Articles

How to Avoid Chargebacks

Chargebacks can cause a great deal of trouble for a business, especially when merchant accounts initiate fees for them. Credit card processing has a wealth of benefits, but it also has complications such as consumer chargebacks. Consumers initiate chargebacks for a wide variety of reasons including fraud, attempted theft, honest mistakes and discontent. Every business […]

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Building Your Small Business

Accepting credit cards is a necessity for small businesses because it allows them to remain competitive, offer convenient payment methods to buyers and not forego a sale in the event customers come up short of cash. Understanding the world of credit card processing can seem daunting at first, but these 3 key principles help address […]

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Reading Reviews Before Selecting Your Merchant Account Provider

When looking to select a company to use as a credit card processor, it’s wise to choose one that offers all the right services at a good price. However, one should take it further, and here are three things to look at when reading reviews for a merchant services provider. Speed: Without a doubt, if […]

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All About Flagship Merchant Services

Flagship Merchant Services has been helping merchants conduct transactions online for many years. As a leader in credit card processing and merchant accounts services, Flagship Merchant Services has remained focused on giving business owners of all size the solutions they need to effectively do business completely online. How does credit card processing work? There are […]

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All About CreditCardProcessing.com

Without a doubt, when looking to get credit cards processed, one should go with a solid, reliable and trustworthy company. When doing so, it’s easy to avoid mistakes that others suffer from. While true, one should know where to look, and CreditCardProcessing.com is a great place to go, and here are three reasons why. Provide […]

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What is the Bankruptcy Notification Service?

Without a service, it’s hard for people to know when someone went bankrupt, and this is often a problem when dealing with merchant accounts or other financial services. For this reason, the two major worldwide credit card companies, Visa and MasterCard, have developed a service to help people track bankruptcies. With this, people can see […]

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An access number allows a merchant’s business to connect with credit card processing facilities. This allows for information to be validated, to be registered, and to conduct the initial steps of a transaction using one of merchant accounts.

The access number as an outlet from the merchant’s business. It should be a dedicated number that allows for businesses to begin transmitting and receiving data to the registered credit card processing centers that business uses. Modern systems rely closely upon the access number to facilitate debit and credit purchases, and some forms of check purchases.

In terms of more familiar technologies, the access number in a credit processing model can be compared to a telephone number. It is a unique “address” that separates one line from the other millions of lines to ensure that a secure transmission can occur between two physically separate places. The speed of this line and how many total lines that any given business has decides upon how many payments can be processed at one time.

In the event that an access number becomes unavailable, these processes will be brought to a complete halt. No data can be transmitted to or from the merchant, nor can any money be digitally transferred to or from the merchant accounts that a business uses.

The access number that a business uses may also become intricately linked with any loans or credit that a business takes out. Other businesses may utilize it as a way or both verifying the business and ensuring that funds can be collected at a later date.

Regardless of what type of credit processing system that a merchant uses, the access number used must be valid and unique. It acts as the central hub that allows for all digital transactions to occur, which in turn allows any given business to have the means to conduct day-to-day transactions.

Degradation in the line tied to the merchant access number can cause countless problems for a business. These can range from the need for transactions to be conducted multiple times to something as severe as processors refusing to service merchant accounts.

Maintaining an access number with a reliable connection is one of the signs that processors expect when they decide if they can trust a particular business. Given that it facilitates transactions to and from a business’s physical location, it should always be available at all times with as small of a delay in use as possible.