by: Bret Morrison - posted (or last updated): 8th, January 2009

Wireless merchant accounts (or also called mobile merchant accounts) use wireless devices and a Wireless Access Protocol (WAP) that connects through a wireless service and processes credit card payments in real-time.

The devices are are often used for data capture is wireless pocket PCs and mobile phones. As in the case of mobile merchant accounts, there is no need for a physical phone line and there is no need for a power outlet to connect your credit card machine to.

This is very convenient when you are in a conference or seminar and do not have access to power outlets and can't carry a phone line connection for connecting to your credit card processor for payment processing.

List of businesses that would find this ideal

Trade show sales events
Expo exhibitors and salespeople
Seminar presenters
Plumbers
Lawn mowing services
Outdoor art festivals
Door-to-door salespeople
Electricians and other contractors
Air Conditione/Heating repairmen
Christmas tree and fireworks stands
Craft shows

Typical Fees with a cell phone processing wireless merchant account

The usual cost of your cell phone and service (whatever that may be - which you already pay)
Wireless merchant services setup fee: about $39 one-time setup fee
Merchant account discount rate: about 2.19% for Visa/Mastercard transactions
Transaction fee: about 75 cents per transaction
American Express discount rate: about 3.75% with transaction fee of 50 cents
Discover discount rate: about 2.60 % with transaction fee of 65 cents

Typical Fees with a Wireless POS processing wireless merchant account

Wireless POS (Point-of-Sale) device: $400 and upwards
Wireless merchant services setup fee: about $39 one-time setup fee
Merchant account discount rate: about 2.19% for Visa/Mastercard transactions
Transaction fee: about 75 cents per transaction
American Express discount rate: about 3.75% with transaction fee of 50 cents
Discover discount rate: about 2.60 % with transaction fee of 65 cents

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