Credit Card Processing Terminal Selection
If you are getting a merchant account so your business or establishment can accept credit cards, you’re probably wondering which credit card terminal you should choose. There are many things to consider when choosing your terminal; here are some of the most important aspects of your decision.
First of all, think if you really need a credit card terminal. Credit card terminals are needed only if your business involves you dealing with your customers in person.
Next, consider the type of connection needed by the terminal. The old credit card machines used a telephone line to connect and complete the transaction. This is still a good choice if you have a dedicated phone line (or can share a phone line between the card terminal and your fax machine, for instance).
The newer models require internet or even wireless connections, which can be good for you if you are already wired for internet. You should talk with your payment processing company to know which type is best for you.
You should also think about what you need your credit card terminal to do. Would you prefer that it prints out two receipts or would you rather use carbon paper? Or would you prefer a terminal that includes a pad and electronic pen so the customer can “sign” directly on the terminal?
You could even get Tap and Go terminals, which enable customers with certain cards to get approval with one tap. Customers without those cards can still swipe their regular credit card, and no signature is required.
Another option you might want to consider is whether you want a credit card terminal that can also allow you to accept debit cards. These come with keypads so customers can enter their PIN number.
Debit card transactions are really good for your part. It’s a very secure transaction method and something you definitely should think about.
When thinking about what kind of credit card terminal to get, consider all your options and weigh your needs and the needs of your customers against the price of different terminals your payment processor offers. You can even get some processors that have free equipment.
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