New York, NY (PRWEB) August 30, 2012
It is always the case that when two top companies team up, there is going to be a lot of people who benefit. In the case of the team up between MDS and Karma Snack, merchants and consumers are the two groups that will benefit the most. Merchants will benefit as they will have even more services offered to them. Consumers will benefit because the ways they can pay will be even more diverse and useful. Not only can merchants now accept credit cards, but they can also accept online checks, mobile payment, and payment through services such as Google and Pay Pal.
It is not just online merchants that benefit from the team up between MDS and Karma Snack. Simple merchants such as children's and infants' wear stores are going to be able to offer their consumers various invoicing solutions that were not possible in the past. Instead of just being able to accept credit cards and cash, the children's and infants' wear stores can now accept checks with a lot more security than in the past. This will help increase sales, as people know they can pay with whichever method they find more comfortable and efficient.
Here is a list of some of the expanding merchant services will be offered:
Not only can merchants offer new methods of payment, but they can also get processing companies to assist them with their payroll systems. Instead of having to come up with their own payroll structure, they can simply ask MDS to assist them with it. This will increase efficiently and save businesses a great deal of time and money. The payroll solutions that MDS can offer are far superior to most programs that current merchants are utilizing.
Merchant processing solutions have increased a great deal over the past few years. There was a time when a basic credit card machine is all that was available for payment, in addition to cash. Nowadays payments can be made through mobile phones, via the internet, and through online checks. The payment processing methods are particularly great for online merchants. Customers simply have to add items to their shopping cart and when they proceed to check out they can use their favorite method of payment. Google Checkout, Pay Pal, Online Checks, Credit/Debit Cards, and other methods of payment are all available through these processing companies.
POS Equipment Sales and Leasing:
If a merchant does not have the funds to purchase a point of sale equipment for themselves, they can be leased through processing companies. MDS offers all sorts of POS equipment through companies such as Micros, Verifone, IcVerify, and Aloha. If a merchant would like a specific type of POS equipment, simply contact MDS and it can be arranged. The level of POS integration from MDS is very high, as all kinds of POS systems are compatible with the services they offer to merchants.
Credit Card and Debit Card Processing:
Every type of credit and debit card that exists can be processed with collaboration with processing companies such as MDS. No longer do businesses have to offer only select credit card types (such as only Visa, MasterCard, or AMEX). In addition, credit card processing can be done through a computer or mobile phone instead of a credit card machine, if that is how the merchant prefers it. That is how advanced credit card terminals have become.
Electronic Check Processing:
In the past, processing a check was an arduous process. The physical check had to be run through a machine to assure the account was active and then the check was sent to the bank for cashing. Instead of that, entering information online can see a check processed nowadays. Not only is instant verification of funds possible, but the check itself can be processed within 1-2 business days. That is a stark contrast from paper checks that can take up to a week and it shows just how much eCommerce has developed in the past few years.
Nowadays it is quite common for many merchants to be mobile. For example, a food vendor or a door to door salesman might want to add the option of paying with credit/debit cards and online checks to their business. This was not possible in the past, but with companies such as MDS it is now a reality. There is no need for traditional credit card machines as everything can be handled through something as small as a mobile phone.
Merchant Cash Advance:
If merchants do not have enough cash on hand to pay their bills or their work staff, then a cash advance through MDS is a possibility. This cash advance is taken as a percentage of past monthly earnings, so MDS can be certain the amount will be paid back. A cash advance can be taken at any time, as long as it is paid back as soon as the next month's earnings come through. There is also a merchant cash advance that can be taken out against future credit/debit card earnings.