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SpinDistribute.com Article Directory

The following article was published in our article directory on June 28, 2010.
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Advantages Of Wireless Credit Card Processing For Businesses

Article Category: Advice

Author Name: Mike Bartonolis

Wireless credit card processing is a technology that enables business owners to accept credit card payments anytime and anywhere.During the early years of credit card payments, the customer's credit card information was initially sent via telephone lines; while modern technology has now enabled the technology to e fully portable and mobile.During the early years, customers are troubled with the fact that stores and shops would need to keep records of their credit card information in order to fully process their payments, which results to an increase in the cases of stolen or lost credit card information.These days, however, there is no need for customers to worry about their credit card information getting stolen or lost because payments are made instantly and their information is protected with data encryption.How a wireless credit card transaction works is really simple.And the concept is that this technology enables business owners to complete sale transactions regardless if they are inside or outside their offices or stores.

Because of the increasing number of muggings and thievery for the past years, more and more people prefer to make credit card payments rather than carry a lot of cash with them all the time.Because of the fact that there are a lot of people who use credit cards these days, it is important that business owners are kept abreast of the latest technologies, such as mobile card processing, that will allow them to accommodate such needs and demands of their customers.Although the process of handing over the credit card and swiping it on the card swiper and signing the transaction slip may seem like a very simple process, in truth, it is a complex transaction that has several steps, which, thanks to great advances in technology, can be completed in a few seconds.

Mobile credit card processing begins after the card has been swiped and the machine gets all information from the credit card that is needed to complete the sales transaction.Then the wireless network starts to work by sending a withdrawal request to the credit card processing company for the amount of the item to be purchased.The credit card processing company then transfers the information and the withdrawal request to the merchant banker where the authenticity of the card as well as the amount of the remaining balance is sent back to the shop or business owner where the purchase is made.These processes are done in a matter of seconds and all information are protected with data encryption.There are a lot of benefits in using wireless credit card processing, the first one of which is that it is highly mobile and portable so business owners can ring it with them anywhere and accept on the spot credit card payments.

Keywords: wireless credit card,mobile card processing

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