Electronic Transfer Credit Card Processing
Nationwide Credit Card Processing since 1989.
Electronic Transfer Credit Card Processing
Free Credit Card Processing Signup! Free Sign Up!
Credit Card Processing

iPhone Credit Card Processing

Information on iPhone Credit Card Processing - If you have any questions about iPhone Credit Card Processing please feel free to ask us!

Advantages of choosing a iPhone credit card terminal payment processing system over a payment gateway

To carry out an online transaction using a credit card, the first thing a website requires is a payment gateway, a payment gateway is essentially a replacement for a POS (point of sale) terminal. Instead of physically swiping the card, a customer enters the details into a website, and the details are then passed on to the payment gateway that then returns a code to let the website know if the transaction has been authorized or not. In fact if required even a POS terminal can also be linked up to a payment gateway.

Donation billing - non profit payments set up

The fact to be noted here is that instead of physically swiping a card, the card details have been entered by a person, who claims to be the owner or authorized signatory of the credit card, there is no way for the website to really know if the person using the card is actually the owner of the card, there is no way to match the signatures, and neither is there an option to view the photo id of the individual to compare it with the photo on the credit card. In essence the online website assumes that the credit card is not being misused. In a perfect world there would be no problem with the system, however the truth is that millions of dollars of fraudulent online transactions are carried out each year.

Today it has become essential for an online business to find more effective ways to combat credit card fraud, and charge backs. iPhone credit card terminal via tayment gateways do not have any inbuilt mechanism for fraud detection, this is where payment processing systems step in, specialized payment processing systems are designed to not only process a transaction, but to also calculate the probability of a transaction being paid at a later time. Agreed there is no substitute for matching a signature or verifying the photograph on a credit card, however payment processing systems have fast become a great tool for fraud detection.

How a iPhone credit card payment processing system works varies from company to company, but the core principle is the same, payment processing systems have access to the past transaction history of the credit card holder, and they also use information like the country of issue to make up a composite of the credit card holder. Each parameter (there are hundreds) is then assigned a certain weightage, the payment processing system then works out the probability of the transaction being paid, or resulting in chargeback. For example, if a person has a repeat history of chargeback then the payment processing system will duly note this, and the chances that the payment processing system will approve the transaction are much lower.

Apart from fraud protection, payment processing systems have various merchant tools that allow an online business to manage its transactions in an effective manner. The advantages of using a specialized payment processing system are vast, and depending on the nature of one's business, an online business should consider hiring a payment processing firm instead of going for just a regular payment gateway.

Non profit credit card processing - Merchant AccountMerchant AccountsInternet Merchant AccountRetail Merchant AccountInternet Non profit credit card processing Credit Card Processing

1. Zero Set Up Fees
2. Live Person Support
3. No Application Fees
4. No Hidden Fees
5. Very Low Rates
6. Over 30 Years Experience
7. BBB A+ Rated
8. Free Fraud Screening
9. Fast Funding to Your Bank
10. We're Nice to You!

1. Free Online Virtual Terminal
2. Free Recurring Billing
3. Free Batch Processing
4. Free Fraud Prevention
5. Free Shopping Cart
6. Free Secure Order Page
7. Free Daily Batching
8. Free Address Verification
9. Free Country Blocking
10. Free Donation Billing

1. Retail Merchants
2. Internet Payment Solutions
3. Memberships
4. Mobile Trade Shows
5. Gov't Agencies
6. E-Commerce Merchants
7. Wireless Merchants
8. Firearms Dealers
9. Auction Merchants
10. Plus Many More!

"When I set up my online subscription service, I searched for a merchant account company with comprehensive credit card processing and found Electronic Transfer. Their merchant account service is great, the costs are very low, and the interface tools are very easy-to-use."
John Edelson
Online Learning & Games

payment processing
Copyright © Electronic Transfer, Inc. All Rights Reserved.

Electronic Transfer, Inc. is a Registered ISO/MSP of Westamerica Bank, Santa Rosa, CA.

Electronic Transfer, Inc. offers merchant accounts and credit card processing to accept Credit Cards. ETI has helped merchants with their Credit Card Processing since 1989 - This web page is about Merchant Accounts, Hypercom, Credit Card Processing, Virtual Terminals, Card-Swipe Terminals, VeriFone, Website Payment Processing, Secure Gateway, Wireless Credit Card Terminals and iPhone Credit Card Systems.