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The Criteria for Choosing the Right Credit Card Terminal

 

 

When you want to begin accepting credit card payments, you'll start by applying for a merchant account. But still, you may be worried if a credit card terminal will be needed, and if it's required, which type is appropriate for your store. There are many credit card terminal models, and to pick the right type, you have to take into account your credit card processing requirements.

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Conventional Brick and Mortar Credit Card Terminals

If you run a business where the customer has to be physically present at your store to make payments, the most appropriate credit card terminal for you is the counter-top model. This type of a terminal lets you swipe a customer's credit card to accept payment. It also comes with a PIN pad that facilitates the processing of debit card and EBT payments.  This type of a credit card terminal is ideal for a business where mobility and portability are not a concern

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Mobile and Wireless Machines

Mobile and wireless terminals are set up by integrating a credit card reader with a smart phone or tablet. These types of terminals make sense to people that travel to sell their products, meaning that the set up of a traditional model is neither practical nor feasible for their business. If you're a mobile storefront, you'll need to set up a mobile merchant account with your preferred credit card processor.

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Your mobile merchant account provider will also provide a means by which you can download a processing app to facilitate the processing and acceptance of credit card payments. These systems also accept major credit cards, checks, and debit cards. They also provide for the manual entry of credit card information when a reader is not present.

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Virtual Credit Card Terminals

If you're a store that likes online payment processing, a virtual credit card terminal may do the trick. This is a digital payment gateway that will allow you to accept multiple payments simultaneously. To set up the virtual system, you'll need an internet browser, a USB credit card reader (with a swipe slot), and internet connectivity. If you're an ecommerce merchant, this model is ideal for you, and it accepts all major credit cards and debit cards.

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Before you apply for a merchant account, consider your business needs well because those have a bearing on the kind of terminal you'll need. Even if you're being offered a free credit card terminal merchant services, you ought to match the type and features with the way you run your store.

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You may also take a look at http://www.huffingtonpost.com/allen-burt/your-ultimate-payment-gat_b_9329154.html if you want to read/watch further.

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