MERCHANT

| RETAIL | Wireless | Touchtone | MOTO | Internet/Virtual Terminal | Internet/Ecommerce | Equipment |

Retail Merchant Account

The Retail Account is designed for merchants who sell goods or services in a retail storefront, are able to see their customers face-to-face, and prefer using point-of-sale (POS) equipment. Using a POS terminal allows a retail merchant to enjoy lower discount rates and transaction fees by processing sales when the card is present. In addition, using a POS terminal allows a retail merchant to accept ATM/debit cards, utilize check guarantee and electronic check acceptance.

Retail Merchant Account includes:

  • Online customer service

  • Ability to reconcile deposits

  • Ability to retrieve deposit information

  • Detailed reports of charge back and retrieval histories

  • Prompt answers to questions submitted via e-mail

How Retail Credit Card Processing Works

  1. The merchant will slide the customer's card through the credit card terminal and enter the amount. The terminal will then dial a toll free number and connect to Access Finance's processor for authorization. Once the terminal has connected it will send the credit card information and amount of the purchase.

  2. Access Finance's processor will then pass that information onto the bank that issued the credit card. The issuing bank will then check to see if the card is valid and see if the amount requested is available on the card and set aside the amount of the purchase for the merchant.

  3. The issuing bank will send back an approval number or a decline message back to Access Finance's processor.

  4. That information will then be passed back to the credit card terminal which will then print a receipt for the customer to sign if the card is approved. It will take approximately 12-15 seconds to complete steps 1-4.

  5. At the end of the day the merchant may manually "settle" their terminal which will begin the final process of the transaction. In most cases Access Finance can automatically settle the transactions at a specified time each day. Once the settlement process is initiated the funds will be transferred from the card issuing bank and Access Finance will electronically deposit them into the merchant's checking account. It typically takes 2 business days from the time of the original transaction for the funds to reach the merchant's checking account.

 

For more information on wireless credit card processing call us at 818-714-2300, email us at  access@accessgrouponline.com or apply online


 

  
 

How To Apply 

Call (818) 714-2300 or apply online and an Access Finance representative will contact you so you can begin accepting credit cards

 

Access Finance can offer state of the art equipment. We have everything you need! Ask your sales representative and he will guide you based on your needs.

 

Payment Services

Credit Cards - Accept all credit cards, including Visa, Mastercard, American Express, Discover, Diner’s Club/Carte Blanche, and JCB.

ATM/Debit* - A convenient way for your customers to pay in which funds are automatically deducted from your customer’s bank account.

Check Guarantee - Automatically warrants the full face value of any approved check.

ECA (Electronic Check Acceptance)**- Converts paper checks into electronic items at the point of sale and not only guarantees these items, but also guarantees they will be automatically deposited into your account - usually within 48 hours.

EBT (Electronic Benefits Transfer) - An electronic system that allows a recipient to authorize transfer of their government benefits from a Federal account to your account to pay for products purchased.