1. The customer will call
or mail in their order to the merchant account
owner, at which time the merchant will collect
their credit card information. The merchant account
owner then enters the information into a credit
card terminal or PC based software.
2. The credit card terminal or PC will
dial a toll free number and connect to Cardstreet.com
for authorization. If you do use a PC software
program with your merchant account, you may be
able to use your internet connection for this
process. Once connected, the terminal or PC will
send Cardstreet.com the information for authorization.
3. Cardstreet.com Merchant Account Services
then sends the information on to the credit card
issuing bank. The issuing bank then checks to
see that #1, the card is valid, and #2, that the
amount requested is available on that account.
Once completed, the issuer will set aside the
requested funds for the purchase.
4. The issuing bank will then send an approval or
decline message back to Cardstreet.com Merchant Account
Services .
5. Cardstreet.com Merchant Account Services
then sends this information to the merchants terminal
or PC software for printing of the receipt for their
records. It takes approximately 3-12 seconds to complete
steps 2 through 5. It is a very quick and easy process
6. Once the business day is over, the merchant
can manually settle their terminal/PC software, or Cardstreet.com
Merchant Account Services can automatically begin the
final process for you. Most merchants prefer that Cardstreet.com
Merchant Account Services automatically settle their
daily transactions at a set, specific time each day.
Once the settlement process is initiated, the funds
are transferred from the issuing banks of your various
customers credit cards, to Cardstreet.com Merchant
Account Services , and then we immediately deposit them
into your business checking account. It takes approximately
2 days from settlement of a transaction, till the time
you receive the funds in your checking account
For more information on
mail/phone credit card processing merchant account click
the link below.
