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. |