Credit Card Processing Service: Best Merchants Rates Are What Is Needed To Start Any Business. Mobile Credit Card Processing To-do's 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. These machines can also process gift cards. 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. This will create the allow a business all e-commerce credit card processing. A payment gateway is an ecommerce service that can authorize online payment. Wireless Credit Card Processing A merchant account provider is usually through a separate company than the payment gateway. Entering a credit card number and providing a place to log on are two major components a gateway provides. This will allow a merchant to accept payment in real time. Merchant accounts make it so that businesses can allow customers to pay with a credit cars. Payment cards are known as charge 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. The agreement is based around credit card processing. Today majority of credit card transactions are sent electronically. Authorzation, capture and deposit is included in the transactions. 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. Over the phone payments were also popular. These two payment options are still available today, they are just overshadowed by the more popular electronic alternatives.