High Risk Credit Card Processing : A Treat For Merchants Involved In High Risk Businesses!

Author: Mark Sands

If you are dealing in some sort of business, you might lay in a category that credit card companies refer as something different from a normal risk account. Many businesses find it harder to get the merchant account approved; the reason being the high potential charge backs. However, you should not be hassled with high risk credit card processing as there are many companies and financial firms which deal with such processing set ups and offer excellent high risk processing services. 

high risk credit card processing

                           high risk credit card processing

You might be wondering which type of businesses fall into this category, or is your business liable to be referred as a high risk business. The most commonly referred high risk businesses include travel establishments, adult websites, legal gaming businesses, non-U.S. pharmacies establishments, telemarketing, e-commerce business units, etc. Almost all of the above listed businesses depend heavily on the electronic mode of payment transaction. Irrespective of the fact whether your business operates in the offline or the online mode, you are bound to provide your customers with some sort of sophisticated payment processing ability.

The major problem with online payment processing is that the plastic card is never physically available to the merchant, who is processing the payment. This creates a high risk void in the entire process. Moreover, the domain of Internet is highly unpredictable, making the e-commerce businesses to heavily rely on the electronic mode of payment transaction. This simply means that the transaction fees are bound to be really high.

high risk credit card processing

                       high risk credit card processing

Another major problem with such card processing setups is the difficulty in encountering a domestic financial institution that is willing to provide such services. However, such account services are also offered by international bank/financial institutions from across the globe. As long as your business establishment satisfies their basic prerequisites, such vendors are willing to offer high risk facilities to you.

Are you wondering about the benefits associated with such high risk payment processing services? The major goal of such services is to offer the high risk businesses with hassle free payment receiving and processing setup. The service providers do not wish that the businesses suffer just because of the petty high risk payment processing matters.

Such processing services are offered by firms all over the world in view of assisting similar businesses. Apart from offering the high risk services, such vendors also assist the merchant with additional benefits. Consulting an efficient service provider is the best option for helping you to handle large sales volume and processing of multiple currency payments easily.

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About the Author

Mark Sands is a veteran of the merchant services industry and authoritative author on

related topics of merchant accounts and credit card processing.

To learn more on High Risk Credit Card Processing, please visit our website at www.high-riskmerchantaccount.com

Merchant Processing Services - Accept Credit Cards - Bank Card Empire - Card Processing Services - Bank Cards

Author: Jayden Chandler

Methods of processing credit cards

Today a majority of credit card transactions are sent electronically to merchant processing services banks for authorization, capture and deposit. Various methods exist for presenting a credit card sale to 'the system.' In all circumstances either the entire magnetic strip is read by a swipe through a credit card terminal/reader, a computer chip is read, or the credit card information is manually entered into a credit card terminal, a computer or website. The earliest methods, submitting credit card slips to a merchant processing bank by US mail, or by accessing an Automated Response Unit (ARU) by telephone, are still in use today but have long been overshadowed by electronic devices. These early methods used two-part forms and a manual device for mechanically imprinting the embossed card number information onto the forms. Whenever practical it is best to swipe a credit card because the rates will be much lower and the incidence of stolen credit card number fraud is greatly reduced.

merchant processing services

                          merchant processing services

Credit card terminal

A credit card terminal is a stand-alone piece of electronic equipment that allows a merchant to swipe or key-enter a credit card\'s information as well as additional information required to process a credit card transaction. A credit card terminal is a dedicated piece of equipment that only processes credit cards although it is common for related transactions including gift cards and check verification to also be performed. A credit card terminal typically must be plugged in to a power supply and connected to a telephone line. However, some terminals may be powered by batteries, communicate over the Internet or through the cellular phone networks. 

