Wireless Merchant Account

The Wireless Account is designed for mobile merchants who prefer the benefits and convenience of using a wireless point-of-sale device for processing transactions. Using a wireless POS terminal allows a wireless merchant to enjoy lower discounts rates and transaction fees by processing sales when the card is present. In addition, using a wireless POS terminal allows a retail merchant to accept ATM/debit cards and check guarantee. Store and forward when no radio reception.

Wireless 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 Wireless Credit Card Processing Works

1. The merchant will slide the customer's card through the wireless credit card terminal and enter the amount. Using a technology similar to a cell phone the terminal will connect to a radio tower and send the credit card information and amount of the purchase.

2. The transaction information will then be routed to Access Finance's processor.

3. 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.

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

5. 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 8-12 seconds to complete steps 1-5.

6. 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

We are more than happy to answer any question that you may have.