The wireless credit card machines process credit card purchases just like the point of sale registers at retail locations, convenience stores and gas pumps. They accept all major credit cards and transactions are processed within 24 to 48 hours. One advantage to using the wireless machine is it saves the merchant the purchase of a point of sale system necessary to process purchases. This kind of mobile commerce allows the merchant to use the screen of the wireless credit card machine to process the transaction. Merchants save the cost of wire, cable, and phone jack installation that comes along with the installation of the familiar stable sales units located at the checkout. Wireless devices save on space and the building of counters and cabinets.
Service providers on the move, like lawn care businesses, cleaning services, towing companies, and even food delivery services can accept payments on site and need not worry about having the correct change or keeping up with checks. Not having to accept cash only for a payment can add another dimension to customer service and satisfaction.
Wireless credit card transactions do require a service provider for the wireless connection and a data processing company to process the payments the same as the e-commerce payments. Both of these providers charge a monthly fee. The wireless connection is around $15 a month and the processor's fee runs about $7.95 monthly. There is also a percent per transaction charged. The processor deposits the money straight into a checking account for this fee.
The machines or terminals can be purchased or leased. Purchase prices range from $400 to $800 or above. Places like Sams Club can provide the machine, but you do have to use their wireless providers. Monthly fees to the processing company is waived for members holding the PLUS cards.
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