How To Shop For a Merchant Account Provider

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Restaurant Merchants: requires a special set-up that allows for tips to be added to the final sale amount by settling the transaction with an adjusted price that will include the tip amount.

Wireless / Mobile Merchants: needs to have the ability to accept credit cards transactions wherever they are located out on the road. They use wireless terminals or mobile phones to run these transactions in "Real-Time".

Hotel / Lodging Merchant: will authorize a customers credit card for a certain sale amount and then depending on length of stay or additional services rendered, will adjust and settle that transaction a day or more later.

"Keyed" or "Card-Not-Present" merchants how to be a credit card processor indirectly collect their customers credit card information in a non face-to-face environment. Depending on their type of business and technology, these transactions can processed in many different manners. The sub-categories within this group include:

Keyed-In Face to Face Merchants: these type of merchants do not process a credit card transaction with the actual card or customer present. The generally take orders via over the phone, fax, email or Internet and then manually key-enter the cardholders information through a terminal or payment gateway. They then deliver their product or service to the actual customer face-to-face.