Preventative Measures For Credit Card Fraud?
By Terry Lowery
If you’ve ever been the victim of credit card fraud, then you
know just how traumatic it can be. What’s more, if not detected
early enough, it could leave bad marks on your credit report
that could haunt you for years. The most commonly thought of
credit card fraud is when your wallet or purse is stolen, and
the thief uses your credit cards to make unauthorized
purchases.
But, with the rate on online buying growing at an amazing rate,
another form of credit card fraud—known as misappropriation—is
spreading like wildfire. All that a thief needs to create havoc
on your credit life is your credit card number—not your actual
card.
Here are a few ways that this type of theft can happen:
* One day you get a phone call, and the person on the other end
of the line tells you that they have a special offer—usually
good for only a day or so—and that you simply need to provide
them with your credit card number to make a purchase. The
solution? Don’t ever give out your credit card number to anyone
who calls you. Only provide it if you have called the company to
place an order, and you are positive that it is a
well-established reputable business.
* You are shocked to find that someone has gone through the
bags of trash that you set outdoors for the early morning trash
pick-up. A few days later when you receive your credit card
statement, there are dozens of unauthorized charges. The
solution? Always tear up your credit card receipts and bank
statements before putting them in the trash. Many thieves go
through unguarded trash bags specifically looking for these
papers.
* You go out to eat in a restaurant and pay the bill with your
credit card. On your next credit card statement, you notice
that there are unauthorized charges that started the same day
as your restaurant meal. It turns out that the waiter made an
extra imprint of your card when he rung up your bill, and then
used the number to go shopping. The solution? Many restaurants
have placed their credit card processing centers in plain view
of the customer’s sight to combat this problem. If not, you
could follow the waiter to the charge station, and watch him
throughout the process. It’s also important to make sure that
they know that they are being watched.
So, what are some other measures that you can take to make sure
you aren’t a victim of credit card fraud? Here are a few
suggestions.
* If possible, it’s a good idea to carry your credit cards and
other bank information somewhere other than your wallet or
purse. That way, if a thief nabs it, you will be out only your
cash—not your credit cards.
* It’s also smart to only take with you the credit card that
you intend to use that day—leave the others at home.
* Be sure to have a list in a safe place that lists all of your
credit cards, the numbers and contact information of the issuing
company. That way, if you are unlucky enough to lose them,
you’ll have the information necessary to contact them as soon
as you notice the theft.
* Never sign a blank receipt, and always be sure to cross out
blank lines. For example, if you bought something that didn’t
require a tip, cross out the tip line so nobody can add to it
later.
* If you buying online make sure that you do so via a secure
site.
* If you move, report your new address to your credit card
issuer immediately. Some thieves look for moves, and then watch
the mailbox of the old house, hoping that they can intercept a
credit card statement.
By following the above suggestions, you will greatly reduce
your chances of becoming a victim of credit card fraud!
About the Author: This article provided courtesy of
http://www.debt-ender.com/
Source: http://www.isnare.com
Tuesday, August 7, 2007
Friday, July 27, 2007
Wireless Credit Card Machines
Buying Credit Card Terminals
By [http://ezinearticles.com/?expert=Kent_Pinkerton]Kent Pinkerton
A credit card terminal is an indispensable device for your business. Major features of a credit card terminal are its price, speed, and reliability. There are three major types of terminals - traditional, wireless, and virtual. Each of them has its own features and functions. Modern credit card terminals require electricity and telephone lines. The price of a basic terminal ranges between $150 and $300. Terminals with printers vary from $200 to $600. For wireless terminals, the cost is ranges from $600 to $1,000. AVS (address verification system) is a standard feature on most credit card terminals- so it is advisable not to buy a terminal without it. While purchasing wireless terminals, important factors to be considered are battery life, weight, range, and shock-resistance.
Credit card terminals are perfect for businesses of all sizes. They come in different models. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. Always keep your terminals clean. Dust, crumbs, and especially paper lint can quickly block printers and gum up stripe readers.
