Changing Tech and Need for Credit Card Processing Systems for Small Businesses
In this world of ever-changing technology, dynamism is an important character a person has to instill in himself. Life in an urban environment is speedy. One has to adapt himself with the expeditiously changing surroundings and methods. For a person aspiring to build up a successful startup, he ought to be adaptive to the environment and proactive enough to cater changing business needs. Automation has taken over. Even an aspect as little as payment method has changed from cash to credit card processing for small businesses.
Smart Tech Contributions
Smart technology has taken over the world by storm. You do not have to carry numerous things everywhere you go. Introduction of integrated online accounting, financial, legal compliance and payment systems do most of your job. It is the most effective way to keep a check on everyday operations.
In addition, payment systems have changed a lot in the past couple of decades. From electronic wallets to card-based payment systems, dependence on cash has significantly reduced worldwide. Chip card and credit card processing systems for small businesses is a must to prosper in the long run. With time and time, card processing systems have also seen major developments. Devices are rather smarter and portable to process payments through bank.
Here is how the whole process works. In a card processing system, the merchant enters the credentials in his/her terminal/device of the card held by the customer. The terminal connects with the card vendor which in turn connects with the customer’s bank. Now the customer’s account is deducted with the amount and the merchant’s account is credited with it. The card vendor keeps a small share of commission for facilitating the seamless transaction. Here are the 6 best credit card processing systems for small businesses that accept chip cards:
Counter terminals are very commonly used in retail shops and stores. These are normally mounted near the customer’s end to facilitate them to make payments. Companies that provide credit card processing systems for small businesses or even bigger associations provide fast and reliable countertop terminals. Modern terminals are not required to be plugged everytime as it has WIFI connectivity. They are able to process cards and contactless payments as well, such as EMV chip cards, Magstripe and Apple Pay.
Security is one of the major concerns in these terminals that needs to be taken care of while choosing the most appropriate one.
Mobile terminals can be commonly found at places like gas stations. These are built to provide convenience especially in case of credit card processing for small businesses and on-the-go payment processing facilities. All you need is to charge this terminal since it runs on a battery. It comes with an integrated thermal receipt printer.
Present day mobile swipers are equipped with wireless technology and contactless payment support. Not just this, touch screen enabled terminals are gaining popularity when it comes to credit card processing for small businesses. These are compact, handy, easy to use and provide more security features. These support e-wallet payment facilities as well.
Touch Screen Smart Terminals
With everyone going gaga over Android and iOS, POS terminals also come equipped with smart technology. These newly developed touch screen terminals look alike smartphones come with an Android operating system, suitable memory and thermal printer included. These are either single screen or dual screen to enable the customer and merchant to both see transaction details. Furthermore, these include barcode reading, USB, Bluetooth and NFC. Apart from being affordable, these are one of the best solutions for credit card processing for small businesses.
Mobile swipers are somewhat an upgrade of mobile terminals. These are a lot more handy, smart and modern. Its small size let’s you use it while you travel. It is adaptable and supports integration with any iOS, Android or Windows device. It supports connectivity with your smartphone through Bluetooth or WIFI. Apart from that, it comes with EMV chip support and enhanced security. The MP200 is one of these. Its affordability and easy availability is a perfect solution for credit card processing for small businesses.
Mobile EMV is one of the most handy solutions provided for credit card processing for small businesses. These let you accept card payments on Android or iOS devices. It facilitates merchant’s mobile to communicate with mobile EMV processing applications to securely accept chip or swipe transactions easily through merchant’s cell phone.
This one is a blessing of rapidly growing dependence on smartphone apps. You just need to install an app on your smartphone or tablet and connect the Clover Go through Bluetooth connectivity. This one is best suited for start-ups as a perfect payment device and credit card processing sysytems for small businesses. It is convenient, easy to use and equipped with enhanced security protocols.