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Chase Credit Card Processing Review

571 Words3 Pages

Chase Paymentech Credit Card Processing Review
Their high quality services have put them on the map as a one of the top league processors. Doubling up as an acquirer, Chase Paymentech, cuts out the middlemen leading to efficient services. Originally Chase Merchant Services, it teamed up with Paymentech Inc. to form the current Chase Paymentech. Statistics shows that more than 280,000 merchants are served by Chase Paymentech, processing over $750 billion. In 2013 for example, 35.6 billion transactions were made.
Credit card payment processing is made easier by Chase with a variety of terminals that are mobile or web-based, wireless, contactless payments and EMV chip cards. The first step to this process is opening the right merchant services …show more content…

• Paypal enables customers to send and receive payments through Chase Paymentech in a simple, secure and affordable manner.

2. Methods of Payment
Customers should be given the flexibility to choose their preferred payment options which will ultimately increase revenue. These include options such as; Debit cards, e-checks and international Payments.
• Approximately 65% of all payment transactions are accounted for by debit cards.
• Electronic check processing (ECP) deals with direct credits and debits at the point of sale for payment of goods and services and payment. This can be done online and via mobile devices as well.
• International Payment Solutions. Not only does Chase Paymentech provide services to the United States and Canada, but also to more than 22 countries in Europe.
3. Point of Sale Systems
The needs of a business can determine the type of POS system needed. It can help to look up transaction histories, manage inventory and accept mobile wallet payments. It enables all business information to be centered saving a lot of time.
• Customer-Friendly POS. This option provides a secure and easy-to-use method for customers to make their purchases on goods and

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