If you choose to buy your credit card terminal online, do some preparatory research at the outset. You should consider shipping charges and any other hidden costs involved. It is a good idea to compare prices online. Also, check the warranty and customer care services. You may also consider upgrading your existing machine rather than buying a totally new one. It is advisable that you go through online reviews from knowledgeable sources. [http://www.e-CreditCardTerminals.com]Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with [http://www.i-CreditCardProcessing.com]Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton http://EzineArticles.com/?Buying-Credit-Card-Terminals&id=353175
By [http://ezinearticles.com/?expert=Kent_Pinkerton]Kent Pinkerton
A credit card terminal is an indispensable device for your business. Major features of a credit card terminal are its price, speed, and reliability. There are three major types of terminals - traditional, wireless, and virtual. Each of them has its own features and functions. Modern credit card terminals require electricity and telephone lines. The price of a basic terminal ranges between $150 and $300. Terminals with printers vary from $200 to $600. For wireless terminals, the cost is ranges from $600 to $1,000. AVS (address verification system) is a standard feature on most credit card terminals- so it is advisable not to buy a terminal without it. While purchasing wireless terminals, important factors to be considered are battery life, weight, range, and shock-resistance.
Credit card terminals are perfect for businesses of all sizes. They come in different models. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. Always keep your terminals clean. Dust, crumbs, and especially paper lint can quickly block printers and gum up stripe readers.
If you choose to buy your credit card terminal online, do some preparatory research at the outset. You should consider shipping charges and any other hidden costs involved. It is a good idea to compare prices online. Also, check the warranty and customer care services. You may also consider upgrading your existing machine rather than buying a totally new one. It is advisable that you go through online reviews from knowledgeable sources. [http://www.e-CreditCardTerminals.com]Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with [http://www.i-CreditCardProcessing.com]Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton http://EzineArticles.com/?Buying-Credit-Card-Terminals&id=353175
Tuesday, July 24, 2007
Wireless Credit Card Machines
Small Business Credit Card Processing
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
Credit card payment is one of the most popular payment options on the Internet. If you own a small business and do not have a merchant account, you might find it difficult to accept credit cards. However, it is advisable to find a means to accept credit cards on your website because it is the best way to expand your customer base. Moreover, the money transaction will take place within a week.
Small businesses can accept credit cards through 3rd party processors, who will handle the entire processing. For the small business community where cash flow is less or sometimes tight, this is a most welcome alternative. Credit card processing is not very cheap. A standard fee schedule for a small-volume account with less than 1,000 monthly transactions would be a start up fee of around $200, and monthly processing fees of $20.
If you have your own website, secure and encrypted connections are the foremost requirement you need for safe credit card processing. You should also have fraud prevention tools to prevent credit card scams.
Credit card processors whom small business owners can rely on are of several types; banks are the most dependable though. Third party credit card processing companies, independent sales organizations, financial service providers, etc. act as credit card processors. While there are several credit card processing companies, the two important factors that one should look at before setting up an agreement would be "price" and "customer service potentiality" of the credit card processors.
The merchant account provider you sign up with, might require an assurance that you have a thorough knowledge of your business environment, can identify the possible risks, know how to prevent or reduce fraud etc. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Small-Business-Credit-Card-Processing&id=353160
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
Credit card payment is one of the most popular payment options on the Internet. If you own a small business and do not have a merchant account, you might find it difficult to accept credit cards. However, it is advisable to find a means to accept credit cards on your website because it is the best way to expand your customer base. Moreover, the money transaction will take place within a week.
Small businesses can accept credit cards through 3rd party processors, who will handle the entire processing. For the small business community where cash flow is less or sometimes tight, this is a most welcome alternative. Credit card processing is not very cheap. A standard fee schedule for a small-volume account with less than 1,000 monthly transactions would be a start up fee of around $200, and monthly processing fees of $20.
If you have your own website, secure and encrypted connections are the foremost requirement you need for safe credit card processing. You should also have fraud prevention tools to prevent credit card scams.
