How Credit Card Terminals Work

The customers card is swiped on either a pos terminal or virtual terminal gateway through the network. Your terminal connects with the processors' computer and then they recognize each other in order to verify and run the transaction. The card information is verified which is card number, date, card number and amount. Then the processor chooses which route it needs to go to either Master Cared, Visa or other major card types you except, which then gives you the authentication in a matter of seconds. Then the information is logged in the processors' computer and then transmitted back to the terminal, in which it then prints a receipt to the customer. Then from the logged information on the processors' database reports are generated and sent to the merchant. Then the processor batches that information and in a few days usually it is electronically deposited to the merchant account.

Credit Card Terminals