Credit Card Processing Pensacola FL

Credit Card Processing Made Easy

Every small business needs a way to accept payments. Today, most of those transactions are with a credit or debit card. At Gateway Payments, we take the stress out of credit card processing. We offer our clients great solutions for end-to-end payments and all manners of financial management for your small business. Pensacola credit card processing has never been easier than with us.

You work hard in your business every day. There’s so much to know and keep track of, and you want the simplest systems available, and you want them right now. If you are interested in accepting credit card payments for your small business and don’t know where to begin, you have come to the right place. The experienced team at Gateway Payments make Pensacola credit card payment processing easier than ever.

What Is Credit Card Processing?

Credit card processing involves a series of operations required to complete payments made with a credit or debit card. These payments can be made in person, online, over the phone, or even by mail.

Who Is Involved in Credit Card Processing? 

When you offer over your credit card for payment, you, the consumer, are one of several entities central to a credit card transaction. There are any number of parts to a Pensacola payment processing transaction, including:

• Consumer. The individual making the purchase.
• Merchant. That would be you.
• Payment Gateway. This technology connects a merchant, such as your small business, to a payment processor. The gateway captures payment details for customer transactions and routes them to a payment processor or a merchant bank. This is where you get the “approved” or “declined” message.
• Credit Card Processor. This processor is the go-between for the merchant, the credit card network, and the cardholder’s bank. Processors are responsible for maintaining compliance with the Payment Card Industry Data Security Standards. (PCI DSS).
• Card Network. This is the brand of a customer’s credit card, such as American Express, Discover, Visa or Mastercard.
• Issuing Bank. This is the bank that provides the customer with their credit card.
• Acquiring Bank. This is the bank the merchant uses to hold their business funds and receive money from credit card transactions.

You may be thinking that all Pensacola payment processing companies are alike. Still, there are always differences which each company may offer. You want a merchant service provider local to the area that can provide you with various POS systems for your small business.

The Credit Card Process and How It Works

Pensacola credit card payment processing always begins with the consumer. Your customer initiates a payment using their credit card, and this information is then shared with the merchant.

Your small business will then accept and collect the payment information in one of two ways: in-person, known as a “card-present” transaction, or online, which also includes telephone “card-not-present” transactions.

From here, the payment information is sent to the credit card processor, who then sends it to the card network. The card network passes the payment information to the consumer or issuing bank.

From there, it is up to the consumers bank to verify that the cardholder has sufficient funds or credit to complete the transaction. For Pensacola online credit card processing or any transaction by credit card, the transaction is either approved or declined as communication moves through the credit card processor. There are three common reasons a transaction will be rejected:

• insufficient funds
• credit limit reached
• unauthorized purchase (card is lost or stolen)

Once notification passes through verification points, the virtual terminal then tells the merchant whether the transaction is approved or declined. The final step in the entire Pensacola credit card processing for small business is settlement. Settlement officially transfers transaction funds from the consumer bank to the merchant bank.

For Easy Credit Card Processing in Pensacola Contact Us Today

We work with over 400 merchants in the Pensacola area and give each one our 24/7/365 support. We have a proven reputation, no contracts, offer cost-free pricing programs and give you the most up-to-date technology available.

Pensacola credit card processing companies are not all the same. If you are looking for Pensacola’s experienced and proven credit card processing, look no further than our merchant services. We know credit card operations inside and out. Our Cash Discounts, Mobile Payments, Gift & Loyalty Cards, POS Systems and Credit Card Processing are all made with you and your small business in mind.

If you want to save time and money, all while streamlining your business, give us a call today. New customers are right around the corner with your new credit card processing system.