A Better Credit Card Processing Company provides credit card processing for small business owners throughout the state of Florida. Since people do not carry much cash these days and fewer people write checks, the ability to accept credit cards as payment for goods or services is essential for any successful business. It is equally important, however, for the payment provider to be able to process those sales securely.
Although the entire process takes place in a matter of mere seconds, there is a great deal happening behind the scenes of every transaction. ABC Card Processing Company has both the expertise and the technology to help you manage your sales and your inventory securely and effectively.
How Does Credit Card Processing Work?
When a customer uses his or her credit card online, over the phone, or in person at a card reader (point of sale), the credit card information is routed by the payment processor (A Better Credit Card Processing Company) to the authorization network, which requests approval from the cardholder’s bank.
If the cardholder’s account has sufficient funds and the transaction appears legitimate, the cardholder’s bank approves the sale. The payment processor receives confirmation and then forwards the approval to the device used for the transaction.
If, on the other hand, the customer’s account does not have sufficient funds to complete the transaction or it looks suspicious, the cardholder’s bank refuses the sale and issues a decline back to the device.
As soon as the transactions have been authorized and settled, the acquiring bank (merchant’s bank) collects the payments from the issuing bank (cardholder’s bank) and deposits them into the merchant’s commercial bank account. In this case, A Better Credit Card Processing Company acts as the middleman between the customer’s bank (where the payment originates) and the merchant’s bank (the payment destination).
Payment Processing Technology
Because businesses have different needs, they also need different technology for accepting payments. One of the things that sets ABC Card Processing Company apart is that we offer the latest, most advanced credit card processing technology available.
POS systems are especially important for retail settings and restaurants. While many businesses opt for a main POS terminal consisting of a cash register, computer monitor, and an online credit card processor, ABC Card Processing Company offers a number of options to choose from. Whether your business demands a large POS station, a smaller terminal to conserve counter space, or a handheld device for more mobility and we have the payment solution with the right features for your business.
Mobile Payment Solutions
If you need to take your business on the road, mobile payment technology may be just the thing for you. The Clover Go Mobile Payment Solution processes credit card payments in real time, with an e-receipt generated and sent to the customer via e-mail or text as soon as the transaction takes place. In other words, mobile payment systems allow you to accept and process payments wherever you do business. For this reason, it is perfect for trade shows and field reps when they are out on location.
At ABC Card Processing Company, our POS systems are equipped with EMV technology, which stands for Europay, MasterCard and Visa. EMV cards are smart cards (also called chip cards or IC cards) which store their data on integrated circuits rather than magnetic stripes. EMV is essentially the worldwide standard for credit cards that use computer chips to verify and secure chip-card transactions. For this reason, EMV technology is considered the technical standard for payment processors that can accept chip cards.
Providing Merchant Services to Businesses in Florida
As the premier provider of merchant credit card processing in Florida, A Better Credit Card Processing Company has the payment solutions to streamline your sales process and keep your business running smoothly. Whatever technology your business demands, we can help you find a payment system that fits your daily needs at rates that will not strain your budget.