Topic: How to accept credit card payments over the phone in 2021
Credit cards have made the lives of business owners a lot easier, as now you can easily accept your credit card payments over the phone. Debit and credit cards have become universal. It has become a need of time, as everyone now prefers to make their payments online. It has become crucial for most small enterprises to accept payments online. It is just an added cost for your small business to set up a card reader at the point of sale and partner with a credit card processor. But have you ever wondered that how you’ll cater to the needs of your customers if they don’t want to rush to the point of sales to make payments?
Today, all the businesses from small eateries to retail shops prefer to take orders online. To increase customer satisfaction and boost the sales most businesses take orders online through the phone. It is a highly card-centric society, and any venture which doesn’t follow the new trends there exist high chances that it may lose all of its customers. This guide is very helpful for such business owners who are looking for ways which tell how to accept credit card payments over the phone in 2021. Read more about How to accept credit card payments over the phone?
Entering card numbers on your credit card terminal: I will not go into the more complicated methods to make things sound harder than they are in reality. One of this most simple and basic ways to accept a credit card payment over the phone is to ask your client about his card number, CVS code, and the expiry date. Once you receive this information, you can enter it into the credit card terminal at the POS. Read more about How to accept credit card payments over the phone?
Entering card numbers on your mobile credit card processing application: Another fool-proof way to accept payments online is to download the credit card processing application through the playstore. Once the application is downloaded on your phone, you can enter the customers information and they can transfer the payments to your respective account in a single click. Read more about How to accept credit card payments over the phone?
Entering card information using a virtual terminal: Last but not the least, you can enter the customer’s information into the virtual terminal. A virtual terminal is a web-based credit card processing mobile app. You can reduce a major chunk of your added costs by using the virtual terminal. Read more about How to accept credit card payments over the phone?
Through level 2 and level 3 processing, you can determine if the information provided by the client is genuine or not. Because sometimes the customers provide fake info and you can get into trouble, but through this app you can extract additional info which caters to the validity of the transactions made, which in-turn cuts down the costs. To avail this offer, you’ll have to pay minimal monthly charges. But it is totally worth it as now, you’ve a mean to handle all of the cranky customers. Read more about How to accept credit card payments over the phone?
Mobile credit card readers: One of the new methods is accepting payments through the card readers. You can connect these readers to your phone through the phone’s headphone jack or by using the Bluetooth. These readers encrypt and transcript the payments to the processor, when you accept a transaction amount. A major advantage is that you don’t have to worry about any sensitive data stored on the mobile phone. After the payments are credited by the client, the payments are directly transfer to your bank account, which you’ve provided upon signing up, after deducing the processors fee. Read more about How to accept credit card payments over the phone?
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