The merchant groups offer business solutions to all of the payment processing needs; however only few of them provide high quality solutions such as transactions through debit card, check guarantee, EBT card processing, credit card, electronic check processing, gift and loyalty cards and e-commerce solutions. A high quality merchant group should be committed to provide their clientele the best payment processing programs and customized solutions to meet their business needs.
The Way Payment Processing Works
Have you ever wondered how a payment processing order works or looked at a payment order diagram. The following steps are mandatory for payment process to complete from the time a customer places order to the point when the merchant’s account is credited.
- The customer places an order by selecting a card.
- The card data is entered into the Point Of Sale terminal of the merchant.
- Merchant securely transfers order information and card data over the internet.
- This data is sent to an acquirer who in turn would route it through the payments system for processing
- The acquirer sends the data to the payment brand such as Visa, MasterCard who in turn would forward it to the issuing bank for authorizing or declining.
- Issuing bank after approval will transfer the money to acquiring bank and acquiring bank credits the merchant’s account.
Speaking of business solutions the state of the art APEXe90 is probably one of the better ones around in the market. In fact it is a great solution for any business since it is easy to use when you want to swipe your transaction this unit can handle it all. With standard features such as 24MB of total memory, an ARM9 processor for FAST transaction and multi applications that can face challenges of competition, you can handle your business transaction effectively. For secure direct pairing the unit has RS-232 port and alternately it can also be enabled with IP and or dial communication. Importantly it has the ability of supporting multiple applications such as Retail, Restaurant and Attended Kiosks. You may go through the web link http://www.apexmg.net/ for exploring products and services. The APEX Merchant Group is headquartered in Plano, Texas 75024. For customer support you may contact the toll free number (888) 330-APEX (2739) or send a mail to cs@apexmg.net