Phone Order credit card processing is low cost and simple. You can use a cell phone, a portable phone or even a cord phone to process payments. Phone Order credit card processing is best for seasonal merchants or merchants with low volume sales. The good part is that since you can use your regular phone, you are not compelled to incur the cost of purchasing new equipment.
This is how Phone Order credit card processing works: It is simple to use. Dial the 800 number and enter your merchant ID and your customer’s credit card information (number, expiration date and amount of sale) using the keypad of your phone. After the verification of all the information and payment particulars at the other end, you will receive an approval confirmation number. Funds will accordingly be transferred to your business checking account in a couple of business days. There is no hassle of sales slips, or deposit slips. You can receive the details of all your completed transactions at the end of each month in your statement. In addition, daily sales activity can be followed anytime using your phone.
Phone Order credit card processing offers several facilities. You can process all Visa, MasterCard, American Express, and Discover from your phone. If you take your business to trade shows, or have a mobile business, Phone Order credit card processing is perhaps the best solution for you. It is perfect for contractors, delivery, craft shows, seasonal businesses, home based businesses, and many more!
While processing a payment over the phone, make sure that you carefully follow the automated voice commands, and also record the approval number for future reference.
So, if you’re short on resources and cannot afford new credit card processing equipment or software right now, Phone Order processing is for you! It will help you make through those initial days of business set up, when sales volume is less and cash flow too is restricted. You can tap on customers who use plastic money, gradually growing your business and client base. Optimum use of Phone Order credit card processing is sure to prove beneficial!
Mail Order Business Credit Card Processing |
|
If you run a mail order business and/or take credit card payments over the telephone, you are participating in, what we call in the industry, MOTO Credit Card Processing. (MOTO = Mail Order Telephone Order). Essentially, this means that you collect credit cards in an environment where the customer and credit card are not physically present at the time of purchase. Another term used for this is card not present credit card processing.New MOTO credit card processing options are available with a wide range of card processing equipment and software. VIVA 77 can help you get the processing solution that's just right for your business.You will find useful MOTO credit card processing information in the links below that will help you to start credit card processing by phone and by mail order.
The model below describes how MOTO credit card processing works - step by step.
-
The customer calls or mails in an order to the merchant and provides their credit card information. The merchant enters the card information and sale amount it into a credit card terminal, PC software or payment gateway.
The customer calls or mails in an order to the merchant and provides their credit card information. The merchant enters the card information and sale amount it into a credit card terminal, PC software or payment gateway.
- The processing system connects to VIVA 77’s processor for authorization.
- The processor passes the sale information on to the bank that issued the credit card which checks to see that the card is valid and if the amount requested is available on the account.
- The issuing bank sends an approval number or a decline message back to the processor.
- The information is passed back to the processing system which gives the merchant the approval number and allows them to print a receipt for their records. It takes approximately 3-15 seconds to complete steps 2-5 on a traditional terminal or just a few seconds with a terminal or software connected to the internet.
- The merchant must "settle" their processing sales on a daily basis which begins the final process in the transactions. In most cases the credit card machines can be programmed to settle the account at a specified time each day. The sales proceeds are then transferred from the card issuing bank and are electronically deposits into the merchant's checking account. It typically takes two business days from the time of the original transaction for the funds to reach the merchant's checking account.
|
|
