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HOW DO NUTRACEUTICAL MERCHANT ACCOUNTS DEAL WITH CREDIT CARD PAYMENTS?

Credit cards are easily accepted through different types of card terminals and online payment gateways for receiving bill payments. It is not that a customer, physically, gives the credit card and the merchant accepts it as a payment. The credit card has to be processed through the credit card terminals and various other modes of card processors for making a successful payment and transactions.

Merchants accept various and multiple credit cards to receive payments from the buyers of their goods or product. Internet is required to process the credit cards from the customer while making transactions. A POS (Point of Sale) terminal which is totally based on the web is found on the internet. This system helps to accept as well as process the credit card through the online payment gateways. A computer and internet connection is needed for the accurate functioning of the POS terminal in merchant account services. Other hardware devices and telecommunication device is not required.

One of the best examples of the credit card processor is the Orbital Virtual Terminal. This is the most reliable as well as convenient card processing system. Various comprehensive payments as well as management functions are offered by the virtual terminals for ever merchant accounts. It also includes shipping clearance, retrieving data and reviewing the batch processing. Batch processing is performed automatically by the virtual terminals for the transactions that are processed during a particular day. The electronic reports or outputs of each of the transactions in batch processing are generated at the end of the day.

With these virtual terminals which process the credit card transactions, a merchant can easily look into the orders which were undertaken previously during the previous month. The virtual terminals provide a secure transaction for the merchant account services. When a merchant logs in to the virtual terminals, the system prompts the user to enter the password multiple times so as to prevent the merchant account from various risk factors. This system mainly specializes in capturing of bad credit cards, making refunds, processing of the credit card transactions and also authority inclusion for the merchant accounts.

Credit cards can also be processed through the mobile phones which we use in our daily lives. The credit card processing through a cell phone will cost about ten dollars per month which is cheaper as compared to other modes of payments. There are some high level companies which charges about thirty dollars per month. The cell phone processing takes two consecutive working days for the funds to be deposited into the merchant’s bank account. There is no need to purchase computers, printers or credit card terminals but only a mobile banking service is required for processing credit card through the mobile phones.

The merchant provides technical help as well as a toll free number which is useful to the merchant to inquire about any kind of problem arising from the mobile phone payment systems. All transactions are encrypted to a high level of security to make sure of a safe transaction. These are the ways how the merchant accounts deal with credit card payments. 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.