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UniPayGateway

June 5, 2015
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

Payment Terminal Fulfillment Process

Payment terminal fulfillment mechanism is associated with several important aspects. First, a fulfillment center you are dealing with needs to be able to install all the necessary software and to inject the encryption keys of the processes, which the merchants are going to partner with, into the terminals. Second, there is a whole set of fulfillment-related issues which you need to think through.

Fulfillment-related issues

  • You need to know how the initial order of terminals is going to be placed and who is going to capture it (you, i.e. payment terminal solution provider, or a fulfillment center).
  • You need to know how the orders are going to be modified if merchants decide to change the models or quantities of the terminals they order. Keep in mind that the order might be still with the reseller, at the fulfillment center, already on the way, or already shipped.
  • You need know how the orders are going to be cancelled, of merchants decide to refuse to purchase or rent the terminals.
  • You need to know how the terminals are going to be returned if a merchant decides to stop dealing with his payment service provider, or if terminals are out of order.
  • You need to know how maintenance works are going to be performed.
  • Finally, you need to know how you are going to deal with stock shortages, i.e. whether you are going to deal with several fulfillment centers, or think of some automatic re-stocking mechanism.

Detailed information on all the listed issues concerning payment terminal fulfillment is available on #Paylosophy.

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