Need an internet connection? There’s Wi-Fi for that. Need to print a document in a jiffy? Wireless printers make that happen without the use of USB cords, via instantaneous information transfers between devices. Need a good credit card processing solution? Ahem…wireless credit card terminals will come to your rescue. Since everything else imaginable seems to be wireless, why shouldn’t credit card processing be, too? Wireless credit card machines benefit merchants and customers, so everyone wins. How? We’re glad you asked. Let’s talk about some of the benefits of wireless credit card terminals.
1. Speedy Setup
Do you have the technical prowess to set up a stationary machine? What about the patience to select particular options, push a bunch of buttons or manually input information? And what about the wait times for card approval? Wireless terminals are as simple to set up as getting the device, establishing an internet connection and swiping a customer’s card during a transaction. And rather than waiting maybe days to find out if the card is approved or denied, you’ll know at the snap of your finger.
2. Faster Connection=Faster Transaction
Think about the traditional credit card terminal. How is it powered? Usually through a dial-up internet connection through your landline phone. This isn’t true of wireless terminals. Wireless internet-based credit card processing terminals frequently take on similar sizes and designs as their dial-up counterparts; however they’re connected via Wi-Fi internet. Dial-up, for some, harkens back to memories of the late 90s and slow, sluggish loading speeds. Much like your Wi-Fi connection on your computer, wireless terminals send and receive data instantaneously. Ring ‘em up and send your happy customers on their way!
Does your stationary terminal simply take up too much room or get in the way? Maybe you want to be able to reach your customers outside of the shop (or you don’t have a physical storefront). Wireless terminals, while maintaining the same functionalities of stationary ones, are smaller and easier to move. Wireless terminals, along with their mobile-based brothers and sisters, have afforded freedom to merchants who are always on the go. You can take one to a fairground to sell goods to plastic-paying customers or just about anywhere, while still maintaining access to a full range of features, like the magnetic strip reader, PIN pad and more.
4. Money Savings
- Each and every credit card transaction incurs processing fees. But did you know that the type of machine you use to do the job might make a difference in how much you pay? Credit card companies like Visa and MasterCard charge processing fees based on how a credit card’s information was obtained, i.e. manual keyed entry or swiping, which may be affected by the type of device you’re using. If your stationary machine is old and incapable of processing payments in ways other than manual entry, you will face higher costs. Additionally, processing fees are lower for “card-present” transactions, meaning the physical card is presented for a purchase, rather than its info obtained online of over the phone. If you always have access to your wireless internet-based credit card processing terminal, more of these transactions may occur, saving money.
These are just some of the ways that wireless credit card terminals are advantageous to merchants and customers. A faster overall transaction sends a happy customer on his/her way in a timely fashion and expedites operations for the merchant. And when a business can process payments anywhere, earnings potential increases at the same time convenience does for a customer. Who doesn’t come out on top by using wireless processing? We can’t think of anyone, either…
Authored By: Jimi Romanus