Docstoc

A_To_Z_Of_Credit_Card_Processing

Document Sample
A_To_Z_Of_Credit_Card_Processing Powered By Docstoc
					Title:
A To Z Of Credit Card Processing


Word Count:
562


Summary:
Credit cards have become a luxury as well as a need for customers who prefer to shop with light pocket and
no heavy cash in it. While the whole credit card processing may sound a benefit for customer but in reality
this method of payment is also a requirement for trader who wish to trade large and wish t grow their
credibility as well as status.


Credit card processing in simple words is payment of goods or services via swiping of card through the
credit card machine. The w...



Keywords:
merchant account credit card processing, business, apply, compare, online, ecommerce,



Article Body:
Credit cards have become a luxury as well as a need for customers who prefer to shop with light pocket and
no heavy cash in it. While the whole credit card processing may sound a benefit for customer but in reality
this method of payment is also a requirement for trader who wish to trade large and wish t grow their
credibility as well as status.


Credit card processing in simple words is payment of goods or services via swiping of card through the
credit card machine. The whole process takes no time and allows a customer buy or purchase anytime from
anywhere, while also adding to the sales of the trader or business owner dealing with a credit card holder.


Credit card processing has terms, benefits and a backhand process that makes it as simple as it sounds. Some
of the most common term that comes in the credit card processing technique is credit card holder, credit card
issuer, merchant account and mobile credit card equipment. A credit card holder is the one who gets the
privileges of using credit card for shopping from the bank or Credit Card Company. Credit card issuer is the
bank or the credit card company that authorizes the whole electronic transaction and benefits to customer
and trader, while a merchant account is the account or the deal between a trader and credit card company to
permit the trader with credit card processing service.


When it comes to credit card processing benefits a bank or a credit card company comes with one big
condition for both the merchant account holder as well as the credit card holder. This basic condition is the
eligibility, whether the trader has a legitimate trade or whether the trader has any history of fraud. Similarly,
in the case of a credit card holder, the bank would see the requirement of a credit card account such as the
balance.


Credit card processing being an easy and comfortable service has become a trend among the buyers and
sellers. While customer enjoys the liberty to shop even when he or she has no cash in its pocket, the trader or
business owner enjoys the credibility tag and the growth in business. Fact that a store allows credit card
processing makes it not just a big store but also the most vulnerable one among its neighbor stores that may
not be having the service of credit card processing. A trader does not just benefits from the increased sale
but also gets the benefits of merchant account.


For those who trade or shop on internet credit card processing is like gift to them, as it allows easy payment
or money transaction without any hassle of going to the website owner’s land based address. Also, a website
company can always sell its service to the customer by quick and fast payment mode via easy punching of
credit card numbers.


What makes the whole credit card processing fast and simple is the fact that within a fraction of second’s
whole transaction takes place. The moment a customer swipes it’s card and punches the credit card number,
bank scans the customer’s account and lets the trader know whether the transaction is possible or not. If
possible, the customer is authorized to get his payment done and the trader gets his payment in his merchant
account.




life insurance policy

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:1
posted:3/1/2012
language:
pages:2