PAYware Mobile iPhone Credit Card Processing

The PAYware Mobile iPhone credit card application and reader make payments possible anywhere your iPhone can go. The reader makes every payment a card-present transaction, reducing your merchant account bill significantly. Plus our merchant account for PAYware mobile has the cheapest rates you'll find anywhere.

Why the getting an iPhone credit card swiper is better than a normal application:

** We have the lowest merchant account rates, guaranteed! **

If you find any lower rates, we'll beat them. But good luck finding lower rates than ours!

iPhone application to accept credit cards

Using a swiper lowers the cost of accepting credit cards by eliminating higher rates from 'Card Not Present' transactions.

iPhone mobile payment processing terminal machine

The reader automatically encrypts credit card data so that your customer's account data is never stored on the iPhone, reducing liability.

Never key-in or write down credit card numbers again. The process is swift and error-proof, making each transaction a breeze. iPhone PAYware merchant account swiper application sleeve

Never key-in or write down credit card numbers again. The process is swift and error-proof, making each transaction a breeze.

iPhone credit card terminal swiper machine

Verifone, the maker of PAYware, is the biggest and most trusted manufacturer of credit card processing machines in the US.

iPhone PAYware credit card processing merchant account

..are awesome. We flaunt them because we know how low they are compared to the competition and we want you to know exactly how much you will be paying.

Eight Ways to Save Money – Method #5

Settle Batches On Time

First lets start with some key definitions:

Batch – The
accumulation of captured credit card transactions in the merchant’s terminal or
POS awaiting settlement.

Settlement – The process of sending a merchant’s batch to the network
for processing and payment.

Many merchants are unaware they have to settle transactions
or batches with in a specific amount of time after authorization to avoid
downgrades. The maximum period varies depending on your type of business,
transaction type and method used to capture the transaction. Most
transactions have a period of two days to be settled. However, there are
exceptions such as a business set up to transact mostly Card Not Present (CNP)
transactions involving the shipment of goods. These businesses have seven days
from the date of authorization to submit settlements before downgrades begin.

The general rule is the longer you wait to settle your merchant account the
more likely downgrades are. Downgrades always result in higher fees and
less profit for the business.

What You Can Do

Ask your payment processor to help you understand the cutoffs for the most inexpensive settlement periods for the type of transactions your business typically has.
Because settlement periods can vary, make it a habit and a standard operating procedure to batch and settle transactions as soon as possible after authorization. Most of my clients are set up for auto settlement at the end of each business day. If you are not shipping times days after the authorization I suggest setting your terminal or POS for automatic settlement commonly called "auto batching."
Periodically verify your phone/data lines on your terminals work correctly. Malfunctioning data lines can sometimes result in settlements being held up beyond the expected settlement window.

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Posted on December 1st, 2007 by Robb Lejuwaan in Interchange, Merchant Account

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PAYware Mobile iPhone Credit Card Processing

Information and reviews for iPhone merchant account applications and swipers

If you prefer an iPhone credit card processing application other than PAYware mobile, we will give you a $50 iTunes gift card if you sign up with our merchant account. However, PAYware Mobile is the only application on the market with a credit card reader or swiper.