Elevate your business with the right credit card terminal.
Initiate and Complete Transactions
You know what a credit card terminal is, but do you know how it works? Information travels from the terminal to the credit card network to the issuing bank, then back from the bank, to the network, and to the terminal once more. Terminals ensure this process only takes a few seconds.
Swiping a card is quick and reliable. It’s the most established of methods, so many customers prefer this type of transaction.
Tapping a contactless card or smartphone is the fastest way to process a transaction, averaging 2-5 seconds.
Accept Payments With Ease
With the right terminals for your business, you can make transactions easier than ever. A good payment terminal means efficient payment processing!
It’s also important to know that there are several different types of terminals. Bank of Merchant helps you craft a payment processing plan that encompasses the specific terminals that work for your business. These could be anything from mobile terminals to virtual terminals.
Benefits of Terminals
- Easier and faster payment methods for both you and your customers’ convenience
- The ability to use contactless readers to accept payments (i.e. terminals that let customers tap mobile phones which store credit card information)
- Reduce the use of cash-handling in your business
- Lower chance of possible errors in transactions
- Improve your customers’ experience
The Right Terminal and Payment Processor
Choosing the right terminal for your business can be daunting – but it doesn’t have to be. Bank of Merchant works with you to create an individualized plan for your company. This means that we help you decide what types of terminals will work best for the industry that you are in.
Contact one of our agents today and we’ll get you started on creating a payment processing system that works for you.