Choosing the credit card processing terminal that is the right fit for your business needs can help you minimize processing costs and boost your profits. Credit card terminals come in a variety of types. With a reputable payment processor like emerchantbroker.com (EMB), you can get the best for your business needs.
There are cases when you should have more than one merchant account to meet your processing needs. This is true of those business owners who operate a retail establishment and have an online presence as well. Some terminals process multiple merchant account transactions and are the right choice for such business needs.
Other terminals are able to connect to the processor using a dedicated phone line. Latest models can do this through IP connections instead of using phone lines.
If you’re considering opening a merchant account and need a credit card terminal for your business, turn to EMB to take your business off the ground and start growing. EMB is voted the #1 high risk processor in the US and boasts an A+ rating with the BBB.
So what type of credit card terminals do exist?
- Traditional Retail/ Countertop Terminals
If you have face-to-face contact with your customers, you probably run a retail shop or a restaurant. In this case, you’ll need face-to-face, “card-present” (CP) transactions, that is the cardholder and credit card are physically present at the time of the sale. If this is your case, you should choose a countertop point-of-sale model.
You can also use a countertop terminal for “card-not-present” (CNP) transactions. Particularly, if you are a MOTO merchant who takes mail order or telephone/fax orders, or if you’re running an online business, you can simply key the credit card information into the terminal and process the sale.
- Mobile and Wireless Terminals
In this case, you need to set up a mobile merchant account with your processor and download the appropriate app to your smartphone or tablet. This will enable you to accept major credit cards and signature debit cards.
- Virtual Terminal
A virtual terminal is the link merchants need for accepting credit card and ACH payments online securely and efficiently from their own computer.
Your processor will use your computer’s web browser and Internet connection in conjunction with an attached USB credit card swipe reader so that you can start processing all major credit cards, signature debit cards and ACH payments.
When looking for a credit card terminal, you should figure out which one will best suit your payment processing needs. EMB’s professional team can help you open a merchant account and choose the right terminal for your business so you can start accepting credit and debit cards without challenges.