Taking credit card payments is an important step for any business looking to increase its bottom line. But to accept payments online, it’s important to choose the right credit card reader. Depending on your business needs, there are a couple options when it comes to making sure customers have a secure, fast and painless checkout experience.
But the cost of processing credit cards can add up quickly, depending on which credit card reader you choose. Learn what the cheapest credit card reader is, the differences between them, and how to choose the perfect one for your business needs.
Types Of Credit Cards Readers
There are two main types of credit card readers: wireless and wired. A wireless credit card reader allows you to accept credit card payments while on the go. These are perfect for merchants who need to accept payments in different locations, such as flea markets, trade shows, or conventions. A wired credit card reader is usually used in point of sale (POS) systems, and will generally be more expensive than a wireless reader. This is because it requires more software and hardware to operate. Wired readers are also more secure than wireless readers, as data is transmitted over wired connections.Points to Consider When Choosing a Credit Card Reader
When it comes to selecting a credit card reader, it’s important to consider a few points before making a decision. Here are a few important factors to consider when selecting a credit card reader:
- Security – Most card readers encrypt the sensitive credit card information during the payment processing. This makes it difficult for cybercriminals to steal the customer’s data. Some card readers also offer built-in fraud protection to help protect against fraudulent activities.
- Convenience – Some card readers can be connected to mobile phones or tablets, allowing you to accept payments even when you’re away from your store or office. This type of reader is perfect for traveling merchants who need to accept payments on the go.
- Cost – Depending on the type of credit card reader you choose, you may be able to save money in the long run. Some card readers offer discounts for high-volume processing, or lower transaction fees for specific payment methods. It’s important to compare various card reader options and weigh the pros and cons before selecting a card reader.