Credit card processing has become an ease for customers and an advantageous tool for business owners. Credit card processing does not just add to the status of a business, but is also the best way to increase the sale of any business or trade. The array of benefits makes business and credit card processing go hand in hand.
Credit card processing is a process where customer gets to pay for his/her payment by simple swiping of its credit card through a credit card processing equipment or machine. The whole procedure of credit card processing to complete a money transaction consist of a network of credit card holder, credit card provider and the trader or merchant account holder.
Before owning a credit card processing service to facilitate a business with series of advantages and bonuses, a trader or a business owner needs to open up his/her merchant account. This merchant account allows a business to provide its customer with the quick mode of money transaction. In business, two kinds of merchant account are available i.e. OTC (over the counter) and MOTO (money order/telephone order). Out these two, OTC is the kind of merchant account suitable for a land based...
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