The MCC or Merchant Classification code for Electrical Parts AND Equipments is 5065.
Electrical parts and equipment have covered a wide range of market in the world. Business owners in this industry are elevating the profit by accepting payments online instead of taking cash. These business owners utilise POS terminals that work awesome for electrical parts and equipment stores. POS systems have become popular for face to face payments in retails stores. Most of the business owners want to opt for this solution because of various benefits associated. There are many type of point of sales machines available these days. These machines easily integrate with payment gateway.
Nowadays, business owners are entirely dependent on technology. For Example; Credit card and POS machines both are dependent on each other. Cardholders can easily pay through credit cards at retail stores, but if there is no POS machine at the store then it may create discomfort for the merchant. In the modern world, cardholders do not want to carry a lot of cash into their pockets and same with business owners. They do not want to handle so much cash money. So for Business owners, It is essential to have a credit card terminal because it removes the hassle of handling cash at electrical parts and equipment stores.
Quadrapay is a sales partner of the various payment processing company. These processing companies offer online and retail payment gateway services at low charges. Solutions should be choosen depending on the business type like retail or online. Our partner processing companies provide POS terminals and Online payment gateways for merchants from this industry. Get a credit card terminal now. Send an email to [email protected]
Process Of Getting Credit Card Terminal – Quadrapay
After getting an enquiry, the team at Quadrapay contacts the merchant to understand the business model and specific requirements.
The team connects the merchant with appropriate payment processing company on the basis of the business requirements.
The merchant has to go through the compliance process of the payment service provider(PSP). Payment service provider will ask for copies of business documents and other KYC documents.
PSP sends the POS terminal via courier within 2 to 3 days. Once the POS terminal is fully integrated with payment processing company then the merchant can process credit and debit cards.
Quadrapay assisists merchants from in various industries like Bookstores, Automated fuel dispensers, Automotive service stations, News dealers and Newsstands etc.