1. The types of payment terminals
The main types of payment terminals are generally:
2. Ensure that your payment terminal is compatible
As a merchant, you should always make sure your payment terminal is compatible with all the softwares used in your business (Gateway, Point of sales, Quickbooks, etc). You will avoid technical difficulties in the long-term that could cost you delays in your payment and missed sales.
3. Decide which connection type is the best for your terminal
Another important thing to consider when choosing the right payment terminal is what method is available for the terminal to communicate with your processor. Although most of them are still equipped with modems and use an analog phone line to transmit transaction information, that is no longer the preferred connection type for payment terminals.
These days, a hardwire internet connection is strongly suggested due to the speed and reliability it provides. However, terminals equipped with wireless technology such as WiFi and cellular service also work well and should be considered if a hardwire internet connection is unavailable.
4. Additional features
The days of just swiping a credit card through a payment terminal are far away from being a thing of the past. In the past 10 years, debit transactions have become more popular and cardholders are even more demanding in terms of features and customer experience. There are several additional features that you should consider adding to your classic payment terminal such as contactless payments (Apple pay, Google Pay, Paypal, etc.), additional transaction types (EBT, Gift cards, etc.), tip’s option, custom receipt with logo, signature, and many more.
At TCB Pay, we have a wide range of payment terminals from the classic standalone to the most sophisticated ones. From retails, E-commerces to Moto (Mail Order Telephone Order), we have the best solutions that will fit your business needs.
Reach out to us at support@tcbpay.com or you may call or text us at 866-444-8585.