Credit card processors whom small business owners can rely on are of several types; banks are the most dependable though. Third party credit card processing companies, independent sales organizations, financial service providers, etc. act as credit card processors. While there are several credit card processing companies, the two important factors that one should look at before setting up an agreement would be "price" and "customer service potentiality" of the credit card processors.
The merchant account provider you sign up with, might require an assurance that you have a thorough knowledge of your business environment, can identify the possible risks, know how to prevent or reduce fraud etc. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Small-Business-Credit-Card-Processing&id=353160
Friday, July 20, 2007
Wireless Credit Card Machines
Free Credit Card Processing
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
It is difficult to run a successful e-commerce project without being able to make credit card transactions. Credit card processing involves many things, such as the verification of the consumer's credit card number, expiry date, and other data connected with credit cards.
If you are a beginner in business, free credit card processing services would be an ideal option for you. Unlike regular credit card processing, you don't have to pay for expensive credit card processing software, customer service fees, a secure server, minimum transaction fees, and monthly gateway fees when using free credit card processing.
Most free credit card processing companies charge only a nominal fee per transaction or a monthly percentage fee. Therefore, free processing helps you save a significant amount of money every month. However, this does not work well when merchant accounts are involved. Regular credit card processing involves the payment of a statement fee, a minimum fee, a discount fee, and a license fee, in addition to start-up fees.
If you opt to go with free credit card processing, it is advisable that you visit a credit processing firm to learn what kind of transactions are generally done in credit card processing. Third party credit card processing companies can be a good resource for those who are looking for a less expensive means to accept credit cards online. They normally offer free credit card processing services. Their merchant account doesn?t charge any fee for many transactions, including phone, fax, retail, mail, Internet, or wireless businesses.
Lots of free credit card processing companies do not entail creating your own merchant account. Today, many online businesses make use of free credit card processing. They include CCBill, iBill, V-Share, and ShareIt. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Free-Credit-Card-Processing&id=353155
By [http://ezinearticles.com/?expert=Thomas_Morva]Thomas Morva
It is difficult to run a successful e-commerce project without being able to make credit card transactions. Credit card processing involves many things, such as the verification of the consumer's credit card number, expiry date, and other data connected with credit cards.
If you are a beginner in business, free credit card processing services would be an ideal option for you. Unlike regular credit card processing, you don't have to pay for expensive credit card processing software, customer service fees, a secure server, minimum transaction fees, and monthly gateway fees when using free credit card processing.
Most free credit card processing companies charge only a nominal fee per transaction or a monthly percentage fee. Therefore, free processing helps you save a significant amount of money every month. However, this does not work well when merchant accounts are involved. Regular credit card processing involves the payment of a statement fee, a minimum fee, a discount fee, and a license fee, in addition to start-up fees.
If you opt to go with free credit card processing, it is advisable that you visit a credit processing firm to learn what kind of transactions are generally done in credit card processing. Third party credit card processing companies can be a good resource for those who are looking for a less expensive means to accept credit cards online. They normally offer free credit card processing services. Their merchant account doesn?t charge any fee for many transactions, including phone, fax, retail, mail, Internet, or wireless businesses.
Lots of free credit card processing companies do not entail creating your own merchant account. Today, many online businesses make use of free credit card processing. They include CCBill, iBill, V-Share, and ShareIt. [http://www.i-CreditCardProcessing.com]Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with [http://www.e-CreditCardTerminals.com]Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva http://EzineArticles.com/?Free-Credit-Card-Processing&id=353155
Wednesday, July 18, 2007
Wireless Credit Card Machines
Best Car Loan Rates - Tips To Getting A Low Auto Loan Rate
Online
By Carrie Reeder
Online car loan shopping practically guarantees that you are
getting the best rates. Your location is no longer a barrier to
finding the best auto loan rate. However, you want to take
advantage of the financing options available. While searching
for an auto loan, research financing companies, negotiate
terms, and increase your down payment to get low rates.
