If I have a vending machine with credit card reader, How the reader handles the transaction?Direct with the Co
Oct 19, 2009
in
Credit Card Machines
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?
Like this post? Subscribe to my RSS feed and get loads more!
One comment
Max B on October 19, 2009 at 9:25 am
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!