CREDIT
CARD MACHINE
The
credit card machine or terminals are usually located at
the point of sale in any merchant establishment. This important
business equipment helps you cash in on credit and debit
card transactions. It is important to note that the price
of a credit card machine is minimal, as compared to the
sales that can be generated by accepting credit or debit
card transactions.
The key differences between an old credit card machine
and a new credit card machine are:
- Older versions do not accommodate debit card transactions
- Older versions require transactions to be keyed in while
new credit card machines tap data by swiping the credit
card across a provided interface.
- Merchant account providers may charge a slightly higher
rate for keyed in transactions as compared to swiped transactions
The different types of credit card terminals one can avail
of are:
- Traditional Credit Card Terminals
- Mobile and Wireless Credit Card Terminals
- Virtual Terminals
- Refurbished Terminals
The important features that must be considered when selecting
a credit card machine are:
- Address Verification System (AVS)
- Acceptance of Debit Card Transactions
- Acceptance of Gift cards
- Acceptance of Electronic Benefit Transfer (EBT)or phone
cards
- Warranty Period
- Reliability
- Service agreement
Credit Card Machine Buying Tips:
- Type of Purchase: Purchasing
a machine is better than a lease option which may cost
you more.
- Price: The traditional
terminals range from $150 to $30 while machines with printers
range between $200 to $600 and wireless terminals range
from $600 to $1,000.
Merchant Service Group North America offers you trusted
brands and the best online deals to help you boost your
business potential. Some of the popular credit card terminal
brands available at Merchant Service Group North America are:
- Verifone
- Lipman Nurit
- Hypercom
- Comstar
- Commerciant
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