subject: All About Card Payment Terminals [print this page] When you go through for payment solutions for your business whether it is established business or a growing company, you must choose the one that is most compatible to your current system and it must also be supported by your merchant account provider. There are basically three types of card payment terminals that you may consider in your business.
Traditional: Stationary payment solutions work for most businesses today. They can come with or without printers, and most accept debit cards.
Virtual: If you do a lot of your business on the phone or online, consider using virtual credit card terminal software. It allows you to contact your merchant account provider over the Internet and it can be customized to automate recurring charges or calculate taxes and discounts.
Wireless: Wireless terminals are used by many taxi drivers and even in some restaurants to pay their bills. You must be ensuring that your merchant service supports the wireless payment terminals you go with one, and will continue support as well.
Most payment terminals have similar features, typically including a keypad, a magnetic stripe reader, a display, and a printer.
Keypad: Sometimes a customers card wont swipe so you will need to manually key in costs and other data. Normally, the payment terminals have a nine-key numeric keypad, but others may feature over forty keys, with programmable function keys.
Magnetic stripe reader: A magnetic stripe reader reads all credit cards. If you have questions about the condition of the magnetic stripe reader on any of your payment gateway you are thinking of buying, contact the seller or manufacturer.
Display: The standard credit card terminal display shows two lines of text, with twenty characters per line, but some can display four lines, with twenty characters per line. Look for a display with a backlight which will make it easier to read.
Printer: When youre evaluating card payment points, you can choose some that come with printers, or purchase the terminals alongside their compatible external receipt printers. If you do a lot of printing, external printers may be much better for your business. Dot matrix printers are typically much cheaper but dont print quite as quickly, while thermal imaging printers are faster and quieter, but need special thermal paper.
Researching and purchasing payment workstations can be an overwhelming process, but dont worry. Vision Payment Solutions is here to educate and arm its clientele, merchants everywhere just like you, with the knowledge and the information necessary for finding the perfect card payment terminals for your business, no matter what you do.
by: Peter William
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