Introduction
You’ve heard of the plastic card, but what about the digital one? This new form of payment is gaining traction in the US, but it’s not as common as credit cards or cash. Like traditional credit and debit cards, digital P-cards are designed to be used at point of sale locations that accept them. To use these cards successfully, you’ll have to familiarize yourself with some additional steps that may be different from your typical acceptance process at a restaurant or store.
Have the card in hand.
To accept a p-card, you must have the card in hand. This means that if you’re at a register where customers swipe their own cards, and someone approaches and asks for help with theirs—you should not be able to swipe their card for them. But first learn what is p card and how it can be helpful for you.
If someone doesn’t have a p-card (or if they do but don’t want to use it), they can still pay using cash or check instead of swiping it—but then they’ll just have an old receipt showing how much money was spent on the purchase instead of what was actually bought!
Swipe card through reader.
In order to accept a p-card, you’ll need to swipe it through the reader. The terminal will tell you how many times and in which direction to swipe your card. If the terminal has a chip reader, insert your card into this slot before swiping it through. Otherwise, swipe your credit or debit card through the slot on top of a magnetic stripe reader (or vice versa).
If all goes well and there’s no problem with missing data or fraudulent activity on your part (which is unlikely), then congratulations! You’ve successfully accepted an electronic payment method!
Ask for ID.
The first step is to ask for ID. This should be a signed piece of paper from the person presenting the card, and it should contain their full name and address. Make sure that this information matches up with what’s on your card—it may be helpful if you can get both sides of the paper in front of you at once (e.g., “Is this your signature?”).
If they don’t have an ID with them, call their bank or issuer (the company that issued them their cards) directly and ask if they can tell whether they are who they say they are by checking their account information; otherwise, call back later after speaking with someone else who knows more about this person’s situation than just one person who happens upon him/her during his/her travels through various cities across America!
Make sure cardholder is present and signs receipt.
You should make sure that the cardholder is present and signs the receipt. This will ensure that they are aware of what is happening, and can give their assent to the transaction.
If you don’t have a P-card terminal, ask your bank manager if they can help you set up an online banking account so that payments can be made without going through your office.
Keep a copy of the receipt until transaction has cleared.
When you accept a purchase on your P-Card, you can keep a copy of the receipt until the transaction has cleared. This is important because it will show that you have accepted payment for goods or services purchased. If someone claims that they did not receive what was promised, it could be difficult for them to prove their case if there isn’t an original receipt from when they made their purchase.
The process is similar to accepting credit cards, but some additional steps are required.
When you receive a p-card, the cardholder’s name and account number will be shown on the mobile device screen or email. You must confirm with them that they want you to process their payment. You can also set up an authorization hold before processing a transaction so that any bank fees associated with processing electronic payments are deducted from your account balance first—this way if someone tries to make multiple purchases using your business account there won’t be any unexpected charges on it!
Conclusion
The process of accepting p-cards is similar to accepting credit cards, but some additional steps are required. You need to make sure that the card is in hand and has been swiped through the reader, ask for ID and have the cardholder sign a receipt. Keep in mind that transactions take longer than credit card payments because they must be verified by an issuer before funds can be transferred into your bank account.