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Re: Credit Card Terminal Questions
Hi, I would like to know how these card terminals work. Can any card terminal (like verifone, hypercom...) work with any merchant account and credit card processing provider? And does it also work with debit cards? I have an idea of how the whole operation works, but I'm still unsure. Also can some providers work internationally? I need to obtain a terminal in less than a month. Any help is appreciated. thanks-
Re: Credit Card Terminal Questions
Q: Can any card terminal like Verifone or Hypercom wirk with any merchant account provider?
A: Most, but not all. Certain providers work with specific third-party networks (front and/or back end)
and not all terminals are certified on all networks. You're usually pretty safe with the mainstream
models like Verifone, Hypercom etc You need to check certification in advance with some of the
lesser known names.
Q: Do all terminals work with debit cards?
A: Most all work with Visa or MC branded _signatur_e debit cards. Pin debit is a different story.
Many older (some not that old) terminals have been forcibly discontinued because they do
not meet current PCI security standards, primarily dealing with pin debit.
Q: Can some providers work internationally?
A: Foreign cards will work on most merchant accounts. But the real issue is, most providers will
not permit or underwrite primarily foreign transactions for risk reasons. For this kind of processing, a
merchant should consider an offshore (or Canadian) merchant account, which is a totally different
animal from a domestic merchant account.
Looking for a very-well priced refurbished terminal? Please see and subscribe to our weekly blog of POS specials http://www.merchantservices-help.com/blog/
Our website also contains helplful lnks and info about Canadian and Offshore accounts.
AMSPCS
amspcs@juno.com
www.MerchantServices-help.com
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Re: Credit Card Terminal Questions
Thank you. Your information is very helpful and answered my questions. I will certainly look into the website and thanks once more.-
Re: Credit Card Terminal Questions
You're welcome. Depending on your needs and business type, you should also be aware
that processing electronic payment transactions via conventional terminals connected to phone lines is just the tip of the iceberg. Modern technology has produced many innovations, many of which are surprisingly inexpensive, in many cases less expensive than terminal processing: A few examples:
Web based virtual terminals--Turns computers and laptops into credit card machines anywhere an internet connection is available.
DSL connected terminals--use DSL connection instead of phone line. Great for any merchant paying
for expensive dedicated telephone lines to operate their processing machines.
Software plug-ins--provides cc processing capability within certain existing software programs.
i-Phone, Blackberry, and Smart Phone applications--process credit and debit sales, ACH transfers,
recurring billing etc. off your smart phone. Also available are small printer and/or card swiper devices
that connect to the phone.
There are things out there that none of us, myself included, never dreamed of five years ago. Sometimes it pays to think outside of the box.
Email with questions.
AMSPCS
amspcs@juno.com
www.MerchantServices-help.com
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