DEFERRED PROCESSING

For merchants who don’t deliver their goods or services by the internet medium, deferred processing is a suitable option to go in for. Certain organisations also refer to this process as the Offline Sales technique. Deferred processing allows merchants to examine their orders manually, check if there may be any drawbacks of faults, and correct them before sending it across to shipping for the buyers. This saves the merchant the risks of returned goods or any hassles regarding an unsatisfactory order.

When shipping your customer’s products to a distant country, there may be times when the network may be down. Though such outages with the network are rare, it is always better to be prepared for them, and when you use deferred processing, you have the freedom to call the shipment and authorize the transactions, which otherwise you may have had to cancel. This is the beauty of real time processing, which is exactly what deferred processing involves.

As a merchant, you can use a POS terminal to handle transactions when using the deferred processing system. Here you can settle transactions using the internet, by mail or telephone order, or manually as well. However, the process does have certain cons, like having to download your orders securely and on a daily basis, requiring you to give a detailed attention to the systems. Plus, once the orders are downloaded and safely stored on to the system, you need to ensure their encryption so that it does not get duplicated by anyone else. Also, all the transactions will need to be entered by you, manually, hence becoming a very time consuming job.

While choosing a POS terminal for your deferred processing system, you need to ensure that you get the right program for your business. There are a wide variety of services that you can choose from, with IC Verify and the PC Authorize being the popular brands. Such programs simply connect your merchant account and you in a manner similar to the regular POS terminal, and processing the software is a relatively simple task as well. In case you choose to make a real time processing option, you only need to use one of the virtual terminals, and perform all operations directly from your own browser.

When a merchants business involves selling their goods by retail plus an internet based system, it is highly advisable to have not only a real time deferred processing system, but POS software installed with the retail merchant account as well. This is a sure shot way for you to save on the discount rates and the transaction fee per action performed. Also, most POS terminals nowadays come equipped with a card reader, therefore enabling you to cut down on swipe rates too.

Another important factor that is part of deferred processing is that when you make a decision on using a POS terminal to handle your orders on the internet, you must have a reliable system like an Electronic Commerce indicator, to show you which orders have actually come in from the web and which have not. If the card associations like Visa and MasterCard find that there are no such indicators, you may even get fined a hefty amount.

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