For any business purpose, a merchant account is necessary and is

used where the payment transactions are done through credit or

debit cards. The merchant account is connected directly to the bank

account where the funds through business are deposited after every

payment made using a credit card. This bank is the credit card

merchant services provider. If a business accepts credit card

payment, then the business owner should either have a merchant

account of his own or interact with a third party for the processing,

who in turn has a merchant account in a bank. These Merchant

accounts have a transaction charge associated with the payment

made against it.

Creation of a merchant account is also an easy and isdone quite fast by filing up a simple application form.Then the merchant account provider calls up theapplicant and explains the entire process for his betterunderstanding of the process.

Today, along with the basic Credit card machine orcredit card terminals that are mostly used for the creditcard payment, the addition to it is the cell phone creditcard processing. The card is swiped in the slot attachedwith the cell phone in order to read the card informationwhich thus gets fed automatically into the machine.Then the rest of the process is same as it goes throughthe merchant account authorization and validity.Carrying this terminal is easier due to its portability andworks as fine as any normal credit card terminal.

The factors that should be checked for during theswiping are:It should be ensured that the phone line and theInternet connectivity are in proper working condition.

The machine used is preferably small to carry and easyto operate. The pre authorization of the customerthrough his unique PIN is done with security and isassured to fullest.

Today, most of the latest credit card machines canhandle gift cards and checks as well along with a creditor a debit card.

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