Credit Card Processing Service: Best Merchants Rates Are What Is Needed To Start Any Business. Merchant Card Processing Experts Now a days most people are not paying for things with cash, so it is important to have a small business credit card processing system. A credit card terminal or machine is a piece of equipment that is available for a merchant to enter information about a card. Gift cards can also be processed through these machines. These machines must usually be plugged into a power supply and a telephone line. Now there are options for smart phones and iphones to insert credit card readers and swipe payments for things. If engaging in an online store, it is crucial to set up a payment gateway. If an online retailer wishes to be successful, they need a payment gateway as well as an e-commerce credit card processing system. A payment gateway authorizes online payments. Mobile Credit Card Processing Usually a payment gateway and a merchant account provider is run through separate companies. Entering a credit card number and providing a place to log on are two major components a gateway provides. This also allows for real time processing on a merchants website. Merchant accounts are what make it possible for a business to not accept cash only. A payment card is usually a debit or credit card. There is only one way to have an account like this and that is under an agreement. The two parties that establish the agreements are a bank and acceptor. The agreement is based around credit card processing. Credit card transactions are usually sent electronically. This will include the capture and deposit as well as authorization. This is also known as merchant credit card processing. While there are more favored methods, there are many different ways to present a credit card sale. There is at all times some way to read the card. Whether by a magnetic strip and read through a terminal or by a computer ship that is magnetically picked up. Credit cards use to only be read by slips, pieces of paper with the information on them. It was also popular to pay over the phone. These two payment options are still available today, they are just overshadowed by the more popular electronic alternatives.