Top 5 Things to Look for in Credit Card Machines
If you want to grow your business and be competitive in today’s market, adding a credit card machine to your payment options is a great way to improve on both fronts. The trouble most small business
credit card machine to your payment options is a great way to improve on both fronts. The trouble most small business owners have isn’t with the card reader payment itself, but with the third-party processors, sometimes called merchant account providers, or aggregators.
Processors are often accused of confusing merchants with complex payment schedules and fees. Knowing what to look for in a credit card machine will help you avoid confusing processors. Here are five things you should look for:
- Ease of Use
Point of sale systems such as countertop credit card machines are the workhorses of retail stores with high volume sales. You’ll get more flexibility, speed, and security with an easy-to-use card reader payment system that accepts credit cards, debit cards, prepaid cards, and even Electronic Benefits Transfers (EBT).
- Pin Pad
Unless your credit card machine has a pin pad, you won’t be able to process debit cards or EBT sales. Pin pads can be affixed to most point-of-sale devices and gives you greater control over how you run your business.
- On the Go
If you’re a merchant that’s constantly on the go, than you need mobile payment options and wireless processing power. Mobile card reader payment is ideal for merchants who operate outside the brick-and-mortar tradition, or for service providers that live on the road.
- Secure
Most credit card machines these days offer a great line of defense from would-be criminals and identity thieves. Look for security features that align with your terminal needs to ensure the security level is right for your type of business, whether it’s on the go or in a retail location.
- Low Rates