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Friday, October 24, 2008

Touch Tone Payment Processing

An alternative method to wireless credit card processing is Touch Tone Payment Processing; this is a low cost effective way for lower volume merchants to accept credit cards.

Here is how it works, from a telephone the merchant dials a toll free phone number, enters their merchant ID number and then the card information. Once approved, the credit card transaction is captured and held for settlement which automatically occurs each night. The funds are electronically transmitted via the Federal Reserve's ACH system to your business checking account at your local bank within 48 to 72 hours.

There are no sales slips to mail or time consuming trips to the bank to deposit the credit card slips.

Touch Tone Payment Processing is perfect for these merchant types:
  • Firework Stands
  • Craft Show Merchants
  • Trade Show Merchants
  • Christmas Tree Farms
  • And many more business types


© Eagle Merchant Services is a Chicago merchant services area merchant account provider offering touch tone payment processing solutions.

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