The Need for Credit Card Terminals

Chances are that you have seen credit card terminals just about everywhere: grocery stores, retail stores, and restaurants. This is because they are the most efficient way to securely process credit cards.

How does having a credit card terminal increase business?

Credit card terminals are not very expensive, but they do have a great impact on your business. Because most people prefer to pay with a credit or debit card, businesses without credit card terminals are at a disadvantage. Accepting credit cards by use of the old carbon-copy method, or even with older terminals that require you to key in the account number and amount of transaction, can result in half a percent or more increase in fees charged by your merchant account providers.

Up-to-date credit card terminals support debit as well as credit transactions, making them more convenient for customers who like the convenience of plastic but prefer to have the money directly taken from a bank account. Additionally, most of the terminals today offer features that allow customers to swipe their cards themselves, giving them a greater sense of security when they patronize your business.

The Best solution for Your Business

No matter your reason for buying new credit card terminals — upgrade or just business expansion — this guide can help you decide which terminal will work best for your individual business situation.