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Credit Card Processing

Studies show that credit card customers spend 2 1/2 times more than customers who only carry cash. Accepting credit cards can increase sales by as much as 40%.

Sponsored by PaynetSystems,Inc
www.paynetsystems.com
A Credit Card processing and Merchant Services provider
Paynet Systems is a registered Merchant Service Provider of Wells Fargo, NA

Tuesday, September 21, 2004

Touch-tone Telephone Processing

Touch-tone phone processing is a low budget processing method for low sales volume and seasonal merchants. This solution can be both used mobile via a cell phone or back at the office on a regular touch-tone telephone.

How touch-tone processing works?
Ideally a Touch-tone Telephone processing requires you to dial an 800-number from your touch-tone phone, you are then connected to an interactive voice response unit. You will then enter in your merchant account number. You will get this number when you first sign-up for touch-tone processing. Enter your customer's credit card number, expiration date and amount of the sale using the telephone keypad. On approval of the transaction, the transaction is held for settlement which will automatically be completed every night. The funds are then electronically transmitted to your business checking account, at your local bank, anywhere within 48-72 hours. Its as simple as this, no sales slips to mail or depositing credit card drafts at your bank. You will receive a monthly statement in the mail outlining the details of your credit card processing activity. Anytime you want you can access batch totals and track your daily activity from any touch-tone phone.

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