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Multi-Merchant Credit Card Terminals
It is common for several different merchants to process using a single terminal. The most common example is a hair salon with multiple stylists, all of whom are independent contractors. In this example each Stylist will be assigned a unique account number. All transactions for each Stylist will be processed under their own account number, and funds will be deposited directly into the business bank account for each Stylist. In this example each Stylist will need to complete a separate application in order to be added to the terminal.
Another example is when two separate businesses share the same physical location. Both businesses can be assigned a unique account number and be added to the same terminal. Funds will be deposited into the appropriate business bank account for each business. This can help save costs by only requiring the use of one credit terminal instead of two. And in this current economic environment every dollar saved is worth pursuing!