Retail Merchants Archives - Payment Processing News
Drone
February 12th, 2016 by Elma Jane

If there’s an e-commerce trend there’s also a delivery trend.

Will drone be the future of delivery?

Drone delivery is the next big key to e-commerce.

Place an order, payment is collected from a mobile payment system. Drone goes out to deliver the order.

Drone delivery is a great concept to combine for any retail merchants or company that deals with the public. It represents a new system to connect buyers with merchandise, and quickly. The trend for e-commerce delivery.

 

 

 

Posted in Best Practices for Merchants, e-commerce & m-commerce Tagged with: , , , , ,

Payment
November 17th, 2015 by Elma Jane

Within the payment processing industry, Merchant accounts are categorized according to how they process their transactions.

There are two primary merchant account categories:

Swiped (Card Present) and Keyed (Card-Not-Present).

Swiped or Card-Present Transactions: Are those in which both the card and the cardholder are present at the time the payment is processed, they physically swipe their customers credit card through a terminal or point-of-sale system.

The sub-categories within this group include:

Retail Merchants – Normally conduct their business in an actual storefront or office space. They primarily use counter-top terminals or Point-of-Sale systems.                          Restaurant Merchants – Requires a special set-up that allows for tips to be added to the final sale amount by settling the transaction with an adjusted price that will include the tip amount.
Wireless / Mobile Merchants – They use wireless terminals or mobile phones to run these transactions in Real-Time. Have the ability to accept credit cards transactions wherever they are located out on the road.
Hotel / Lodging Merchant – Will authorize a customer’s credit card for a certain sale amount.

Card-Present Transactions also include grocery stores, department stores, movie theaters, etc. Card acceptance settings where cardholders use unattended point-of-sale (POS) terminals, such as gas stations, are also defined as card-present transactions. 

Keyed-In or Card-Not-Present Transactions: Whenever the transaction is completed and the cardholder (or his or her credit card) is not physically present to hand to the seller.

The sub-categories within this group include:
Mail Order / Telephone Order (MOTO) – The customers card information is gathered via over the phone, fax, email or internet and then manually key-entered into a terminal or payment gateway software. Once the transaction is approved and completed, the product is then shipped to the customer for delivery.
eCommerce / Internet – Conduct ALL of their business over the internet through a web site. So all credit card transactions are processed online via a payment gateway in real-time. The payment gateway is integrated into the web sites shopping cart. The cardholders card is charged instantly.

Travel Merchants is one example of Keyed or Card-Not-Present Transactions.

Start processing credit card payments today whether Swiped or Keyed.

Give us a call now at 888-996-2273 so more details!

Posted in Best Practices for Merchants, e-commerce & m-commerce, Mail Order Telephone Order, Mobile Payments, Mobile Point of Sale, Point of Sale, Smartphone, Travel Agency Agents Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , ,