Wireless Credit Card Service

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There are two types of wireless credit card services (merchant accounts)...

One type requires the use of special equipment (wireless swipe terminals), which can be either stand-alone units, or a special type of hardware that can be attached to certain cell phones. 

The other type of wireless credit card processing available is one that operates by accessing your merchant account directly from a 1-800 number.

You simply call the number, enter your account number and password, and then follow the automated prompts to authorize and process credit card payments in real time.

Both methods work very well, and both suit different types of business. The primary difference is that using a wireless terminal is meant more for high-volumes of individual transactions per day, and it costs significantly more per month...

Differences and Advantages:

The primary advantage of a wireless terminal is that the merchant can swipe cards and process payments without having to dial a number or key in the CC number manually.

This is ideal for mobile businesses that do a number of transactions per day, where time is a factor in profitability on a small scale. This includes things like pizza delivery, delivery companies, and so on.

However, the "dial-pay" system that requires only a phone is much more ideal for mobile businesses that don't have a large volume of individual transactions on a daily basis, and yet would highly benefit from accepting credit cards on the job, or on location.

This would include examples such as landscape services, plumbers, contractors, real estate inspectors, trade show vendors, and even consultants and attorneys.

The transaction time is slightly slower, but if the business is only putting through a few sales via credit card per day, it can be well worth the savings.

For example, a typical merchant account with a wireless terminal can cost $50 per month and upwards, not including the equipment cost (or lease), "tack-on" monthly fees, minimum charges, transaction fees and the discount rate per sale.

In contrast, using a service like Accept by Phone is only $5.00 monthly, with a 3.95% discount rate per sale.

(Accepting credit cards by phone is a fairly new technology, and typical banking institutions usually don't offer this type of service.)

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