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. Here are the most important things to consider:
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 you need to consider the type of connection your terminal needs to have. The old credit card machines used a telephone line to connect and complete the transaction. This is good if you already have a phone line.
Newer models use Internet connections or even wireless connections, which may be a better option if your business is already wired for Internet. Talk to your payment processing company to determine what sort of transmission type is right for you.
You also need to think about exactly what you need your credit card terminal to do. Do you want the machine to print two receipts automatically or do you want to use carbon paper instead? Or would you want a terminal that has a pad and electronic pen so the customers can sign directly on the terminal?
You can even get Tap and Go terminals that allow customers with certain cards to literally tap their cards on the machine and get instant approval. These machines still work for customers without those cards.
You could also get a credit card terminal that accepts debit cards. These come with keypads so customers can enter their PIN number.
Debit card transactions are really good for your part. It’s very secure.
Make sure you know all your options when you’re considering getting a credit card terminal. Some processors even provide equipment for free, which makes it even more attractive to get all the features you want.
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