As cash payments continue to decline, card machines are a critical point of sale (POS) device that can help local businesses offer customers unparalleled convenience. With the right machine, you can easily and securely process all major cards, including magstripes, contactless, mobile wallets and QR codes.
A card machine can be either a standalone hardware or software payment terminal, or it may be integrated into a more comprehensive POS system. It’s important to carefully review your options and the various features each provider offers to ensure that you find the right solution for your business.
The most common card machines are portable devices that operate off of Wi-Fi or Bluetooth connections and can be taken to customers’ tables for in-person purchases. These are ideal for restaurants, bars and service providers like hairdressers or medical practices.
When a customer swipes or taps a card in a machine, the device reads the information stored on the magnetic stripe or chip and sends it to the payment processor. The processor then seeks authorization from the card-issuing bank to verify that the card is valid and has sufficient funds. Once approved, the transaction is credited to the merchant’s account. Many card readers charge a flat fee for every transaction, while others utilize tiered or sliding scale rates that depend on the type of card and the volume of transactions. This can make a significant difference in the total cost of using a particular device. card machines for small businesses