Next up, merchant accounts introduced electronic authorizations. This system offered quicker approval than imprinted slips, but it still took as long as five minutes for a clerk to send in the credit card number over the phone and get approval. For large sales, it was worth the wait, but for smaller sales, it often wasn't. But, by not waiting, the merchant ran the risk of handing over merchandise without knowing if the card would be accepted, allowing him get paid.
Terminals
Enter point of sale terminals in 1979. These were bulkier than what is used today, but they were based on the electronic capture of data used with today's systems. In 1979, MasterCard was the first to include the magnetic information stripe on the back of its cards. Everyone else soon followed. Each step of the way, merchant services sales training services accounts have been working to make the merchant's job easier - and simpler for the customer. That hasn't changed, and today's merchant service accounts can do far more for the business owner than accept credit cards.
Merchant Processing - A Primer
-
david_6366
- Posts: 172
- Joined: Sat Jul 30, 2022 12:13 pm
- Contact:
Merchant Processing - A Primer
Kaminkassetten direkt vom Hersteller - Profi-Flam - Verwandeln Sie Ihren Kaminkassetten offenen Kamin in eine effiziente und ökologische Heizung mit vom Hersteller direkt nach Maß gefertigten Kaminkassetten.