The place of business that accepts the credit card is called the “Merchant.” In order to be able to accept credit cards, the Merchant must open a “Merchant Account” with a “Merchant Bank” which is also known as a “Sponsoring Bank” or an “Acquiring Bank.” This is the bank that receives the “Net Settlement Amount” …
For those selling on internet, Internet Credit card processing acts as an efficient business tool when it comes to mode of payment for online goods.Internet Credit card processing allows easy payment of money from customers when dealing in online and thus adding to the business status. Credit card processing for online business is far much …
m-commerce first started with the use of wireless POS (Point Of Sale) swipe terminals and has since then made its way into cellular phones and PDA’s (Personal Digital Assistants). Wireless POS swipe terminals are much more expensive (usually around $700 and up) then regular “wired” terminals which require you to be nearby a phone jack …