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PROCESSING FOREX CREDIT CARDS THROUGH A CELL PHONE

Technology has reached such heights that it has made processing of credit cards through a cell phone possible. It has rapidly spread in Europe and parts of Asia. There is no need to go to ATMs or banks for transactions. You can easily follow few steps using your cell phone and complete the transaction. Most of the latest phones have this compatibility. An internet connection is needed or sometimes the mobile network charges certain amount and provides the service.

A customer can use his/her cell phone for billing through the device at an e-commerce site during checkout to make payments. Few steps are necessary to process credit cards using a cell phone. Some toll free numbers are available to which a user can make a call. It is answered by an IVR system. Accordingly the user needs to make choices regarding the purchase and the type of account he/she holds. After selecting the right option, the user is asked to enter the PIN code to complete the transaction. The user has to wait for some time for the response from the system. The Interactive Voice Response (IVR) system gives the confirmation of your transaction. It is another way of making payments rather than by using credit cards and terminals.

This type of service is available to make payments, transfer money, check account balance, etc. A merchant account holder may find this piece of technology very useful. Almost all electronic devices which are linked with merchandise and banking are related to merchant account. The Federal Reserve ACH system supports this kind of service.

This service implies reasonable charges as less as ten dollars per month. People are able to use and avail this service even from home or even when they are out of station. This facility has helped in the smooth functioning of the merchant account banking systems.

Various mobile networks only support the banking systems. A merchant should acquire this type of device in order to make his business a smooth running one. Instant success of the transaction also provides maximum satisfaction to the users.  There is no need to worry as the PIN code you provide is kept confidential. This is done in order to protect the identity of the customers and the detailed payment records. This service is also very reliable and it helps in winning over the customer’s confidence.

Merchants can enjoy the reduced costs and also customer support is given. Credit card processing through a cell phone is being made compulsory by various mobile networks. A number of web pages are available where various transactions and different payment modes can be used. Once a particular network is set on the cell phone for transaction purpose, the use of it is easy because of less traffic between different networks. The banks, technology, customers and merchants have to work supportively with each other in a certain rhythm to make things function smoothly. It is also a fast service where sometimes most transactions take about ten seconds to complete. Thus processing credit cards through a cell phone has been made possible and also it is easy to use. 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.