How do iPhone transactions work?

Businesses and consumers alike are dialing in to the advantages that the internet has to offer. One of the most recent advantages is the iPhone application whereas you can run credit card transactions through your cell phone. iPhones in general have become more and more popular due to their accessibility and ease of use. The iPhone offers various applications to it’s users. From games to business tools, it seems only logical that someone came up with the terminal application. Keep in mind that the application needs an Authorized.net or gateway system in order for you to be able to accept transactions. You can sign up for an Authorized.net account with BestMerchantRates.Com.

How does iPhone credit card processing application work?
1. You type in the number of the credit card
2. Type in the expiration date
3. Type in the amount to be charged
4. Make sure you obtain the CVV code on the back of the credit card as well as the billing zip code for security purposes.
5. Hit the charge button
6. If your iPhone has printing capabilities, have your customer sign the receipt. If you do not have printing capabilities, you may want to create a document whereas your customer is authorizing the charge. In case of a chargeback, you’ll want to have these documents available.

What other functions does my iPhone offer?
In addition to processing transactions, you can also: void a transaction that has not been settled, refund a settled transaction, or place holds on a credit card. This function is particularly handy for businesses that require security deposits.

If you are a “on-the-go” business, the iPhone might be something you may want to consider.

Posted in Uncategorized on September 1, 2009 by Erika