Merchant Credit Card Processing: If You Are In Need Of Money, Seek Out The Best Merchant Rate. Processing Credit Card Strategies If you are starting a business, it is very important to have a small business credit card processing system in place. A credit card terminal is a stand alone piece of electronic equipment that allows a merchant to swipe or key enter a credit cards information as well as additional information for a transaction. These machines can also process gift cards and more. It is most common that these devices must be plugged into an electrical outlet as well as a telephone line. There are now devices that can be attached to smart phones and iphones that accept credit card payments on the go. If engaging in an online store, it is crucial to set up a payment gateway. This will create the allow a business all e-commerce credit card processing. A payment gateway authorizes online payments. Processing Credit Cards It is typical that different companies are used for a merchant account provider and a payment gateway. 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 make it so that businesses can allow customers to pay with a credit cars. There are many different types of payment cards. There is only one way to have an account like this and that is under an agreement. These agreements are established between an acceptor and a merchant bank. Credit card processing is what these agreements allow. Today majority of credit card transactions are sent electronically. Authorzation, capture and deposit is included in the transactions. This is also known as merchant credit card processing. A credit card sale may be represented in many different ways. There must at all times be a way to read the card with a device. A credit card can be read by being manually entered into a card terminal, computer or website. 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.