Accept Credit Cards
GlobalNet assists businesses of all sizes with payment processing products and services to meet any credit card processing strategy need. Our offerings serve all types of businesses from a startup business looking to implement payment solutions to an e-commerce retailer looking to streamline the checkout process on its website or a B2B client looking for customized reporting. We also offer in-store or on-the-go payment processing with our mobile solutions. GlobalNet Payments works with clients to help you with your credit card processing.
We understand that payment acceptance is becoming more complex and yet is still a very integral part of your business and success. Many customers when paying for things today will use a credit card or debit card. Consumers are carrying less cash on them and the convenience of having a credit card or debit card has become more beneficial to the consumer. Many consumers use credit or debit cards to take advantage of the rewards and perks of those cards. Rewards and perks such as cash back, miles and many other things.
There are two types or credit card transactions.
Card-present transactions are most common in your traditional retail environments and mobile situations where the cardholder swipes, dips or taps their card or device at the terminal and the card reader collects the data. Card present transactions will qualify for a lower interchange rate because the probability of fraud is less likely.
Card Not Present transactions or often referred to as CNP transactions occur when the card is not physically present, as is the case with online or ecommerce transactions and mail order/telephone order (MOTO) sales where cardholder information is entered manually into the system. Card not present transactions will qualify for a higher interchange rate because the probability of fraud is considered higher.
We help take the complexities out of the cost of acceptance