With cheques slowly becoming a thing of the past and the move of the consumer market to be more heavily focussed online, it is the natural next step for a merchant to look to accept credit card payments. There are several components you need to be able to accept card transactions (especially if doing so via an ecommerce site) but at the centre of this is a credit card terminal.
The business community demands both fast and secure methods of payment, with the customer and the merchant alike needing transactions to be processed with peace-of-mind. Whilst there are other options online enabling you to accept card payments, a terminal offers you the necessary security and swift processing required by the modern business user.
Whilst traditional businesses will possess a credit/debit card terminal that is connected to either a telephone or internet line, more and more businesses are seeing the benefits of having a wireless device. A wired terminal may offer cheap access and speedy processing but a wireless card terminal provides the merchant with the ability to access wifi and actually leave the desk/office/counter to process card payments. A ‘bricks and mortar’ business that relies on face-to-face transactions (such as those in the retail or hospitality sectors) can really benefit from the ability to move the terminal around their place of business and make life for the customer more convenient.
Battery life is often cited as a negative for the adoption of wireless credit card terminals but it is overlooked that modern day devices are fitted with a battery backup, allowing ample time for a merchant to be away from the power source and still process transactions.
The Next Step
After you have established your merchant account the next aspect you need to acquire is a card terminal. Many providers offer these so take your time on picking the right terminal to match your business.