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Credit Card Processing Alabama

Accepting your customers credit cards is more complicated then it looks. With so many different banks around Alabama and third party merchant providers offering credit card processing solutions it helps to have a concise overview of the various transaction fees, discount rates and technologies to consider.

1. Local Companies

2. Credit Card Processing - Info

3. How Credit Card Processing Works

4. Basic Fees

5. Featured Local Company

1 . Local Companies

Merchant Warehouse
866-599-3217
Mobile, AL

Merchant Warehouse
866-599-3217
Birmingham, AL

Merchant Warehouse
866-599-3217
Huntsville, AL

FFUSA
256-226-2181
11575 S Memorial Parkway
Huntsville, AL

Central Payment Corporation
(205) 914-0370
Serving Birmingham area
Birmingham, AL

Merchant Warehouse
866-599-3217
Montgomery, AL

Carmel Investments Inc
(251) 473-7100
1117 E 165 Service Rd S
Mobile, AL

1st Franklin Financial
(334) 514-6111
6253 US Highway 231
Wetumpka, AL

American General Financial Services
(256) 737-0031
1728 2nd Ave SW
Cullman, AL

American General Financial Services
(256) 533-3402
908 Memorial Pkwy NW
Huntsville, AL

2 . Credit Card Processing - Info

Whether you conduct business online, offline in Alabama or both you will at some point consider accepting credit card payments from your customers. The decision to allow credit card payments may be a simple one; however, selecting a merchant account provider is complicated and can have a real impact on your business not to mention your bottom line. Unfortunately, not all merchant accounts are alike. You’ll soon learn that providers have different approaches to rates, fees, limits, not to mention customer service – and finding the right match for your business is critical. The remainder of this guide will break down the process and key considerations to enable you to find the right solution.

3 . How Credit Card Processing Works

Without getting too detailed and caught up in all the possible exceptions, here’s what happens when a credit card is processed:

1. Merchant processes card with a point of sale unit or via software if online.

2. Data is transmitted (card info, sales amount) to the “acquiring” bank.

3. Acquiring bank requests authorization from the “card-issuing” bank.

4. If accepted, acquiring bank processes the transaction and sends approval back to the merchant.

5. The merchant reviews the transactions and transmits confirmation to acquiring bank for deposit.

6. Acquiring bank then requests and receives funds from the card-issuing bank.

7. Acquiring bank then deposits funds into the merchant’s account.

4 . Basic Fees

Needless to say, all parties involved in this process benefit (take a cut). Here are the primary fees to consider:

Set-up fee – one time fee for getting started

Transaction fee – merchant pays a fee for every transaction

Discount rate – flat % charged to merchant for every transaction

Chargeback rate – rate of monthly sales “held” in reserve to offset any fraudulent transactions

Chargeback fee – there is often a fee for charge-backs

5 . Featured Local Company

Merchant Warehouse

866-599-3217
Mobile, AL

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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History