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BATCH PROCESSING IN MERCHANT ACCOUNT
Batch processing includes those
facilities which can process hundreds or
thousands of payment at one time. It is
given in the form of mail order, Direct
Marketing Account or telephone order. A
secure internet connection is required
to process the credit card and for
authorisation purpose. The transactions
are calculated and maintained on a daily
basis. How much ever the transactions
may take place during the day, the total
number of transactions is grouped and
the funds are sent in batches at the end
of the day. If a merchant, out of his
curiosity, checks the statements during
the middle of a day then he will only be
able to see one deposit and no other
transactions.
The funds are sent to the processor
through POS terminals which is carried
out electronically.
A database file is to be maintained. One
may use Microsoft Excel or Access to
create databases of the customers and
the transactions. Immediate processing
of the database transaction is done and
a response is provided on each of the
transactions.
Merchants having recurring merchant
account can also avail these services.
The recurring accounts have monthly
subscription system. Here, a merchant
can upload a file that contains all the
transactions that took place throughout
the month. This system gathers
information of each transaction and
prepares the bill for respective
customers. Every transaction detail and
the pending work are completed at the
end of the month. This helps in
maintaining a clear and complete as well
as successful transaction at the end of
every month. No credit balances are
forwarded to the next month but it has
to be complete.
After the bank receives the file of the
transactions, they transfer funds to the
merchant account within two days. A good
businessman or a merchant gets good
discounts depending upon the work,
processing and many other factors which
are done on time. If any merchant is
irregular in processing and submitting
the work then he may not be given a
privilege to enjoy the discount
services.
Many new systems have emerged for batch
processing. It is important to be
careful while choosing the batch
processing system for your business.
These systems are easy to access for
making purchasing, authorisation and
various other credit transactions. A CSV
file has to be created in order to send
the files through FTP connection. If
there are fewer transactions that have
been made in a day then there is no need
to batch such file records. Those files
can be sent separately but it is very
much exceptional. All the transaction
that a merchant has made can be viewed
online. Both the merchant and the
customers can access their database
accounts using an internet connection.
Drag and drop options are also available
in batch processing system. This makes
the uploading of files easy and quick.
The services are carried out in a fast
and efficient manner. The FTP connection
which is required is a type of
application which can be installed on
the computer for use. This software is
user friendly and is very convenient to
access. |
