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10/08/2009 -
Rapidly evolving technology is making it easier than ever to find credit card processing systems that are adapted to fit each type of business or service.One of the increasingly popular options - the wireless merchant account - is particularly helpful for businesses that need to process credit cards on the go, such as companies who make sales on the road or at events.
With wireless accounts, the point-of-sale (POS) terminal transmits the credit card information securely through cell phone networks instead of land phone lines, and is usually battery operated.
This technology could enable restaurant servers to close out the check and print the bill right at the customer's table, for example, or allow traveling employees to complete sales while going door-to-door or during trade shows.
To set up wireless payment processing, the first step is getting a merchant account. This can be obtained through banks, third-party providers or independent organizations.
The business must then purchase or lease the wireless POS terminals. Purchasing the equipment tends to save more money than leasing, as it generally avoids rental fees.
In choosing POS terminals, merchants should ensure that the equipment is PCI DSS compliant, and should consider which size and weight is most convenient for the type of business.
