Authorize.net has now partnered with a company to help 250,000 merchants to sell and buy goods through the use of mobile phones. Authorize.net has already invaded the mobile phones to provide easier and convenient experience to their customers. Through the use of mobile phones, they have the software called ‘the Payment Gateway’ and can also provide CRM platform for mobile users.

Mobile Merchant Account with Authorize.net

Through this, merchant mobile users can also manage their entire account statement, purchase pages, and a collection of credit card information. This service is based on off-deck credit card-billing which helps the merchants to arrange their credit card information and transactions everywhere and anywhere through the use of their mobile phones. The reason for Authorize.net to invade mobile phones is because of the growing needs of platforms in credit card managements. Also, the number of their clients is growing which pushed them to divide their services to other platforms.

This service can lessen the traffic in internet transactions and their customer support can get more in touch with their customers. As of now, Authorize.net is still planning and thinking of other platforms to make their invasion wider. Because of the new companies that also offer the same service, they need to come up some new services which are innovative. Unlike before, they have greater competitions with other companies and according to them”they take it as a challenge”. They also use it to be more motivated in providing quality services to their present and future customers. There are also other popular merchant account providers which are also racing in making innovative advancements like what the popular company PayPal just did.

PayPal vs. Authorize.net

PayPal is now considered as the great rival of Authorize.net in providing merchant account services. PayPal also provided convenience on its customers by providing mobile services to let their customers manage their respective accounts through the use of mobile phones. Mobile phones are indeed one of the gadgets that are widely-used because of its convenience. Because of these, Authorize.net and other companies thought that it would be better to provide their services through the use mobile phones.

The Harbortouch Point of Sale (POS) System is designed with the features and capabilities you need to manage your retail or hospitality business. This advanced point-of-sale solution will automate your daily management activities so you can concentrate on keeping your customers satisfied and spending!

Just like the cell phones, this system really is free.  Estimated value is about $6,000 for a complete pos system.

In order to accept credit cards with your iPhone, you need the following:

1. Merchant Account 2. Authorize.net Gateway 3. ProcessAway Software

All three of these items are provided with no upfront cost at www.ProcessAway.com

The iPhone is such a powerful device. Who ever would have thought you could turn a cell phone into an iPhone credit card terminal. It’s very simple to use, and makes accepting credit card payments a breeze with ProcessAway, Authorize.net and your Apple iPhone!

In a normal credit card transaction, cardholder submits his/her credit card billing information at the Point-of-Sale terminal while making a purchase. These details are transferred to the acquiring bank that validates the transaction. Once the transaction is validated and accepted, the acquiring bank sends the information back to the merchant and the sale process gets completed. Meanwhile, acquiring bank sends the credit card information submitted by the cardholder to the card issuing bank on behalf of the merchant for clearance of funds. Issuing bank validates the transaction and deposits the funds with the acquiring bank. After deducting the charges, the net transaction amount is deposited into the merchant’s checking account. Chargeback happens when this process gets disrupted. Chargeback, as the term indicates, is a transaction where the amount credited or to be credited into your merchant account is reversed or held back. This usually happens when a cardholder challenges a particular transaction that has been made by him/her and submits a request to the card issuing bank not to clear the transaction amount. Subsequently, the transaction details submitted by the acquiring bank are sent back and further clarification is sought from the merchant. For this entire processing to happen, the bank charges the merchant certain fees known as chargeback.

Chargeback occurs due to variety of reasons. Some of these reasons include:

• If the customer feels that the quality of goods purchased is disputable or the amount charged on the credit card was not correct, he/she can stall the transaction.

• Chargeback might also occur when the customer feels that there were certain processing errors that have occurred at the time of transaction.

• Fraudulent credit cards might also be a reason for chargeback. Also, chargeback can happen when the cardholder stops the transactions due to malicious intentions.

• Chargeback can also happen if the authenticity of the cardholder is not established due to lack of proper authorization or when the merchant is unable to submit a retrieval request.

Apart from these, there are several other reasons due to which chargeback happen. Merchants willing to introduce credit card processing terminals at their outlets must compulsorily know about ways of chargeback prevention. Or else, merchant might either lose hundreds of dollars towards paying chargeback fees or get entangled in complicated customer disputes.