There are many people who look forward to opening their business. If you are one of them then you should get all the essential business related items to run your business smoothly. Many people ignore the credit card machine in their business which can affect the growth of the business effectively. Nowadays, credit card processing for small business is really essential as most of the people shop with their cards. Including credit card machine to your business will provide convenience to your customers.

Steps involved in credit card processing

• Consumer to merchant – initially the consumers hand over their cards to the merchant for the payment. Merchant puts the card in the processing machine and accepts the payment after the consumers need to enter their pin. The merchants accept the payment and allow the card reader to scan information required to send bank networks for further process.
• Processing – after the information is passed to the bank networks, processing is done through two major networks that are VISA and mastercard. During this process, the merchant’s bank receives the payment request. Then the bank accepts or rejects the payment based on the government guidelines.
• Network messages– after the payment is accepted in the merchant’s bank account, a message is sent to both the account holders that is customer as well as merchant. This message contains the final message of credited amount in the merchant account. This process is very quick and thus has reduced the hassle of carrying the cash around while going for shopping.