Credit Card Payment Processing

Credit card payment processing is the handling of transactions from credit cards by a company that is appointed by the merchant. Credit card payment processing should be processed quickly, safely and in a cost-effective way.

Credit Card Payment Processing in Houston

How Credit Card Payment Processing Works

To best understand how credit card payment processing works, it is easiest to start with the Life of the Transaction. This process has two (2) phases: the first one is the Authorization phase and the second one is the Settlement & Funding phase.

During the Authorization phase, details are automatically forwarded from the merchant’s POS device to the payment processor, then to the customer’s card issuing bank for verification and availability of funds. Once the payment details have been verified and approved, the information is relayed back to the merchant, who then completes or denies the payment. This operation is completed by the payment processors and takes a few seconds (depending on the connection type available at the business location).

During the second phase, additional financial institutions are involved and deposit of the funds collected by the merchant may take 24 to 48 business hours, depending on the time of the settlement (high risk businesses are typically an exception – contact your representative for more details). Funding will not occur without settlement (manual or automatic, based on the merchant’s preference).

For additional questions and details about the Life of the Transaction, you should be able to reach out to your payment provider, who should be willing to offer you as much information as needed, in order to allow for a thorough understanding. Better understanding leads to better payment acceptance habits (including potential avoidance of increased fees, for maximization of monthly savings).

Accepting Credit Card Payments Increases Success

In order for a small business to flourish, its customers must be provided with a convenient sales experience. Credit card processing provides the platform of convenience that a business needs. Allowing credit card payments also reduces the costs of accepting payments, as it minimizes paperwork and collection efforts.

Payment Processing Company in Houston

For any type of business, our credit card payment processing solutions will ease managing the specialized concerns of your industry and help you stay ahead of your competition. You may be paying more than you should in credit card processing fees. Let TransNet assist you in optimizing your business payment acceptance experience while maximizing your ROI and securing your customers’ credit card data.

Fast, Flexible, And Secure Credit Card Payment Processing

TransNet Credit Card Payment Processing Benefits

  • 24/7 customer service
  • Technical support with initial installation
  • Continued technical support after installation
  • Online access to real-time transactions
  • Deposits into your account within 24-48 hours
  • Lowest rates available on the market
  • Complimentary business consulting
  • Accessibility to cash advances for your business needs
  • Consistent support from a professional and dedicated team
  • Best value on the market for convenience, cutting edge technology, and high-quality services

For any questions about credit card processing, call TransNet Enterprises (844) 329-1136.