Accepting credit card payments is proven to increment in-store sales by 40% and is completely necessary for online businesses. In case you’re searching for the right credit card processing solution, this article will guide you on how to accept credit cards anywhere using a smartphone or tablet to accept mobile payments.
First, understand that accepting credit cards in person differs from accepting credit cards online. Here are the three things you need to know:
Credit card processors also vary, as well. A few, as IPAYTOTAL, Provides all-in-one solutions that support all types of payments from one central account.
Regardless of what business you’re in, taking payments over the phone is becoming increasingly important.
The truth of the matter is, having the capacity to take telephone payments enables you to profit by impulse purchases and close down sales quickly before the client changes their opinion. This is just one advantage of phone payments. Others include:
You Will Need:
To acknowledge credit cards in a mobile sales setting, you require a credit card reader that connects to your smartphone or tablet, With it, you can acknowledge every type of credit or debit card and simply swipe, insert (for chip cards), or tap (for eWallets like Apple Pay), to complete the payment.
The payment information is sent to your merchant account processor for approval by means of your mobile device’s cellular or wifi connection. You in a split second get affirmation that the transaction was approved or declined. In the event that affirmed, you finish the deal and your merchant account provider deposits the funds into your account, generally within 1-2 days.
You Will Need:
To acknowledge credit cards for phone sales or receipt payments, you require a virtual terminal. Most payment gateways incorporate a virtual terminal in their service. It enables you to sign into a secure screen, enter or key in your client’s payment information, and process the charge over the web. The charge is instantly approved or declined. If approved, your merchant account provider deposits the funds into your account, generally within 1-2 days.
Online invoicing encourages you to get paid rapidly by enabling customers to conveniently pay invoices online using their credit card. Recurring payments are a convenient method to set up automatic credit card billing for a wide range of business needs, from deals and payments to subscriptions and lessons.
Most people find the subject of credit card processing complicated and difficult to understand. However, it’s essential that you understand the basics to avoid putting the wrong solution in place and paying more than you should when you accept credit cards. In case of any doubts, give us a call at+44 800 776 5988 or get in touch with us through our website. Even if you’re not a customer of ours, we want to help you understand the process so you can make the best decisions for your business. We believe transparency and proactive education is the best policy.