Nowadays, there are various types of credit card terminals to select from. This article can help you choose the right credit card processing system that suits the needs of your business.
Traditional Retail Terminals
If you are running a business that is involving face-to-face contacts with the customers like a restaurant or retail shop, you are likely to deal with credit transactions. In this case, the credit card and the cardholder are physically present when concluding the sale. Thus, the best terminal option should be at the point of sale. This will enable you to swipe your customer’s credit card. Also, with the addition of the Pin pad, you can easily process debit cards.
Mobile and Wireless Terminals
You can get a wide range of mobile credit card processing solutions. The merchants that offer these services can help you set up a mobile merchant account. You only need to download the app to your smartphone or a tablet and start accepting major credit cards whenever you want and wherever you are.
Probably, you want to process online credit payments. You can get modern processing platforms that accept various payment types, securely, safely, and in real-time. You only need a computer and internet connection to create a virtual terminal that will allow you to process the major credit cards, ACH payments, and signature debit cards. Moreover, these systems include short cart integration and a payment page.
If you have several businesses, then you will need to have different merchant accounts to suit your processing needs. For instance, if you are operating a retail establishment with an online presence, you may need a different merchant account. You can find terminals that process various merchant account transactions.
The modern terminal models use the IP connections but need a dedicated phone line so that they can connect the processor. Thus, if your business has high-speed internet access or DSL, this is a top option because it will speed up the processing time. Moreover, it does not need the expense of the extra phone line.
After determining the right terminal that best suits your payment processing needs, you should contact the representative of the merchant so that they can set up your account. In this way, you can enjoy seamless card processing payments and grow your business to another level. Also, you need to get information about cancellation fees and terms.