Credit card processing describes the payment and acceptance of a credit card for payment of goods and services. The merchant usually sends the credit card number to the issuing company through an electronic terminal. The issuing company then sends a code back instantly either allowing payment to be received or declining payment.
Chat with our AI personalities
There are many different online websites that have software for processing credit cards online. A few of these websites include Chase Payment Tech, MerchantWarehouse, PaySimple, and TransFirst.
The main advantage of using virtual credit card processing is its ability to detect fraud. Hackers don't generally use these cards as they expire in a short period of time.
Virtual terminal credit card processing is a technology that allows online merchants to process and accept credit cards as a form of payment. It allows the consumer to pay for items online with a credit card, making the purchasing process much easier.
There are many good choices when selecting a credit card processing service. Your decision should be based on the personal needs of your company. You need to consider the costs and customer approval ratings.
Until the U.S. govt. changes that, nobody HAS to accept credit/debit cards! Just because a business does not accept cards does NOT mean they are "shady" or ...