Merchants: 10 Mistakes that Most People Make
Guide to Credit Card Readers
If you accept credit card payments in your store or website, you should do it the right way and this means you need to use a credit card reader. It is also known as a credit card swiper or magnetic card reader. It might give you considerable cost in getting a credit card reader but the benefits that it gives to your business far outweigh these costs. Whether you are processing cards at a retail store, online or even on your mobile phone, it is easy to integrate a card reader and take advantage of the many benefits.
When credit forms are processed it will include a lot of mistakes including miscoding or misspelling the creditor’s name, the address, bank account number etc. and when you accept check even a simple erasure or an incorrect date may mean that the shop owner would have to go into a lot of trouble to make the transaction legitimate. By the simple action of swiping a credit card you get advantage of a card reader that makes no mistakes. And because it is electronically processed, all types of verification is subjected spontaneously.
Swiping and reading the card is done is a very fast manner unlike the traditional way so writing them or typing in the numbers, etc. This means that whether you are a small business that processes only two cards a day or an enterprise swiping thousands of cards every hour, your time is still money spent on your side.
Your cashiers are relieved and will no longer have to face making mistakes processing if you use a credit card reader for your business. You should not over look this.
Speaking of which, you customer may be a bit uneasy about you manually typing in their credit card number, and understandably so. Typing a credit card number manually is far less professional that using a credit card swiper. If you are still using the traditional typing numbers method, you will indeed look old fashioned and amateurish, but deeper than that is the questions that consumers might have in their minds on why your business is not concerned about their convenience and security.
credit card swiper is a novelty compared to the full type terminals. Startig to accept credit card payments online will make this more evident. When it comes to size and weight, countertop terminals are heavier and cumbersome compared to the smaller card swipers which also cost significantly cheaper. An additional wireless services in required for credit card terminals and they need to reprogram it for each processor which will surely cost you money. You also need a contract for most point of sales terminals. It is said that using a low key credit card reader is a much better option is you are accepting credit card payments online.
This means that whether you are running a few cards each day or processing multiple transactions every hour, the benefits of a card reader for credit card processing are pretty clear. What this includes is security, flexibility, and convenience.
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