[David John]

In those cases, it's essential you ensure the software being used by the gateway provider is compatible with that being used by the merchant iso credit card processing account provider. Software incompatibility can cause serious delays in processing your credit card sales, resulting in a loss of sales and possibly customers.

Once the card is validated and the transaction is approved, a virtual receipt is issued and the transaction is complete. The funds from the credit card are earmarked for withdrawal at the end of business, at which time the proceeds from all your credit card transactions will be transferred to your bank account. To all appearances, this type of transaction occurs almost instantly, within just a few moments' time.

Some of the perks of real-time processing include: ease of use, nearly instant transaction completion and the ability to handle high daily sales volumes

The disadvantages include a higher cost than delayed processing system and the potential inconvenience of selecting your own gateway provider and dealing with software compatibility issues.