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In order to have a smooth processing of your credit card payments for your offshore merchant account, you need a reliable and up-to-date credit card terminal. Now, with all the terminals being introduced almost every month, heck, every week, how would you know what to grab?
How it works
Credit card terminals are commonly seen in restaurant and retail businesses. Terminals appear in three versions; the traditional terminal, wireless credit card terminal, and the virtual terminal. The traditional terminal has a magnetic stripe reader, a keypad to enter prices and other information, and a small display. The displays are usually measured line lines and columns: an 8 x 20 display has 8 lines of text, 20 columns wide.
Wireless credit card terminals have built-in printers that enable you to carry it around. The factors you need to seriously consider are battery life, range, weight, and shock-resistance since it is going to be at arm's length during business hours.
When you talk about virtual terminals, it is a software that handles the credit card transaction, you simply type in the credit card number and the software handles the authorization.
Read for more details:
Opening up an online pharmacy business is considered high risk. Many are called but only a few take the plunge. Operating this business means abiding to a set of guidelines that pharmacy merchant account holders should have knowledge of.
Avoid pulling a Stallone
A lot of people turn to online pharmacies for non-commercial medicines and body supplements. It is important to know the rules in order to avoid any run-ins with the law. Strict guidelines are being imposed so that You don't want your customer to experience a Sylvester-Stallone-arrested-in-Australia kick, right?
Go with the FDAWhat you must remember is to, as much as possible, side with the guardian of public health, the Food and Drug Administration (FDA). Quoting from their mission statement, “The FDA is responsible for protecting the public health by assuring the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices, our nation’s food supply, cosmetics, and products that emit radiation. The FDA is also responsible for advancing the public health by helping to speed innovations that make medicines and foods more effective, safer, and more affordable; and helping the public get the accurate, science-based information they need to use medicines and foods to improve their health.”
Know their scope and the importation and shipping guidelines by reading the whole article:
Online Pharmacy Guidelines that Every Pharmacy Merchant Account Holder Should Know
