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Mastercard™
MERCHANT ACCOUNT
Acceptance
of Mastercard™ Cards is offered in more than 23 million establishments
across the globe. Mastercard™ segments it users in to three
main categories namely:
- Personal: Such cards are retailed to individual users.
- Business: Companies subscribe to the cards services
as benefit for their employees
- Merchants: This type of users are allowed business
transactions involving sale of products or services and
purchase of such goods and services by cardholders
While personal and business type of cards are obtained
directly through Mastercard™. A merchant account is obtained
through an acquirer on member service provider like Merchant Service Group North America.
Merchant Service Group North America is a licensed Mastercard™ member
that provides customer centric services such as card payment
processing, hardware and software, monthly statements etc.
Subscribing to such services ensure sale of goods or services
through any mode of payment such as: credit cards, debit
cards or checks.
The key benefits of accepting Mastercard™ cards are:
- Increase in sales as accepting cards ensure card induced
sales
- Complete business transactions instantly as the need
for counting cash is eliminated. It also assures safety
with relatively low cash deposited at your end.
- Displaying the Mastercard™ signage assures a card holder
will consider purchasing from your shop.
- Transactions are settled as early as 24 hours to 72
hours
Merchant Service Group North America offers you the advantage of:
- Acceptance of Cards: Accepting not only Mastercard™
but also: Visa™, Discover®, American Express®, and most major
bank ATM debit cards through our secure processing network.
- Transaction Processing: is completed on part of the
First Data network, a widely accepted processor with more
than 19.8 billion credit card transactions to its credit
in 2004.
- Quick Funds: As soon as the customer makes a credit
card payment, the processing network will transfer funds
to any FDIC-insured financial institution. This makes
accepting cards easy for any merchant.
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