Study Financing Companies
A sure fire way to find the best car loan rate is to study
financing companies. Only by requesting quotes and comparing
the fine print can you truly know you are getting the lowest
rate.
Fortunately, online auto loan brokers offer convenient ways to
compare lenders. With some sites you can make side by side
comparisons, while other sites will email you multiple
financing offers. Auto loan brokers work hard to attract
customers by negotiating lower rates with lenders, so you often
will find better deals through their sites that through a
dealership.
To ensure that you are getting accurate quotes, fill out the
form as completely as possible. A slight difference in income
or employment dates can reduce your interest rate.
Negotiate Terms
To find the best auto loan for your financial situation, you
will want to balance the interest rates and length of your
loan. Shorter loans offer lower rates, but with a higher
monthly payment. Take a look at your monthly budget to see what
type of auto loan would work best for your situation.
Increase Your Down Payment
While zero down or a slight down payment are options for car
buyers, a large down payment will save you money. By putting
down 20% or more, you will qualify for a lower interest rate,
even if you have adverse credit. You will also save money by
not paying interest on that portion of the vehicle’s price.
Demand A Better Deal
By getting pre-qualified for a car loan, you can also reduce
the cost of your vehicle by demanding a better deal from your
dealership. As a pre-qualified buyer, salespeople see you as a
cash buyer, and they want your money. You can negotiate for
rebates, higher trade-in value of your vehicle, and extra
features.
About the Author: Carrie Reeder is the owner of
http://www.abcloanguide.com, an informational website about
various types of loans. To view our list of recommended auto
finance companies online, please visit this page:
http://www.abcloanguide.com/autoloans.shtml
Source: http://www.isnare.com
Online
By Carrie Reeder
Online car loan shopping practically guarantees that you are
getting the best rates. Your location is no longer a barrier to
finding the best auto loan rate. However, you want to take
advantage of the financing options available. While searching
for an auto loan, research financing companies, negotiate
terms, and increase your down payment to get low rates.
Study Financing Companies
A sure fire way to find the best car loan rate is to study
financing companies. Only by requesting quotes and comparing
the fine print can you truly know you are getting the lowest
rate.
Fortunately, online auto loan brokers offer convenient ways to
compare lenders. With some sites you can make side by side
comparisons, while other sites will email you multiple
financing offers. Auto loan brokers work hard to attract
customers by negotiating lower rates with lenders, so you often
will find better deals through their sites that through a
dealership.
To ensure that you are getting accurate quotes, fill out the
form as completely as possible. A slight difference in income
or employment dates can reduce your interest rate.
Negotiate Terms
To find the best auto loan for your financial situation, you
will want to balance the interest rates and length of your
loan. Shorter loans offer lower rates, but with a higher
monthly payment. Take a look at your monthly budget to see what
type of auto loan would work best for your situation.
Increase Your Down Payment
While zero down or a slight down payment are options for car
buyers, a large down payment will save you money. By putting
down 20% or more, you will qualify for a lower interest rate,
even if you have adverse credit. You will also save money by
not paying interest on that portion of the vehicle’s price.
Demand A Better Deal
By getting pre-qualified for a car loan, you can also reduce
the cost of your vehicle by demanding a better deal from your
dealership. As a pre-qualified buyer, salespeople see you as a
cash buyer, and they want your money. You can negotiate for
rebates, higher trade-in value of your vehicle, and extra
features.
About the Author: Carrie Reeder is the owner of
http://www.abcloanguide.com, an informational website about
various types of loans. To view our list of recommended auto
finance companies online, please visit this page:
http://www.abcloanguide.com/autoloans.shtml
Source: http://www.isnare.com
Saturday, July 14, 2007
Wireless Credit Card Machines
Want To Accept Credit Card Services?
By Shane Penrod
When your business has expanded to the point that you’re ready
to accept credit card services, it is time for an upgrade of
payment options so that your clients can pay by credit as well
as by cash or check. This is not a difficult process, but you
will need to get started promptly if you want to stay even with
or get ahead of the competition.
