Steps
- This is how telephone credit card processing works: It is simple to use. Dial the 800 number and enter your merchant ID and your customer's credit card information (number, expiration date and amount of sale) using the keypad of your phone. After the verification of all the information and payment particulars at the other end, you will receive an approval confirmation number. Funds will accordingly be transferred to your business checking account in a couple of business days. There is no hassle of sales slips, or deposit slips. You can receive the details of all your completed transactions at the end of each month in your statement. In addition, daily sales activity can be followed anytime using your phone.
- Know what is offered. Telephone credit card processing offers several facilities. You can process all Visa, MasterCard, American Express, and Discover from your phone. If you take your business to trade shows, or have a mobile business, Telephone credit card processing is perhaps the best solution for you. It is perfect for contractors, delivery, craft shows, seasonal businesses, home based businesses, and many more!
- While processing a payment over the phone, make sure that you carefully follow the automated voice commands, and also record the approval number for future reference.
- Learn your alternatives. So, if you?re short on resources and cannot afford new credit card processing equipment or software right now, telephone processing is for you! It will help you make through those initial days of business set up, when sales volume is less and cash flow too is restricted. You can tap on customers who use plastic money, gradually growing your business and client base. Optimum use of telephone credit card processing is sure to prove beneficial!
Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Process a Credit Card over the Telephone. All content on wikiHow can be shared under a Creative Commons license.