Redwood Merchant Services Expands Your Reach

2007-03-08 10:33:40

( Financial )



In the credit card services industry, cardholders can identify only three players in a credit card transaction: themselves, buying products or services with their credit cards; the merchant, who sells the items to them; and the card issuer, to whom they make payments. There is an unseen fourth player in the transaction: the merchant services provider.

You know the major credit card services companies that issue credit cards, like mbna card services and discover card services. These credit card services firms depend on companies like Redwood Merchant Services to help them expand their card-accepting networks so that you can use your card in more outlets.

By recruiting more merchants, Redwood Merchant Services makes it easier for you to use your card in more places. Aside from the usual retail outlets, Redwood Merchant Services has also targeted physicians’ clinics and lawyers’ offices for recruitment into their network.

Redwood Merchant Services ensures that when you use your card to pay for your purchases, the merchants will get paid promptly. Redwood Merchant Services also provides merchants with the latest credit-card processing machines in their outlets, so that transactions will go smoothly.

Some merchants buy the equipment themselves, or otherwise arrange for use of the machines from Redwood Merchant Services. When you give your card to pay for the purchase, the merchant swipes the card on the terminal. The system verifies your account details quickly. Thus, you do not wait long for the transaction to be completed.

Redwood Merchant Services has recently launched its data security program to help their merchants and you protect the information on your credit card from theft-and-fraud hazards online. Participating merchants will pay a small fee to join the program. But with the facility, you and the merchants can be sure that the information in your credit card processed and transmitted from the merchants’ terminals will be secure.


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