Merchants

Humminbird PiranhaMAX 160 Portable Fishfinder available in Your Neighborhood

Humminbird PiranhaMAX 160 Portable Fishfinder
Shop at	Price	Rating	Stock
Cabela’s	$129.99		IN
Amazon Marketplace	$144.82		IN
Amazon Marketplace	$130.99		IN
Tamaya Tech	$160.58		UNKNOWN
ReStockIt.com	$122.49		OUT
OutdoorPros.com	$123.46		UNKNOWN
GetYourTech.com	$129.99		OUT

Editorial Review: 4″ FSTN display with 4-level grayscale 160 x 128 pixels 100W RMS power 800W PTP power 20deg & 60deg dual-beam sonar coverage Includes water temperature Tilt mount

Product Feature: 407240-1

Merchant Accounts

A merchant account is a contract under which an acquiring bank extends a line of credit to a merchant, who wishes to accept payment card transactions of a particular card association brand. Without such a contract, one cannot accept payments by any of the major credit card brands.

Today a majority of credit card transactions are sent electronically to merchant processing bank for authorization, capture and deposit. The method of processing credit cards will vary by industry. In all circumstances either the entire magnetic strip is read by a swipe through a credit card terminal/reader or the credit card information is manually keyed in to a credit card terminal, a computer or website. Whenever practical it is best to swipe a credit card because the rates will be much lower and the incidence of stolen credit card number fraud is greatly reduced.

A credit card terminal is a stand-alone piece of electronic equipment that allows a merchant to swipe or key-enter a credit card’s information as well as additional information required to process a credit card transaction. A credit card terminal is a dedicated piece of equipment that only processes credit cards although it is common for related transactions including gift cards and check verification to also be performed. A credit card terminal typically must be plugged in to a power supply and connected to a telephone line. However, some terminals may be powered by batteries, communicate over the Internet or through the cellular phone networks. When a credit card is processed (either swiped through the magnetic stripe reader or keyed in to the keypad), it contacts the network to verify if the credit card can be authorized. The most popular credit card terminals consist of a modem, keypad, printer, magnetic stripe reader, power supply and memory card. They have had the same basic design since the 1980s. As with computers, there is a wide range of memory capacities and other features like built-in printers and debit card pinpads that affect the manufacturing cost of a credit card terminal.