen location. This makes it easy for customers to know which major credit cards you accept as soon as they visit your online store.
A cost-effective, reliable, secure option, using an online credit card terminal is a great way to increase sales and maintain a happy customer base.