| Merchants...be smart with how you're paying for bank card processing... with the help of PaySmartSM
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PaySmartSM is an independent member of "Agent Alliance Group" with access to
Hello, my name is Steve Thomas...local to Seacoast and Southern New Hampshire, York County Maine plus the North Shore area of Salisbury, Newburyport and Amesbury MA and welcome you to PaySmart SM...a concept that's long overdue in how businesses are charged fees to accept bankcards. I'll share with you what I've learned and how you can benefit by having PaySmart SM take care of your bankcard processing. In most cases I can reduce your expenses with how your customers/clients pay with bankcards. Contact me to find out how you may be eligible to become a PaySmart SM bankcard client to where my goal is to put money back in your pocket.
It all starts with you contacting me...number to call is 603-658-8109 or my Toll-Free number, 888-798-2525 ...or direct email at sthomas@goPaySmart.com
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PaySmart SM is not held captive to any particular processor and in most cases will offer rates far below At PaySmart
SM we represent the merchant and with the benefit of being a member of "Agent Alliance Group" we offer business merchants the fairest rates and personal local service. Merchants...you owe it to yourself to contact me for a quote...call 603-658-8109 or
Use of all material and data is subject to copyright protection Linking to our site is permitted and encouraged email us with your questions at: sthomas@goPaySmart.com |
A transaction begins when your customer (a cardholder) chooses to make the payment for goods or services with his/her credit card or debit card. The customer (the cardholder) or you or your staff swipes the cardholders credit or debit card through the "credit card" machine's (a terminal) magnetic stripe reader.
The issuing bank then verifies the credit or debit card number and checks to see if the requested amount is available on the cardholder's account. The issuing bank either sends back a 6-alphanumeric approval number (an authorization code) or a decline message to the processing system. If approved, the approval response is passed back to the terminal which prints a receipt for the cardholder to sign, and then you (the merchant) check the validity of the signature both on the back of the card and the receipt, and keep the signed receipt as a proof of the issuing bank authorization. This completes the first transaction, but the process is not complete to where the merchant will be paid until completing the second transaction. The merchant must at the end of the business day or at anytime the merchant chooses, even more than once a day if they desire...send the day's processed total to the processor. This second and final step is called, "settle" or "batch out" in the credit card processing industry. Once this total transaction information reaches the processing network, individual transactions are fed back to each cardholder's card issuing banks. Once the issuing banks successfully debits the funds from each cardholder's account, then the corresponding funds are sent to the merchant's bank account. This second step can be done automatically at a convenient time each day for you at no extra cost called "auto close" or "auto batching".