To become eligible to accept credit card services, you need to
apply for a merchant services account. This is a special bank
or financial account that an underwriter provides to back
credit payments from clients to you. Do an Internet search to
find financial institutions who offer this service; many do,
and they would love to have your business. All you need do is
check out the prices and terms and go with the best deal you
can get. Be careful to read the fine print, however, as there
can be hidden fees like print statement costs, gateway fees,
and Website maintenance if you go the Internet route. You also
may be asked to pay annual membership fees or application fees,
so do your homework before selecting a company where you will
seek a merchant account. You can quickly apply via the Internet
or by telephone, and you can generally expect a fairly prompt
reply. In a matter of a few days, you could be ready to start
accepting credit card payments from current and new customers.
Your clients will appreciate your willingness to accept credit
card services, since many dislike the hassle of paying by cash
or check. If you plan to offer credit card payment options at
the physical location of your company or organization, you will
need to purchase or lease a credit card processor that can be
plugged in, perhaps one with a combination terminal and
printer. If an employee or you plan to deliver goods and
services, however, you may prefer to invest in a wireless
credit card processor that you can take with you in the van
wherever you go. A pager might be another useful acquisition,
as well as an e-check or debit processor. Don’t overextend
yourself, however. Only purchase what you can afford to pay for
each month. You can always buy more equipment or upgrade to more
features when they are truly needed.
To accept credit card services at a company Website, find a
good Web designer who will put up a quality site for your
business. Your merchant account will let you accept credit
payments onsite, which allows you to reduce staffing loads and
yet bring in more income. Your Website can be viewed from
customers all around the world at any time of the day or night,
and you can likewise receive credit payments from any location.
Many merchants claim their profit rises dramatically after they
start accepting credit on a Website.
Don’t let prosperity pass you by. Find out how you can open a
merchant account and learn to accept credit card services on
the Internet.
About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
By Shane Penrod
When your business has expanded to the point that you’re ready
to accept credit card services, it is time for an upgrade of
payment options so that your clients can pay by credit as well
as by cash or check. This is not a difficult process, but you
will need to get started promptly if you want to stay even with
or get ahead of the competition.
To become eligible to accept credit card services, you need to
apply for a merchant services account. This is a special bank
or financial account that an underwriter provides to back
credit payments from clients to you. Do an Internet search to
find financial institutions who offer this service; many do,
and they would love to have your business. All you need do is
check out the prices and terms and go with the best deal you
can get. Be careful to read the fine print, however, as there
can be hidden fees like print statement costs, gateway fees,
and Website maintenance if you go the Internet route. You also
may be asked to pay annual membership fees or application fees,
so do your homework before selecting a company where you will
seek a merchant account. You can quickly apply via the Internet
or by telephone, and you can generally expect a fairly prompt
reply. In a matter of a few days, you could be ready to start
accepting credit card payments from current and new customers.
Your clients will appreciate your willingness to accept credit
card services, since many dislike the hassle of paying by cash
or check. If you plan to offer credit card payment options at
the physical location of your company or organization, you will
need to purchase or lease a credit card processor that can be
plugged in, perhaps one with a combination terminal and
printer. If an employee or you plan to deliver goods and
services, however, you may prefer to invest in a wireless
credit card processor that you can take with you in the van
wherever you go. A pager might be another useful acquisition,
as well as an e-check or debit processor. Don’t overextend
yourself, however. Only purchase what you can afford to pay for
each month. You can always buy more equipment or upgrade to more
features when they are truly needed.
To accept credit card services at a company Website, find a
good Web designer who will put up a quality site for your
business. Your merchant account will let you accept credit
payments onsite, which allows you to reduce staffing loads and
yet bring in more income. Your Website can be viewed from
customers all around the world at any time of the day or night,
and you can likewise receive credit payments from any location.
Many merchants claim their profit rises dramatically after they
start accepting credit on a Website.
