Firstly, the card machine is usually leased as part of your merchant account agreement (find out about merchant accounts below). So, a countertop terminal is probably the most complicated of all the credit card machines. It’s incredibly user-friendly with a bright clear screen and finger-friendly buttons so anyone can enter their information with ease. It also boasts a multi-merchant capability meaning it's great for numerous self-employed workers sharing one terminal. It accepts chip and pin plus smartphone payments and has a built-in receipt printer. It’s an all-rounder and great for any business taking a large number of transactions. The iCT220 from Ingenico is an excellent countertop credit card machine on the market today. We’ll talk more about how you receive the funds a little further down. After the network has authorised the card, funds can be transferred to the merchant’s account. We’re slowly moving into a paperless society but the majority of people still like to have a physical receipt as evidence of their purchase, so this is a handy little feature to have.Īlso known as PDQ machines, they connect to a payment provider network via a landline or internet connection. Countertop terminals have user-friendly buttons, can work well in low light and usually have a built-in receipt printer, meaning your customer can get a receipt straight away without any hassle. They’re usually a little more hard-wearing and are made to be handled heavily over time, something you’ll need if it’s in the hands of a large number of people every day. If your business is going from strength to strength and you’re making multiple transactions a day, you’re probably going to want to opt for one of these. When you think of a card machine, you’re probably thinking of the traditional kind at a supermarket checkout, a countertop machine, the type that we’ve all become accustomed to. Mobile Card Machines 1 Countertop Card Machines Yes, there are! Which means you have a few options to choose from.ġ. Are there different types of credit card processing machines? You can purchase a mobile one from as little as £19 with no monthly fees – but we’ll get onto that later. Many people think getting a card machine is a considerable expense, but that couldn’t be further from the truth. So no disgruntled shortchanged customers at the till. It means transactions are faster, safer, and more importantly, it’s impossible to give the wrong change. It’s a big bonus for a business to have a merchant credit card machine on site. Plus, it gives the impression that you may not be legitimate if you only take cash payments. It also makes them think twice about revisiting your business if they know they’ll have to get money out beforehand. Consumers are less likely to carry cash on them, and when there’s no option of a card machine, you could end up turning people away. Contactless payments were the only option for bricks and mortar businesses.Īnyone who owns a business should have a credit card machine for processing payments, no matter how big or small. Card transactions were key, with cash not accepted in many establishments due to Covid-19 restrictions. Why does my business need a credit card machine?Ģ021 saw a huge shift in the way consumers pay for products. Fear not, we’ve created a handy article to help you decide which one will meet all of your business needs. With so many options out there, it really can feel like a minefield. So, where do you even begin? You set up shop, and now you have to decide which card machine is best for your business. It can be tricky to know which one is best for you but read on to discover the ins and outs of each device. They can be your normal countertop ones, wireless and portable or handy little mobile machines. What is a credit card machine?Ī (PDQ) credit card processing machine is also known as a merchant card reader or ‘ chip and pin‘, is an electronic device that allows businesses to process card payments. So, it's time to think of your business's future as cash leaves the high street for good - if you want to keep up, you’re going to have to get yourself a credit card machine. Banks have also noticed this shift as hundreds of cash machines are closing, with consumers opting for the contactless approach. We’re becoming less patient with the difficult task of visiting a cash machine and drawing cash out. Since the digital revolution, we want everything to work seamlessly from our phones. We’re moving into an ever cashless way of life, and it's showing in the way consumers choose to pay for things. It tells us that there is a massive shift in society and how we pay for things. Debit card transactions are now the most popular form of processing payment, overtaking cash payments. In this article, we look for the best credit card machine for small businesses in 2023 and offer our advice.
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