Flexible Payment Options With Telephone Credit Card Processing

Shopping and paying bills online may be a convenience that is increasingly used in today's market, but telephone credit card processing is still a widely used form of accepting payments. As today's technology continues to develop, so does the ability to accept credit cards and debit cards through the telephone, making telephone credit card processing just as simple and efficient as online or card-present transactions.

Traditional payment processing for Mail Order Telephone Order (MOTO) transactions is still a necessity for many businesses, while IVR (Interactive Voice Response) systems make it easy for consumers and merchants alike to manage accounts via telephone. And as the mobile phone becomes more powerful than ever, mobile telephone credit card processing is on the rise. Read on to learn more.

MOTO Telephone Credit Card Processing:
For many businesses, the use of catalogs and telemarketing still plays a major role in increasing profits, making MOTO processing solutions crucial to their payment process. Customers who are still hesitant to enter their credit card information over the Internet, or who may not be Internet-savvy, continue to rely on traditional forms of card-not-present transactions, such as receiving a catalog in the mail and simply calling the company to place an order.

With a secure virtual terminal, you can provide flexible payment options, including MOTO transactions. Virtual terminals allow you to process credit card transactions by manually entering credit card information from any computer with an Internet connection. Batch upload features simplify the process even further, so you can enjoy an efficient, streamlined payment process.

IVR Telephone Credit Card Processing:
IVR refers to the ability to make payments, process payments and manage accounts through the convenience of a touch tone phone. The IVR system increases customer service and convenience, minimizing hold times waiting to speak to a representative and allowing customers to make payments on their own, with the simple touch of a button. In addition, IVR systems help merchants reduce costs, providing the convenience and efficiency of mobile processing without the hardware and maintenance of mobile software. This is especially ideal for merchants who wish to accept credit cards on the go.

Mobile Telephone Credit Card Processing:
Mobile processing is the ultimate in telephone credit card processing capabilities, allowing merchants to accept credit card and debit card payments from their mobile phones, wherever they go. Many mobile processing applications require little or no hardware installation, so merchants just need to download the appropriate software or application and start significantly reducing costs immediately. With mobile processing, merchants can accept credit cards, e-mail receipts, manage their accounts and check reports through their mobile phones.