Credit Card Machine?
A credit card machine is a payment terminal, also commonly referred to as a Point of Sale terminal. This terminal interfaces with payment cards to make electronic funds transfers.
How do Credit Card Machine payments work?
Generally speaking, the credit card machine terminal consists of a secure keypad (aka a Pin-pad) for entering a PIN. And a way of capturing data from payment cards. Along with a network connection which enables access to the payment network for authorization. A payment terminal enables a merchant to capture credit and debit card information so it can be sent to the merchant services provider for acceptance. The funds can then be transferred back to the merchant.
Depending on the terminal type, the credit card machine payment allows the client or merchant to swipe, insert, or simply hold a card near the device to grab the correct information. The terminals are linked to point of sale systems which you can read more about here.
With this kind of set-up, the payment amounts and confirmation can be transferred to the merchant’s retail management system. Additionally, all payment terminals provide end to end card data encryption. Click here to learn more.
Mobile Payment Systems
Mobile payment systems allow you to use your phone as a credit card. Paired with an affordable card reader, these systems are not only affordable but allow merchants to satisfy customers for easy, on-the-go payments.
Work With Bank of Merchant
At Bank of Merchant, we offer a variety of credit card machine payments to help your processing needs. We supply the type of devices that speak to your customer base and encourage further spending. Whether it’s a swipe, insert, or tap system, or one that plugs into your phone, we’ll equip your business with the tools needed for your business to grow!
Contact Bank of Merchant today and get your questions on payment processing answered!