credit card processing solutions for SMB

credit card processing solutions for SMB

Merchant services (or payment processing) is all too often a subject of disdain, a necessary evil at best, and, frankly, a topic shrouded in some degree of mystery.  Century Business Solutions a payment processing company located in Irvine CA was conceived of in part to dissolve that negative stigma; they believe that, along with developing unique processing solutions, providing information about the merchant processing cycle in general helps this immensely. The first step in the processing cycle occurs when information is gathered from a credit card.  This either happens automatically, with a magnetic card reader, or manually, when a card number is keyed into a device manually.  The information is then sent instantly to a third party between a customer and a merchant–a payment processor.Once a payment processor receives the information from a merchant, the processor automatically authorizes the charge(s) by verifying the associated account exists and has sufficient funding.  Pending approval, the card is then charged with the amount specified.  The entire process takes a matter of seconds–and, sometimes less. After the charge is approved, a payment processor deposits the money into a special bank account called a merchant account. The money is then automatically transferred from this merchant account into a bank account from which a merchant can withdraw the money.

If you are a small business looking for ways to streamline your workflow and to reduce processing costs, consider Century’s QuickBooks processing solutions. They are able to process transactions within your QuickBooks software which not only reduces data entry but reduces your processing costs as well.