|
Wireless Credit Card Processing
|
Here are the steps to determining you wireless
solution.
-
Review the table
below to determine the best method of "wireless" processing for your
business.
- If you need true real time wireless processing you
must determine the best wireless carrier where you will be using the
terminal. Check out the coverage in your area.
-
Choose your wireless credit card terminal.
|
If you have a mobile point-of-sale and need to process
transactions you have several options.
|
|
Option |
Risky |
Simple |
Fast |
Equip. Cost |
Recurring Cost |
|
1 |
Imprint the card and key it later |
Y |
Y |
Y |
$35 |
Cards that aren't approved |
|
2 |
Imprint and use
Touch Tone processing |
N |
Y |
N |
$35 |
$0.65 per transaction |
|
3 |
Swipe the card in a
Store & Forward terminal. Then approve when a phone line is available. |
Y |
Y |
Y |
$299 to $716
$23.90/mo 4 yr lse |
Cards that aren't approved |
|
4 |
Use a wireless terminal |
N |
Y |
Y |
$950
$36/mo on 4yr lse |
$20/month |
The column label "Risky" refers to whether an approval was
gathered at the time of the sale. As a merchant you are at risk for every
transaction until you receive an approval from your processor. Also, if
the card does not swipe you should always get an imprint. Simple refers to
the all of the "stuff" you have to set up. Fast is the transaction time.
|