Retail Merchant Account

Today over 80% of transactions are completed in a non-cash form. It is important that all businesses accept debit cards and credit cards. There are a few different ways merchants can accept payment and a few pieces of required hardware/software that will make this possible. If you are not sure what will be the best path for your company, contact one of Power Pay Services’ helpful account representatives.

Merchants can accept credit cards with a merchant account that fits their business the best. For retail stores and restaurants businesses will use a retail merchant account. This is for any company that is accepting payments face to face. These companies will use a swipe credit card terminal or a POS system. The credit card and debit cards will be swiped through the system and processed instantly.

Companies that are accepting credit cards in a non-face to face environment will use an internet merchant account. These accounts will allow for a merchant to accept internet, phone and mail orders at the lowest fees possible. Merchants will login to a virtual terminal from any computer with an internet connection and a web browser. They can choose to manually charge the cards among a number of other features. There is no physical terminal that is required just software.

Small home based or part time businesses can use a touchtone merchant account. These merchants need no software or hardware. All they require is a merchant account. All of their orders can be charged by call the bank directly with the toll free 800 number. All different types of transactions can be processed over the phone including charges and refunds.

Rates are higher for mail order, phone order and internet based businesses because the chance of fraud increases many times over when the card is not present. It is very important for merchants to protect themselves as best as they can to avoid chargebacks.

Retail merchants usually use a credit card machine by Hypercom or Nurit since they are the least expensive, easiest to use and can be programmed by any merchant account provider. Make sure that you choose to work with a trusted payment processor that can provide your business with 24/7 toll free support and service. PPS has been setting up merchant accounts for over 10 years with thousands of merchants that utilize their services on a daily basis.

Setup a credit card processing merchant account today!