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Wireless Credit Card Processing Terminal
Nina Said:Where do you get one of those portable credit card chargers?
We Answered:There are two ways of doing this:
1. Use a wireless terminal
A wireless terminal works just like a cell phone. Anywhere you can make a phone call you can process credit cards. Wireless terminals are self sufficient as they do not need a telephone line (they are wireless) or an external source of electricity as they are battery powered. This means you can bring it to your stand and process just as if you were n a typical retail store.
2. Use a manual imprinter
What the merchant would do is imprint their customers’ credit card orders at the fair/market and have them sign the imprinted credit card slip. The merchant will give them a copy as a receipt and take theirs back to your home or office. You will then manual key enter your orders into your basic credit card terminal so you can receive payment. For large or suspicious orders the merchant can call for a voice authorization on their cell phone to verify and freeze the funds on their credit card. You then can claim those funds from a basic terminal like the Verifone Trans 380 that you have back your home, office, or even hotel room.
Kyle Said:How credit card technology works?
We Answered:The technology is known as EVS or Electronic verification systems allow merchants to verify that the card is valid and the credit card customer has sufficient credit to cover the purchase in a few seconds, allowing the verification to happen at time of purchase. The verification is performed using a credit card payment terminal or Point of Sale (POS) system with a communications link to the merchant's acquiring bank. Data from the card is obtained from a magnetic stripe or chip on the card.
Several types of credit card terminals are available to merchants nowadays. Most have the same basic purpose and functions. They allow a merchant to swipe or key in required credit card information and transmit such data to the merchant service provider. Most newer models processes credit cards, gift cards, and are expandable to perform check verification. The majority of credit card terminals transmit data over a standard telephone line or the internet. Wireless terminal can transmit card data using either cellular networks or satellite networks. Some also have the ability to store data and transmit over a standard telephone line when one becomes available.
Max Said:We wanted a cordless/mobile phones in which the swiper machine of ICICI credit card to be attached. Suggestion
We Answered:There are a couple of difeerent options for wireless credit card machines. There are some that look like a normal credit card machine with an attached printer, but they are expensive.
There are others that are a cell phone with a credit card reader on the side and a seperate printer for your belt or pocket. The printer works some what like blue tooth technology. There is no cord from phone to printer. It allows you to put the phone in your pocket. It is much smaller and ideal for service oriented companies (plumbers, construction, pest control, etc...)
They both come with an additional cost for the wireless carrier to process the transactions through their network. SO expect to pay about $25 -$35 more per month compared to a dial up lanline terminal.
There is a company that I know that has both options available:
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Anywhere you can make a phone call you can process credit cards.
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