The New Age of Credit Card Processing
Credit card processing through phone line terminals has been the norm since the late 1970’s. While useful in the past, this equipment is overpriced, slow, and drastically outdated. Even today, you’ll notice not much has changed. Sure the technology in the equipment has evolved and the terminal itself is less bulky and more streamlined, but the use of the telephone is still a mandatory fixture. How we do business has been drastically influenced by the Internet age.
Payjunction, Inc. has ushered in a new age of credit card processing. They created the Trinity System, which is a 2nd generation credit card processing technology. It will reduce costs, improve accounting and increase sales. The Trinity System will allow a business to do three things from one product and that’s process credit cards at your business, on your website, and on the go wirelessly. Only one merchant account is needed to use all three components. Normally to transact business in all three categories a company would need to acquire three different merchant accounts.
When it comes to credit card processing the Trinity System is ideal for the professional service industry for businesses such as: Attorney offices; Day Care Centers; Churches; Doctor offices: dentist, chiropractors, veterinarians; Home businesses; Small service businesses: electricians, plumbers, and landscapers; Taxi cabs, etc. just to name a few.
What definitely sets the Trinity System a part from old credit card processing terminals is that there’s no software to install and its user friendly. A business can get access to their system on the internet through a highly sophisticated secured website by using their login Id and password. This makes the Trinity System cost effective and scalable because the equipment you need to do business and process credit cards is a personal computer or laptop with internet access, a printer to print out receipts, and a landline telephone or cell phone for wireless transactions. A credit card terminal or pin pad isn’t needed.
The Trinity System allows a business to enter recurring transactions for memberships, subscriptions, or installments. It will also allow the processing of instant transactions, such as; issuing changes, refunds, authorizing a credit card or forcing a transaction; on any credit card in a businesses transaction history.
A business can take complete control of their transaction accounting and reporting systems. Real time online reports and summaries of any transaction, that has ever been processed, either at your business, through a website, or wirelessly is viewable with the Trinity System. Transaction data can be exported to Microsoft Excel, XML; to integrate reports with 3rd party software systems, or CSV; to import transaction reports into major accounting programs, such as Peachtree, Oracle, or QuickBooks.
No other credit card processing company offers a business the ability to keep record of all transactions – both old and new – in real time or download reports. Processors mail out credit card statements on a monthly basis. The Trinity System allows a business to access its statement any time.
PayJunction and the Trinity System have drastically changed the way businesses process credit cards. No longer will businesses have to acquire separate merchant accounts for credit card processing at your business, through your website, or wirelessly. It can all be done through one system. Those overpriced, slow and outdated terminals will soon be a thing of the past.