![]() Purchase – this is the easiest way to purchase a credit card machine. Regardless of the program you use, it will need to access a server or internet connectivity in order to process the payments to your online store. Virtual Terminal payment methods allow the merchant can access the virtual interface through an online browser. Virtual Terminal Interface – Do you specialize in eCommerce? The easiest way to describe a virtual terminal interface is credit card processing software. If you’re wanting a faster way of processing payments, Near Field Communication is the way to go. NFC payment methods are usually done via apple pay- a simple app the customer must download prior to making the transaction. The customer simply hovers the smartphone over the terminal and “walla!” The magical “radio-wave field” allows for the transaction to take place. No contact is needed, but the space between card and device must be less than 4 inches. The customer uses one or more mobile devices to interact with the credit and debit card machine. Near Field Communication – also known as contactless payment or EMV NFC. More businesses prefer this method since it’s more secure than swiping. Only chip cards, or smart cards, can be used for this type of transaction.īefore going through with a purchase, the buyer will insert the EMV card in a slot (EMV chip reader) located at the bottom of the EMV card terminal. This payment method accepts all types of chip readers, holding the title of the “global standard.” Terminals record the payment once the card magnetic stripes are swiped through the card readers.ĮMV – also referred to as an EMV card “chip reader.” EMV stands for Europay MasterCard and Visa. Swipe – this is the most standard of payment methods when the customer physically swipes the credit card. Whether it’s swiping, chip reading, or Bluetooth, finding the right payment method is your personal preference. There are various ways a credit card machine can process a payment. Now you are losing a much higher amount of $90.Įven though processing fees of 1% or 2% seems small, it adds up when it’s all said and done. Let’s multiply that volume and say you process $3,000 dollars a month. ![]() Let’s say you have a monthly processing volume of $1,000 dollars with a 3% processing fee. The more your business processes each month, the more painful the transaction fee will be. ![]() In fact, businesses that process credit card payments in lower amounts can find themselves paying higher transaction fees in the end. Learn more about virtual terminal interfaces here.Įach of these businesses operates differently and need different machines for accepting credit card payments or debit cards.ĭepending on how much you process each month, a credit card terminal may be overkill for your business. Without a physical card present to swipe, virtual terminals act on their behalf. Are you an online store? A physical terminal will have a hard time meeting your needs.Ī virtual terminal interface is designed to protect every card transaction that you process. If you own a mobile business, a wireless credit card machine might be the better option. Is your business a retail business or do you specialize in wholesale? If you own a physical location (brick and mortar store), a wired credit card machine is what you’ll see at every point of sale. If you are new to this concept, check out our Complete Guide to Credit Card Processing. It could even affect whether or not a customer decides to go through with a purchase. ![]() How you choose to process credit card transactions is vital to your business. Need to get it encrypted to take pin number debit? Encryption service only $35!ġ3.Purchasing the right credit card machine, or card terminal is heavily dependent on where and how business owners have structured their organization. The S80 can support multiple payment and value-added applications, making this one of the most reliable and advanced devices in the market. An intuitive ATM-style interface and ergonomic keypad make operation easier for merchant and consumer alike. The PCI PTS 4.0 approved S80 offers advanced connectivity, equipped with various communication technologies. PAX's S80 is an advanced countertop POS terminal which combines innovation and high performance to assure, faster, more reliable transactions.
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