Wireless Credit Card Processing 101
Wireless credit card processing helps reduce the risk of non traditional merchants enabling them to sell anywhere, anytime and anyplace and still swipe credit and debit cards. It allows for a merchant to connect via cellular signal to process a swiped credit card from any location that a signal can be obtained. This has enabled merchants that used to take manual imprints of credit cards and paid card not present rates to finally have qualifying transactions.
Wireless processing is the perfect solution for:
- Taxi Services
- Limo Services
- Public Transportation
- Accountants
- Conventions
- Trade Shows
- Pizza Delivery
- Pay at the Table
- General Delivery Services
- Sporting Events
- Farmers Markets
- Flea Markets
- Festivals
- Recreation Parks
- Corporate Catering
- Fundraisers
- Seasonal Kiosks
- Firework Stands
The wireless terminals range in price from $600-$1000.00. You have 3 options for providers of cellular service to ensure that you have coverage where you need it. The provider for GPRS terminals is Cingular, the provider for Mobitex terminals is Velocita, and the provider for CDMA terminals is Sprint. Most wireless gateways fees with the cellular will be around $25 per month and $0.15 per transaction.
Although the terminals are more expensive and there is an additional gateway fee, it comes off more economical in the long run. Since there will be no transactional downgrades from manually keying transactions you are saving yourself at least 1% of your monthly processing volume. You are also reducing risks of chargebacks (unauthorized use/fraud claims) by swiping the cards.
How does this effect your PCI Compliance?
Since you are eliminating the need for manual imprints and storage of cardholder data you are taking the first step in compliance. When choosing a provider for wireless processing always ask for proof that the wireless gateway is PCI Compliant. Although the gateways have to become certified, the burden of PCI compliance falls on the merchant and merchant service provider.
At BankCard Central we have been accommodating wireless customers for almost a decade. We will find the right terminal, and service plan to provide you with the best wireless solution for your business. We will also make sure that your terminal meets the Payment Application Best Practices (PABP) criteria and your wireless gateway is PCI Compliant.
For more information please contact the Sales department at BankCard Central 800-745-7220.
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