Merchant account provider

From Wikipedia, the free encyclopedia

Merchant Account Providers give businesses the ability to accept debit and credit cards in payment for goods and services. This can be face-to-face, on the telephone, or over the internet.

Credit cards have become the preferred method of payment in today's market--making a merchant account essential for any business.

Contents 1 Services 1.1 Point of sale (POS) equipment rental 1.2 Purchase with cashback 1.3 eCommerce solutions 1.4 Anti-fraud measures 2 Also See

[edit] Services

[edit] Point of sale (POS) equipment rental

Point of sale terminals may be portable, fixed, adapted for transactions carried out behind a glass partition, or specially adapted for business-to-business transactions.

[edit] Purchase with cashback

Cashback allows customers to request cash from the cash register along with the transaction. This cash is debited from their account via the EFTPOS (Electronic Funds Transfer at Point of Sale) terminal. This service is of considerable convenience to the customer and provides benefits to the business including increased footfall, impulse buying, and increased numbers of customers due to the added convenience of cashback.

[edit] eCommerce solutions

Businesses that sell goods and services via the internet require secure means of conducting the transactions.

[edit] Anti-fraud measures

Minimizing the risk of fraud both to the client and to the client's customers.

[edit] Also See

• chargeback
• payment gateway
• Credit card
• PayPal
• Credit card fraud
• Chargeback insurance
• Payment Card Industry- PCI
• Cardholder Information Security Program - CISP