Types of Credit Card Machines
When it comes to credit card machines, there are four main types that can be used in order to process credit cards.
The four types of credit card machines according to credit-card-processing-review.toptenreviews.com are the online, POS terminals, mobile terminals and manual transactions.
You will need to know the various types of credit card machines on offer, so that you are able to pick the right one for your business.
Credit Card Machines
If you are looking to be able to process credit cards online then you will be using a website where you are able to sell your products and services.
On your website there will be a shopping cart feature, which then allows customers to make purchases online. Once they checkout with the cart they will be taken to a credit card option which will then process the transaction online.
There is a magnetic strip on the back of credit cards, which is read when the customer slides their card into a terminal. This allows the item to be paid for.
You also get tap and pay terminals, where the customer is able to tap with their card in order to make a transaction. This system works with credit cards that have Radio Frequency Identification Chips.
Generally these terminals are in a fixed location, that is by the cash register and are able to process the transaction through the use of a phone or internet connection.
A mobile credit card machine is like that of a terminal, but they are portable. The mobile terminal is then plugged into a mobile device and the credit card can be swiped through the terminal. The credit card is then processed with the phones internet connection.
A mobile transaction can also take place without the use of a terminal. Instead a special app is used where the credit card information is typed in. The app will then send the information to the merchant service so that it can be processed.
The last type of credit card processing is the manual option, which is quite an outdated machine. The merchant will use a manual credit card imprinter that will make a copy of the customer’s credit card.
The credit card is placed on to the machine where it is then covered with a special paper. A lever is then pulled so that the machine rubs against the raised numbers and letters on the credit and transfers it to the paper. The information is then typed up manually and sent to the merchant service.