POS (point of purchase) credit card terminals are needed to accept credit card and debit card purchases at a business. About 87% of customers pay with a debit or credit card. A card terminal is a device in which a customer will swipe a debit card or a credit card to pay for a service or merchandise. The terminal will then verify and process the payment. There are two different types of terminals, one type has a printer and one type does not. Terminals with a printer can have the thermal paper, which is more expensive initially, but saves on ink and down time to change ink cartridges.
A credit card terminal will do the following:
- Verified it is a valid card
- Flags cards that are reported lost or stolen
- Determines available funds
- Records transactions
- Stops transactions as needed
The terminal will need its own phone connection and to be placed in a convenient spot near the register. It will also need an electrical connection to plug into.
Before contacting a company regarding buying or renting POS credit card terminals, know the type of transactions you usually do through the course of the day, the frequency, the type of service or product that is purchased, and anything else that you think may be useful in determining the best POS credit card terminal for your business. Get a quote on initial cost, monthly fees, and any maintenance the terminal will need. Ask what the policy is when a terminal doesn’t function properly and if a backup terminal can be purchased or rented.
Some of the POS terminals that are available:
- Integrated Terminal and Printer from Dassault-best for credit card only transactions, compact, several memory modes, printer, keyboard with hot keys, upgrade capabilities, small footprint and extended memory.
- Integrated Terminal and Printer from Hypercom-works with draft capture, credit cards, debit cards, and proprietary cards. Easy 35 key, small footprint, ink printer, less that 10 sec dial up, full track 1 and 2 card reader, and 256 k memory.
- Hypercom Ice 5500 integrated terminal and printer-Internet enabled, reads various payment methods including smart cards. Has touch screen, fast processing, thermal printer, and easily integrates new applications.
- Nurit 2085 integrated terminal and printer-works with various payment methods including EBT (electronic benefit transfer) and electronically submitted transactions. It has a thermal printer, wall or swivel mount, analog and digital network capabilities, user friendly menu, and provides batch reports.
- Nurit 3010 wireless terminal and printer-wireless terminal that is all in one. It has a very large range of cards that it will read, batch history reports, programmable keys, rechargeable battery, fast thermal printer, 1 megabyte flash memory (1/4 megabyte transaction memory), 3 tier (level) password protection, and more.
Merchant Data Systems has many POS terminals to choose from. In addition, they provide all of the card processing services that you will need to accept credit card and debit card purchases. You can contact them today and fill out an application form. For companies that also do business online, Merchant Data Systems also provides services and processing for e-commerce.
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