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For years the payment options for mobile merchants were limited to either cash or check. Today, wireless credit card machines have given mobile merchants access to the same credit card authorization networks as retail businesses.
This new technology has allowed the benefits of security and additional sales to merchants who previously had to handle cash or take the risk of accepting checks. As a bonus, wireless credit card processing is typically faster than traditional landline processing. And, since wireless terminals work off of the reliable Verizon and AT&T/Cingular networks, merchants can process secure transactions virtually anywhere in the country.
Netcom PaySystem has a complete line of solutions for mobile merchants or any businesses which wants the added flexibility and opportunity wireless credit card processing offers. Whether you own a small pizza delivery shop or a large concert vending service, Netcom PaySystem has a wireless credit card processing and merchant account solution for your business.
You will find useful information in the links to the left that will help you set up a merchant account and get started doing wireless credit card processing. As always, if you have further questions feel free to call us at the number above.
How Wireless Credit Card Processing Works
- The merchant slides the customer’s card through the wireless credit card machine and enters the sale amount. Using a technology similar to a cell phone, the terminal connects to a radio tower and sends the credit card information and amount of the purchase.
- The transaction information is routed to Merchant Warehouse’s processor.
- The processor passes that information onto the bank that issued the credit card (issuing bank). The issuing bank checks to see if the card is valid and if the amount requested is available on the card and sets aside the amount of the purchase for the merchant.
- The issuing bank sends back an approval number or a decline message to the processor.
- The information is then passed back to the mobile credit card machine. It takes approximately 8-12 seconds to complete the transaction depending on the coverage available and network traffic.
- At the end of the day the merchant may manually “settle” their terminal which will begin the final process of the transaction. Once the settlement process is initiated the funds are transferred from the card issuing bank and deposited into the merchant’s checking account within two business days from the time of the original transaction.