Mobile EFTPOS Transactions
Go to: Previous Article Next Article
Mobile EFTPOS allows many benefits and lets a business receive payment when a customer doesnt have cash on hand but has a debit or credit card. However, for businesses on the move, an EFTPOS solution sitting on a counter back at the office isnt much good.
A technician can, for example, make a service call, invoice the customer and receive immediate payment rather than manually imprinting the customers credit card, which requires the business to get the paperwork to the bank or to enter it electronically at a later time, and which carries no guarantee that the charge will be authorised.
Not only are the charges higher but there is also a potential risk element to the transaction. With mobile EFTPOS, the processing can be done immediately. Importantly an EFTPOS solution supports debit cards, which cant be processed manually and manual terminals pose a security risk .
Alot of alternative phone options are not able to process Debit Card transactions either. This is usually around 40% - 50% of the total Eftpos transactions, and usually a much cheaper transaction option.
From the customers point of view, there is an increasing wariness of manual credit card processing systems. This is because they display the customers credit card number on all copies of the dockets, which isnt the case with electronic solutions.
The process of handling a transaction using a mobile terminal is similar to a standalone EFTPOS transaction and far more secure for all parties concerned.
The process of handling a transaction using a mobile terminal is similar to a standalone EFTPOS transaction and far more secure for all parties concerned.
Article Source: Articlelogy.com
- Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Canada Cards, Low Interest Cards -
Word Count: 279
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
