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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Bitel Co., Ltd is a leader provider of POS terminals. From counter-top solutions to mobile payment devices, the company has become the solutions expert for all payment processing solutions. Terminals offered by the solutions provider include RIFD, finger print sensors, and IC card readers. Founded in 1992 in Korea, the POS provider is credited with developing some of the most innovative terminal solutions available.

Terminal Overview

Bitel Co., Ltd’s IC3500 is a desktop payment solution. The desktop POS devices supports PIN entries, a benefit to merchants who handle a high volume of credit and debit transactions. Display features include TFT color for its LCD screens. All systems come with a thermal printer capable of reaching high processing speeds. Device also offers the ICCR (IC chip card reader) and MSR (magnetic stripe reader) for speedy credit card processing. Multiple ports for USB, Ethernet, modem and other ports are included in the kit.

Features & Benefits

The EMV chip card supports cryptographic encryption and decryption. The EMV chip card also supports contact less transactions. The magnetic strip gives merchants an additional processing option in swiping the credit card. Device is fully compliant in supporting both ISO 8583/SDLC and TCP/IP. CPU contains an ARM 400MHZ 32 bit secure processor. The BITEL IC3500 is also PCI PTS 4.0 compliant, which assures merchants can conduct business in confidence with customers without having to worry about communications and other forms of vulnerabilities. Keypad contains both function and number keys to facilitate pin entry transactions. Tamper resistance features trigger locking and disabling upon detecting a threat to damage the device. Key management options include fixed key, master/session and DUKPT to support strict security measures.

BITEL maintains a presence throughout Europe, Africa and the Near East. The company’s solutions supports banking, government and law enforcement entities as well as independent merchants. The BITEL has consistently delivered top payment solutions since 1992. The IC3500 gives merchants peace of mind in offering unmatched security with high performing processing capabilities. Tamper resistant and flexible, the device is arguably one of the top payment processing solutions of its kind available.

2015 CREDIT CARD PROCESSING COMPANIES

Rank
Company
Approval Rate
Setup Fee
Contract
Transaction Rate
Rating
#1
98%
Free
Month to Month

Retail0.38%-1.58%

Internet0.98%-1.98%

5 stars

866-337-2076

Visit Website

#2
98%
Free
Month to Month

Retail0.35%-1.55%

Internet0.95%-1.95%

5 stars

866-334-6149

Visit Website

#3
98%
Free
Month to Month

Retail0.38%-1.58%

Internet0.98%-1.98%

5 stars

855-861-6618

Visit Website

#4
98%
Free
Month to Month

Retail1.54%

Internet2.04%

5 stars

857-588-9490

Visit Website

high risk merchant account