{"id":4223,"date":"2017-04-06T14:35:21","date_gmt":"2017-04-06T18:35:21","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=4223"},"modified":"2017-04-06T16:16:12","modified_gmt":"2017-04-06T20:16:12","slug":"payment-types-categories","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/payment-types-categories\/","title":{"rendered":"Payment Types And It’s Categories"},"content":{"rendered":"

Payment types and it’s categories<\/strong><\/p>\n

The two main category types when it comes to credit card processing are swiped and keyed<\/strong>. Card present or card-not-present<\/strong>.<\/p>\n

Swiped or card present transaction <\/strong>\u2013 merchants do a face-to-face transaction. A merchant can capture card information by dipping the chip or swiping the card in the terminal or POS. Merchants directly interact with a customer so the risk is low.<\/p>\n

Card-Present Sub Categories:<\/strong><\/p>\n

Retail Merchants <\/strong>– conduct transactions face to face in a retail environment.<\/p>\n

Face to Face (mobile)<\/strong> – this type of merchant is typically on the go, such as a vendor at a trade show. You can use a service like converge mobile that allows you to take the information in person.<\/p>\n

Restaurant<\/strong> \u2013 the same as retail merchants, the difference is they may require the ability to add tips to their charges.<\/p>\n

Lodging –<\/strong> processes their transactions like retail merchants except they may adjust the settlement amount depending on the customer’s length of stay.<\/p>\n

Keyed or card-not-present are high risk, <\/strong>because merchants indirectly collect customers card information, and can process transactions in various ways.<\/p>\n

Card-Not-Present Sub categories:\u00a0 \u00a0<\/strong><\/p>\n

Internet\/Ecommerce<\/strong> – conducts business through a web site by utilizing a shopping cart and an Internet payment gateway service. The payment gateway then collects the credit card information and processes it in real time.<\/p>\n

Mail & Telephone Order (MOTO)<\/strong> – typically take the customer’s credit card information over the phone, by mail or through the Internet. They then manually process the transaction by keying it into either a credit card machine or through a virtual terminal such as Converge.<\/p>\n

Talk to our payment consultant to know the best solution for your business.<\/strong><\/p>\n

NationalTransaction.Com<\/a> 888-996-2273<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Payment types and it’s categories The two main category types when it comes to credit card processing are swiped and<\/p>\n

Continue Reading<\/a><\/div>\n","protected":false},"author":2,"featured_media":4226,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[1008,412,21,608,683,222,27,1009,75,2990,130,457],"class_list":["post-4223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-practices-for-merchants","tag-card-present","tag-card-not-present","tag-credit-card-2","tag-customer","tag-ecommerce","tag-merchants-2","tag-payment","tag-payment-gateway","tag-pos","tag-swiped-and-keyed","tag-terminal","tag-virtual-terminal"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/4223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=4223"}],"version-history":[{"count":5,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/4223\/revisions"}],"predecessor-version":[{"id":4229,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/4223\/revisions\/4229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media\/4226"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=4223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=4223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=4223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}