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Accepting OFFSHORE credit cards to increase sales

In recent times, credit card has become the norm of life. For businesses to remain profitable and grow, especially if they deal with selling products and/or services, they need to be prepared for accepting payments through these plastic cards. Whether it is an online store or a retail one, it is necessary for traders to accept payments made by credit cards. The first thing to be done in order to accept payments made by credit cards is to apply for a merchant account.

Once a merchant makes the decision of accepting credit cards for his/her business, it is necessary that a merchant account is acquired from a card processing firm. Usually the card processing firms will provide businesses with gateway terminals for payments to be made. These terminals will be provided based on the kind of business a merchant is involved with. The gateway terminal which is provided could be a virtual terminal or a point of sale terminal (or P.O.S) and a credit card machine.

Virtual terminals are the main gateways to ecommerce. They also include shopping carts which enable a trader to process payments made by customers who buy goods or services on a trader’s website. Once a consumer us ready to check-out, he/she will be asked to fill a form that requires details such as name, shipping address, phone number, billing address and card information. Once the form is submitted, the card verification process is carried out after which payment processing is done. In no time, the transaction will be completed. The good thing about virtual terminals is that they are easy to use and are also fast. Time is saved for not only the consumer but also the retailer. With credit card acceptance, a business has the advantage of reaching out to more number of consumers. Such businesses work for all the hours in a day which allows consumers worldwide to shop when they please.

The P. O. S. Terminal or point of sale terminal involved the credit-card processing firm providing traders with a card machine which can be used to process a consumer’s information after which the payments can be collected. These credit card machines are not fixed and hence can be moved in the retail stores. They are pretty quick as well as user friendly. After swiping the card on the card machine, the information can easily be obtained.

Another P. O. S. Terminal involving a machine for credit card acceptance is the wireless card machine. These machines are also used for processing payments made by credit cards. These wireless machines are not kept at retail stores but are taken by retailers to a consumer. These machines literally bring a trader’s business to a consumer. Businesses which use these types of terminals include courier services, mortar businesses and food delivery services. With credit card acceptance, a business not only gets a boost in the number of sales made but also adds to the overall convenience of shopping goods or services.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.