As we know, technology is constantly evolving and for credit card machines, that means keeping up to date is critical for a fast and successful user experience. If you are looking to make the most out of your credit card machines, Payeex has put this article together to inform you of all the essential details to know.
The Credit Card Machine
Have you ever wondered how a credit card machine truly works? We are here to tell you. It’s a basic understanding that a credit card machine allows for a customer to pay a retailer or other business with their card. For the transaction to work, all it requires is a card reader and pin pad in combination to make up a Point Of Sale Terminal.
This transaction usually works with the use of the internet to process the purchase taking place but it can also work through a phone line, a computer, or a mobile device. These elements work to process the transaction. Usually, security is enabled with PCI compliance or with an EMV chip to ensure each transaction is secure. This means that your customer’s financial information is kept safe from unauthorized parties.
Credit Card Machines for Business Events
If your business is looking to host an event, it’s important to keep a credit card machine on hand to provide fast and secure checkouts. Having a machine that works seamlessly will play a big role in helping to generate revenue and overall create a profitable event. If your business hosts events but is not carrying a credit card machine, it will be losing out on a major share of profits.
When you work with Payeex, our team ensures that the credit card machines are functioning at their best and allows for the business to move between customer purchases with speed and accuracy at events. This makes for overall successful business events and continuous profits while on the move.
Ready to Purchase Yours?
If you are looking to obtain an account with Payeex, there are a few considerations to factor in. First of all, the business owners should familiarize themself with the rates for processing each payment, become aware of the security standards, review their merchant accounts, and check the hardware that is currently available.
Price levels of credit card machines differ significantly based on look and functionality so it’s important to review the products you want and need. It is also possible to buy out a credit card machine or lease the product as part of a service plan. As previously mentioned regarding security, some credit card machines use EMV communication, and some support NFC communication.
How We Can Help
Payeex would be happy to assist you in picking out the right credit card machine for your business while reminding you to keep in mind that there is a cost for setup, monthly service fees, and as well as gateway fees. If you are wondering which package is right for you, give our team a call today at 1-833-666-1001.