Your salon will require a POS system or a credit card terminal, such as the Clover Flex or Clover Mini, to process payments. Some salons also use mobile card readers that can be attached to a smartphone or tablet.

After payment is made, the POS system sends the payment information to the payment processor, which then communicates with the cardholder’s bank (issuing bank) to get authorization for the transaction. The bank checks the cardholder’s available funds and other factors to approve or decline the transaction.

When the transaction is approved, the payment processor processes the payment and transfers the funds from the customer’s bank to the salon’s merchant account, minus any processing fees.

The POS system generates a receipt for the customer, which includes details of the transaction. Omega makes it easy for salons to keep records of all transactions for accounting and reconciliation purposes.

Salons will be charged processing fees for each credit card transaction. These fees typically include a percentage of the transaction amount plus a flat fee per transaction. With Omega, you get the lowest percentage and transaction fees on the market.

Settlement: At the end of each business day or within a specified timeframe, the payment processor settles the transactions by transferring the accumulated funds from the merchant account to the salon’s designated bank account.

When choosing a credit card processing solution for your salon, consider factors such as transaction fees, ease of use, integration options, security features, customer support, and any additional features that may be relevant to your specific salon business needs. You will soon learn Omega Transactions excels in all these areas. Contact us today!