The card number is called in, faxed over the phone, submitted over the internet, or received by the mail. Normally, there is no signed sales receipt, or no cardholder present. Due to this the risks are greater to the processing bank. Discount Rates are higher for Mailorder, Phoneorder, And Internet transactions. Retail These are businesses that have a merchant storefront or a retail location.
Home based business can be retail if the cardholder is present at the time the sale is made.
The restaurant business is similar to a retail business. The cardholder is normally present at the time of the sale, and a receipt is generated for the transaction. National Card Systems, Inc. specializes in the restaurant industry and can design the right processing system for your business that will let you collect tips, and track them for each server. Service Businesses Service related businesses can range from an Auto Repair shop to someone who sells Seminars, Travel Tours, or even operates a Blind Cleaning service over the phone. These businesses are among the most difficult to get approved for credit card acceptance.