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How touch-tone
processing works is you dial an 800-number from
your touch-tone phone, you are then connected to
an interactive voice response unit. You will
then enter in your merchant account number
(which you will get when you first sign-up for
touch-tone processing), the customer's credit
card number, expiration date and amount of the
sale using the telephone keypad. Once the
transaction is approved, the transaction is held
for settlement which will automatically be
completed every night. The funds are then
electronically transmitted to your business
checking account, at your local bank, anywhere
within 48-72 hours.
That's all there
is to it, no sales slips to mail or depositing
credit card drafts at your bank. Every month
you'll receive a statement in the mail outlining
the details of your credit card processing
activity. Anytime you want you can access batch
totals and track your daily activity from any
touch-tone phone. |