When a credit card is processed (either swiped through the magnetic stripe reader or keyed in to the keypad), it contacts the network to verify if the credit card can be authorized. The transaction is then stored on the machine until the polling window is opened. The machine will either upload the electronic funds directly to the merchant bank, or a polling service provider will dial in to collect, process then submit the data to the merchant bank. The most popular credit card terminals consist of a modem, keypad, printer, magnetic stripe reader, power supply and memory card. They have had the same basic design since the 1980s. As with computers, there is a wide range of memory capacities and other features like built-in printers and debit card pinpads that affect the manufacturing cost of a credit card terminal.

Automated Response Unit (ARU)

An ARU (also known as a voice authorization, capture and deposit) allows the manual keyed entry and subsequent authorization of a credit card over a cellular or land-line telephone. With this method a merchant typically imprints their customer\'s card with an imprinter to create a customer receipt and merchant copy, then process the transaction instantaneously over the phone.

Payment gateway

A payment gateway is an e-commerce service that authorizes payments for e-businesses and online retailers. It is the equivalent of a physical POS (point-of-sale) terminal located in most retail outlets. A merchant account provider is typically a separate company from the payment gateway. Some merchant account providers have their own payment gateways but the majority of companies use 3rd party payment gateways. The gateway usually has 2 components: a) the virtual terminal that can allow for a merchant to securely login and key in credit card numbers or b) have the website\'s shopping-cart connect to the gateway via an API to allow for real time processing from the merchant\'s website.

For More Details  on Merchant Processing  Services - Accept Credit Cards - Bank Card Empire - Card Processing Services - Bank Cards please check : http://www.bankcardempire.com/amsi1203

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About the Author

Choose Safe Credit Card Payment Processing Solution

Author: vision payments

Credit cards Payment are a fast, easy, and safe way to pay for products and services. All of your customer\'s financial information will be encrypted, kept private, and both you and the customer will be protected from fraud. How do you start accepting credit cards?

To accept credit cards you must have a merchant account with a Credit Card Payment Processing company. A Credit Card Processor can also help you accept debit cards and electronic checks. What is a Credit Card Processor\'s job?

A Credit Card Payment Processor acts as the middleman between your business and your customer\'s card issuing bank. They seek authorization, verify that funds are available, and then secure the funds by placing a hold in the amount of the purchase on the customer\'s account. They then relay this information to you through a simple approved or declined message on your terminal. Every approved transaction is accompanied by a printed authorization number.

How do you get paid?

At the end of each business day, it is your responsibility to batch all of your authorization receipts and send them to your Credit Card Payment Processing service. Your merchant provider will then process the receipts and transfer what you\'re owed directly to your bank account. Different processors have different withdrawal requirements, which make it important to thoroughly understand your contract before signing.

How are you Charged?

Credit card payment processing rates vary greatly, but in general you have to pay a percentage plus a flat fee per transaction to use their services. For example, if the percentage is 3.4and the flat fee is $0.30, you will owe $0.98 for a $20 sale. Sometimes credit card processing rates depend on the type of product or the type of card used, which means that your fee may vary by transaction. You must understand the terms of your agreement before you settle with a particular service.

The card payment processing service may also issue you a terminal. You will either be required to pay for it in full upfront, or pay a monthly leasing fee. You may also have the option of purchasing a terminal from a third-party. These terms depend on the company and are negotiable.

Accepting credit cards are almost a requirement for having a business these days. It offers great benefits such as increased efficiency and faster checkouts while also protecting you and your customers from fraud. It also allows you to quickly upgrade your systems to begin accepting checks and other forms of payment. Giving your customers safe payment options will attract more consumers and help your business grow.

Article Source: http://www.articlesbase.com/credit-articles/choose-safe-credit-card-payment-processing-solution-6394388.html

About the Author

George Williams is an experienced author and he writes various articles on Virtual Credit Card Processing, Ecommerce Credit Card Processing, Credit Card Processing Services, Paypal Credit Card Processing etc. So to get the complete idea to the relevant topics visit website domain www.visionpayments.com