Don’t let prosperity pass you by. Find out how you can open a
merchant account and learn to accept credit card services on
the Internet.
About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
Friday, July 13, 2007
Wireless Credit Card machines
Virtual Credit Card Terminals
By [http://ezinearticles.com/?expert=Kent_Pinkerton]Kent Pinkerton
Virtual credit card terminals are the best means for processing credit card payments. They are perfect for any business that accepts credit card payments by phone, fax or e-mail. Virtual credit card terminals are a safe, browser-based interface that allows you to authorize, process, and manage credit card transactions, using any computer with an Internet connection. You do not need a physical credit card terminal.
As they reduce complexity and expenses, virtual credit card terminals are suitable for businesses of all sizes. They are commonly used in utility companies, mail order businesses, call center operations, newspapers and magazines, insurance companies, charities, and service companies. With virtual credit card terminals, you can manually enter credit card transactions for mail or phone order sales, refund money to a customer's credit card, automatically bill customers for recurring charges, check the status of transactions, run a variety of reports, and capture previously authorized transaction.
Virtual terminals are software-based credit card terminals enabling you to quickly capture and authorize credit card transactions in real time. When the process is complete, the merchant receives an authorization number and the server stores the transaction details. Transactions are automatically settled at the end of the day and the reports are generated within two to three business days.
Compared with POS (point of sale) terminals, virtual credit card terminals are very fast. Other features of virtual credit card terminals include address verification service, customer and merchant email notifications, recurring payments, and detailed reporting capabilities. Automatic item sub-total calculation, credit card swipe card option, automatic tax calculation, automatic shipping calculation, item discount calculator, billing and shipping data fields, and coupon or rebate calculator are the added features of virtual credit card terminals.
Unlike other software packages, virtual credit card terminals do not need licensing fees and fees for upgrades and customer service. The cost is always associated with authorizing and processing of credit card transactions. Most software-based credit card terminals utilize flash memory to store the software. [http://www.e-CreditCardTerminals.com]Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with [http://www.i-CreditCardProcessing.com]Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton http://EzineArticles.com/?Virtual-Credit-Card-Terminals&id=353178
By [http://ezinearticles.com/?expert=Kent_Pinkerton]Kent Pinkerton
Virtual credit card terminals are the best means for processing credit card payments. They are perfect for any business that accepts credit card payments by phone, fax or e-mail. Virtual credit card terminals are a safe, browser-based interface that allows you to authorize, process, and manage credit card transactions, using any computer with an Internet connection. You do not need a physical credit card terminal.
As they reduce complexity and expenses, virtual credit card terminals are suitable for businesses of all sizes. They are commonly used in utility companies, mail order businesses, call center operations, newspapers and magazines, insurance companies, charities, and service companies. With virtual credit card terminals, you can manually enter credit card transactions for mail or phone order sales, refund money to a customer's credit card, automatically bill customers for recurring charges, check the status of transactions, run a variety of reports, and capture previously authorized transaction.
Virtual terminals are software-based credit card terminals enabling you to quickly capture and authorize credit card transactions in real time. When the process is complete, the merchant receives an authorization number and the server stores the transaction details. Transactions are automatically settled at the end of the day and the reports are generated within two to three business days.
Compared with POS (point of sale) terminals, virtual credit card terminals are very fast. Other features of virtual credit card terminals include address verification service, customer and merchant email notifications, recurring payments, and detailed reporting capabilities. Automatic item sub-total calculation, credit card swipe card option, automatic tax calculation, automatic shipping calculation, item discount calculator, billing and shipping data fields, and coupon or rebate calculator are the added features of virtual credit card terminals.
Unlike other software packages, virtual credit card terminals do not need licensing fees and fees for upgrades and customer service. The cost is always associated with authorizing and processing of credit card transactions. Most software-based credit card terminals utilize flash memory to store the software. [http://www.e-CreditCardTerminals.com]Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with [http://www.i-CreditCardProcessing.com]Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton http://EzineArticles.com/?Virtual-Credit-Card-Terminals&id=353178
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