What are debit cards?

Debit cards at the point of sale are an alternative payment method. When goods or services are purchased with an ATM Debit Card, the funds are removed from the customer’s checking account. In addition to the standard ATM cards, many banks also issue the Visa Check Card and/or MasterCard’s Master Money Card – both of which can be used in either an online or offline debit arena.

What is the difference between online debit and offline debit?

The difference between these two debit choices is whether a PIN (personal identification number) is used at the point of sale. When a PIN is used the transaction becomes “online” and funds are immediately withdrawn from the cardholder’s available funds. When an offline debit transaction occurs, funds are not withdrawn until the transaction processes – usually 2-4 days after the sale. Debit card transactions are the fastest growing point-of-sale payment method today. The acceptance of this payment method continues to remain popular because customers and merchants both appreciate the convenience and ease of using debit cards to purchase merchandise and services.

What are commercial cards?

Commercial cards – corporate, business, purchasing – are issued to businesses as an alternative way of financing expenses such as supplies, T&E, etc. (often replacing purchase orders). These cards also provide users with specific reporting advantages. By using a commercial card, cardholders get itemized records of all their purchases, which simplify reimbursement procedures and helps track expenses. This specialized reporting is possible because specific data is captured at the point of sale. MasterCard, Visa and Discover each provide issuers with the ability to issue commercial card products. Merchants will always pay higher rate for commercial cards.

What is check verification?

Check verification is a service that provides merchants with varying degrees of insurance against bad check losses by verifying the authenticity of each check and/or its presenter. Checks are verified through a national database gathered from retailers who upload bad check information. While check verification service is not required, this service does help keep your business losses to a minimum. In addition, I would also like to let you know that check service does not ensure that a cardholders money is available, it simply verifies that the checking account is valid. To first begin accepting check service, you will need to establish an account with Tele-check services, as they offer variety packages that include different check service features. Once you have established an account, Tele-check will provide you a terminal id number (more commonly referred to as a TID), that we upload into your terminal that will allow for your merchant account to accept checks. In addition, there depending on your terminal type, you may need to purchase a check reader to work in conjunction with your terminal or you may opt for an all inclusive terminal that will process both credit card transactions and checks. The only true way to confirm if funds are available is when a card holder uses a debit card for purchase.

What kind of training do you provide?

We provide various training for our customers. We provide initial telephone training and continuing education for our merchants. You’ll also receive training guides and user manuals to help you become acquainted with products and services. In addition to initial training, we’ll also provide you a contact reference sheet that may be helpful to you during our relationship, and we will update you on industry-related rule and regulatory changes.

Can a merchant outside the U.S. apply for a merchant account with PPS?

Yes, merchants with a legal presence in the US or Canada (direct response only) can be accepted for merchant services. However, we do specialize in high-risk accounts and offer off shore merchant services.

FAQs

What are debit cards?
What is the difference between online debit and offline debit?
What are commercial cards?
What is check verification?
What kind of training do you provide?
Can a merchant outside the U.S. apply for a merchant account with PPS?

FAQs

FAQs

What are debit cards?

What is the difference between online debit and offline debit?

What are commercial cards?

What is check verification?

What kind of training do you provide?

Can a merchant outside the U.S. apply for a merchant account with PPS?

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