A financial transaction involves the transfer of funds between a cardholder's account and your own business account. For example, a credit card Purchase transaction moves funds from the credit cardholder's account to your business account, and a debit card Refund moves funds from your business account to the debit cardholder's chequing or savings account.
The Moneris Vx810 Duet Point of Sale terminal can process various financial transactions on a number of card types. The matrix below displays the supported card types and the transactions each card type supports.
Transaction
/ |
Magnetic Stripe Cards |
Chip Cards |
Contactless Cards |
Private Label Cards |
Pre-paid credit cards |
||
Debit |
Credit |
Debit |
Credit |
Debit / Credit |
Credit |
Swipe only |
|
Purchase |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Refund |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
Correction (Void) |
Y |
Y |
Y |
Y |
N |
Y |
Y |
Pre-Authorization |
N |
Y |
N |
Y |
N |
Y |
N |
Pre-Authorization Completion |
N |
Y |
N |
Y |
N |
Y |
N |
Pre-Authorization Deletion |
N |
Y |
N |
Y |
N |
Y |
N |
Advice |
N |
Y |
N |
Y |
N |
N |
N |
Payment |
N |
N |
N |
N |
N |
Y |
N |
Balance Inquiry |
N |
N |
N |
N |
N |
N |
Y |
IMPORTANT: It is the merchant’s responsibility to ensure that proper card processing procedures are followed at all times. Please refer to your Merchant manuals and the Terms & Conditions of your Merchant Agreement for details.
The Moneris Merchant Operating Manual, covering credit card procedures, is available for free download at moneris.com/manuals. Scroll down to the 'Other' section and select "Merchant Operating Manual".