Credit Card Reader

I need to understand how credit card reader at vending machines work. Does Reader connect direct with each credit card Company, accepts the transaction and charge fee to reader account? How much is the fee?

The card reader works just like one in any business. It needs to be hooked up to a phone line and it will dial the approval line for the cards that it accepts. Also like a regular card processing machine you will have to pay a percentage of each sale or a transaction fee for each sale. It depends on which cards you accept as to the amount and the fees. Each card company has a card services department for businesses just call them and find out.
Good luck!

2006-07-19 07:11:47 by choachi37

"Our Hustlers are going to demonstrate, for our secret cameras, how a con-artist can rig a cash-point with a device that will clone your cash ...

There are a few credit card terminal applications in the iPhone app store, but I'm unclear which ones, if any, have a credit card reader accessory.

Visit our website where we have a credit card terminal application for the iPhone as well as a magnetic card stripe reader in active development.

http://www.phonetransact.com/creditcardm erchantpro.html

2009-07-14 08:19:39 by smallbizguy

Price: $79.95

Works with Explorer 6 or higher, Windows XP, Windows Vista, Windows 7
Smartswipe works with virtually every shopping site in the world.
SmartSwipe encrypts your credit card information instantly so your information never exists in an unencrypted state

•Have I to have an account with each one of the credit cards I accept in my reader?
•If I have not account with “XX” credit card I can not accept “XX” credit cards?
•Does my credit card reader have one identification code, the same for all credit cards I accept, or one identification code for each credit card account I have?
•Does the credit card reader by itself have its own identification and unique code?
•Do I, or does the credit card company assign the identification code for the reader?
•Is There a minimum value for the transaction to be accepted by the reader and or the credit card? A total charge of $0.20 could be possible? Could it be accepted and processed by the reader and credit card company?How much cost to open an account? For how long time is it valid? Do I have to pay monthly/yearly fee. How much is the charge/transaction?Do I get reports of transactions?Where to buy a book /literature to learn on?

That's a lot of questions... :(

2006-07-22 05:53:38 by choachi37

Power supplied by PC USB
Supports ALL OS Systems when you buy from BAFX! Including Windows 7 AND MAC OS!
Bi-directional reading capability

i want to buy a portble credit card reader for my business, but i would like to know how they work

I have a gas station and my credit card machine processes cards through satellite and not dial up...

Basically wireless just like a cell phone..all it has to do is dial and send the info :)

2008-05-26 23:58:13 by ALLEN C

I am looking for something that can read credit card, debit cards, and checks.

Just go to creditcards.com , there is a litany of cards to choose from.

2007-04-16 12:00:39 by roshon2000us