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4 Replies Latest reply: Aug 14, 2009 5:47 AM by Vitasimplify RSS

Credit Card Terminal Questions

MktingAsst Newbie
Currently Being Moderated
Hey All,

Anyone who has any questions regarding credit card processing and/or terminals, feel free to ask. Also, http://WhatEveryMerchantShouldKnow.com is a great website to go to for the latest news in the credit card industry, as well as understanding the what credit card processing is all about. There is a great article related to ways to save money on credit card processing, which is worth reading.

Terminal Outlet is also having a great BLOWOUT SALE for a limited time only. Check out http://terminaloutlet.com if you're interested in checking out our products.

Thanks!
  • Re: Credit Card Terminal Questions
    Vitasimplify Newbie
    Currently Being Moderated

    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
      amspcs Master
      Currently Being Moderated
      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
      :
      • Re: Credit Card Terminal Questions
        Vitasimplify Newbie
        Currently Being Moderated
        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
          amspcs Master
          Currently Being Moderated
          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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