What is Batch Credit Card Processing
Batch Credit Card Processing Batch credit card processing capabilities gives you the option of processing credit card transactions via secure FTP by uploading a batch text file formatted to meet our batch processing specifications. The batch processing file is an ANSI-format text file with one transaction per line and a single TAB (ANSI 9) character separating each field. Batch Processing Features: * High Speed Processing: Process from 1 to 1,000,000 transactions per batch file at 10 tr [readmore]
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Low value transaction may mean that the seller loses money by accepting a credit card. Sellers may specify a floor, or lowest amount payable, so as not to lose money on credit card payments. Some sellers pay a hefty monthly fee for the batch processing machine that is used to send authorized payments to the acquiring bank, rarely will the vendor end up owning the machine. Most banks charge more for batch processing than for other credit card transactions.
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