UNENDORSED MP3 MERCHANT ACCOUNT CREDIT CARDS
Credit Cards come in various designs.
There has been a change in the designs
of credit cards compared to the earlier
days. The standard design has changed to
speciality design. Some credit cards
contain logos of universities and even
family members photos. Again the designs
are being changed. Unendorsed credit
cards are an example.
Master Card and Visa will be issuing the
unendorsed cards. This is done for
accommodating the changes in the payment
culture. There are chances that you may
already have an idea about what these
cards are and how they look like. These
latest unendorsed cards come with a
smooth and flat surface. This is a
change from the old method of having
raised symbols and numbers. This
increases the security of the
card-holders as the imprints of such
cards are very difficult to make.
These Unendorsed cards are similar to
the ones which are still in use and
accepted everywhere. So the merchants
have to consider these latest unendorsed
credit cards as a prepaid, debit or
There is only one difference in them.
The information on the card is indent or
thermal and laser-engraved. The
information on the cards includes
security character, validity date, PAN
and the name of the card-holder.
On the card there is a disclaimer which
says “only electronic use”. This implies
that the use of the card is possible
only at the point-of-sale electronic
terminals. If a merchant accepts this
card and he is without an electronic
terminal may have to face the risk of a
chargeback from the card company. This
will be done if the charges are
For those merchants who are already
using a credit card electronic terminal
the change to these latest credit cards
is seamless. This is so because the
processing of the cards will be the
same. Just swipe them with the help of
the strip on the card. After swiping the
card wait for the authorization. Next
thing to do is to take the signature of
the customer. But for the mobile
merchants the change may cause
difficulties initially. So a change of
the process may be required for them.
Conventionally what the mobile merchants
do is to make the credit card imprint
from a customer. The processing is done
later. The processing is done on a card
terminal (land-based). As the attest
Unendorsed cards do not have raised
characters like the other cards it will
be difficult to create the imprint.
These mobile merchants will have to face
the risk of a chargeback by the issuer
of the cards. This happens if the
customer disputes the charge.
Upgrading of the payment system is the
most suitable method for these mobile
merchants to over come this problem. The
system can be upgraded to one wireless
terminal. These can read the strip on
the card. This will help them to obtain
the full revenue for the transactions of
credit cards. This is an easy step and
can be done without much effort.
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.