1. The merchant account owner slides
the customer's card through the wireless credit
card terminal and enters the amount of the sale.
Using technology similar to that of a cell phone,
the terminal will connect to a radio tower and
send the credit card information and amount
of the purchase.
2. The transaction information will be
routed to Cardstreet.com Merchant Account Services.
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 the information back to the credit
card terminal which will print a receipt for
the customer to sign if the card is approved.
It will take approximately 8-12 seconds to complete
steps 1-5
6. The payment gateway will pass the approval
code back to the merchant account owner's site or
if the merchant does not have a secure site give the
customer their approval information. It is also advised
that you enable your payment gateway to email approval
or decline messages to your customer for their records.
This is a helpful tool for your customers help keep
your customers informed or all aspects of the sale.
Informed customers are happy customers, and much less
likely to want to return an item, file complaints,
or anything potentially negative towards the merchant
account owner.
For more information on
wireless merchant account credit card processing click the
link below.
