![]() ![]() Transaction rates – What is the transaction fee for each sale? Is this a flat fee for every transaction? Some providers operate a sliding scale. Ongoing fees – Are there any ongoing fees to consider? Set-up process – Is this fast and straightforward? How quickly will the reader arrive after you submit your order?Įase of use – Is the app easy to use? Is the card reader easy to connect to your mobile device? Is the app supported by your mobile operating system (iOS or Android)? Upfront cost – Most mobile card readers are available for under £100/$100. There are several key points to consider when choosing a card reader for your small business: How to Tell Which Small Business Card Readers Are Good? It is important to choose a card reader that is compatible with the mobile device you will be pairing it with.įor example, if you intend to use an iPhone, you must make sure the card reader operates with an iOS app. These are often determined by how many sales your business makes each month. Some are available on a pay-as-you-go basis, whereas others have monthly rental charges. If you choose a stand-alone card reader (for example, the SumUp 3G) you will not need to worry about connecting the reader to a mobile device.Įqually, you will not need to have a Wi-Fi connection or use up your mobile data allowance to process transactions. In many cases, mobile card readers remove the need for a keyboard or printer at the point of sale, although there are some exceptions.įor the card reader to work, your mobile device will need to be connected to Wi-Fi or have a mobile data connection. The customer taps their card on the reader (for contactless payments) or inserts it into the reader to use chip and PIN. To use the card reader, you must download and run an app on the mobile device before entering the transaction details into the app. This can be either with a cable or through a Bluetooth connection. There are some stand-alone options however, many mobile card readers must be connected to a mobile device. Mobile card readers are lightweight and compact: most are about the same size as a credit or debit card. ![]() However, if your business operates from more than one place, a mobile card reader is a better option. Many retailers upgraded their chip and PIN readers to ensure they would be able to accept contactless payments.įor transactions under a certain amount, customers can tap their card on the reader, without having to enter their PIN.įor businesses only operating from one location, a traditional chip and PIN reader will probably be sufficient. In 2007, contactless payments were introduced. Chip and PIN is a highly secure method for accepting card payments. It works by reading the microchip in the card and taking a payment from the customer's bank or credit account. What Is a Mobile Card Reader vs a Traditional Chip and Pin Card Reader?įirst launched in 2004, the traditional chip and PIN system was designed to process credit and debit card sales. Do you need additional services, for example, an inventory or POS system?.How many sales does your business make each month?.Do your customers shop online or through an e-commerce website?.The best card machines for small businesses will depend on a few factors. Investing in a high-quality card reader will help to improve the customer experience, leading to increased sales. Enabling them to pay by card or mobile wallet helps to increase sales potential.Īs a result, a card reader is essential, regardless of the size of your business. With so few people choosing to carry cash, it is important to make the payment process easy for customers. They have become even more prevalent since the start of the pandemic. Why Do Small Business Owners Need Them?Ĭashless transactions have been growing in popularity in recent years. You can use this knowledge to weigh up the pros and cons of each card reader to help decide which is the best card reader for your small business. In this article, you can learn more about the different card readers available. These are available either on a monthly contract or pay as you go basis. Small businesses can choose from a range of different mobile card readers. Many businesses have chosen to replace large, stationary chip and PIN machines with smaller mobile card readers. Mobile card readers help small businesses to efficiently process card payments. Transfer monies into the merchant accountĪll these actions happen in a matter of seconds.Credit card processing is an important factor in selling goods and services.Ī card reader (or card machine) provides an efficient way to process these card payments.Ĭard readers are also known as chip and PIN machines, card terminals or PDQ (Processing Data Quickly) machines. ![]()
0 Comments
Leave a Reply. |