Retail Credit Card Processing

Retail credit card processing is pretty straightforward. Most retail businesses have one or more brick and mortar store fronts where customers go to shop. However, these retail businesses often provide websites that either offer in-store delivery for an item or direct shipping to a customer’s address in addition to their physical location. Therefore, it is necessary to understand a few different types of credit card processing in order to meet the needs of all a company’s customers.

Brick and Mortar Locations

Storefronts are generally set up with a system of multiple POS terminals—through which debit cards and credit cards can be processed for payment. These POS terminals are wired into set locations and run through a connection network to verify and accept or decline the transaction almost immediately.

Some retail stores still have alternate ways of accepting credit cards transactions—in cases where a system in down or the power has gone out—where manual credit card imprinters are used. When this happens, credit card transactions must still be processed either over the telephone—using a touch-tone system, or entered manually into a wired POS system, often by a member of management to ensure security.

Online Storefront

To keep up with trends in advancing technology, most brick and mortar retail locations also have an established website with a virtual shopping cart and check out. These website utilize an online credit card processing system that can either be paid for directly with a debit or credit card or the customer can pay through another web payment processing system—such as PayPal. This allows customers who do time have the access or time needed to visit a physical store location to make their purchases. The ability to make purchases and pay for them online increases sales (customers are shown to spend 25% more per transaction online) and broaden a customer base with shipping options available.

Which Retail Credit Card Processor is the Best?

Creditcardprocessing.tv is a unique review site that has been developed to assist merchants in determining which credit card processing company makes the best fit for their business. At the top of this page are our reviews of the three retail credit card processing companies that ranked highest in their field. Our reviews are based on site uptime (the amount of time the system is up, running and available for use), fee schedule—including cancellation fees and per transaction fees, length of contract, and percentage rates.