Accept Credit Cards Over the Telephone
Mail Order/Telephone Payment Processing is a method of accepting someone’s credit card without them being present at the time of purchase. If you have a mail order or telephone business, but haven’t yet set something like this up, it might be a good idea since people are more likely to make a purchase this way with a credit card than with cash.
The Basics of Mail Order/Telephone Payment Processing
- You call or mail in an order with your credit card information.
- The Mail Order/Telephone seller enters your credit card information into a terminal.
- This information is then passed on to your bank, which checks to see that your credit card is valid and that you have enough money to pay for your purchase.
- The bank either approves or declines your purchase.
- If you are approved, the Mail Order/Telephone seller is notified and you may be emailed a receipt to confirm your approval.
- The money for your purchase is deposited in the Mail Order/Telephone seller’s account.
To learn more about the basics of Mail Order/Telephone Payment Processing, contact us today.
Helpful Hints on Mail Order/Telephone Payment Processing
- Don’t wait. It doesn’t take long to set up your Mail Order/Telephone Payment Processing, but you should open your account with enough time before you plan on using it.
- Contact the pros. It’s better to consult Mail Order/Telephone Payment Processing experts, such as Prime Merchant Services, to help set up your online credit card processing so that you’ll get up-to-date advice, software, and the best costs available.
- Know what you’re paying. You should question any fees that look suspicious once you get your approximate cost for your Mail Order/Telephone Payment Processing account. Make sure to jot down a list of questions you have before paying anything.
- Get quoted for the right account. Mail Order/Telephone Payment Processing and Retail/Restaurant Payment Processing (link) are different. Retail accounts typically have higher fees. If someone quotes you a Mail Order/Telephone Payment Processing rate lower than 2%, it’s likely that you’ve been misquoted.
Click Here to Set Up Your Mail Order/Telephone Payment Processing
If you have additional questions about Mail Order/Telephone Payment Processing, Contact Us or visit our Mail Order/Telephone Payment Processing FAQ page.
