Skipping out on this feature puts your business behind the credit card security curve and can even leave you liable to cover the cost of fraudulent transactions.ĮMV (Europay, Mastercard and Visa) is the secure technology standard that most parts of the world use for credit cards. If you’re shopping for a traditional credit card terminal model for in-person transactions, one of the first features to look for is EMV technology. We’ll tell you the questions you need to ask before choosing a POS credit card terminal and break down the jargon so you feel confident about evaluating the answers. Instead, we’ll dive into features that impact your business’ ability to strengthen information security, avoid fraudulent transaction liability and more. We’ll skip past some of the more basic comparison shopping elements (like pricing and customer support) that you probably already feel comfortable assessing. What do you really need to know about EMV, NFC and PCI DSS?Ĭonsider this guide your key to understanding some of the more technical credit card terminal features that could affect your business. One downside is that researching credit card processing terminals can be daunting. Some modern credit card terminals can also process alternative forms of payment, such as mobile payments. A combined 75 percent of consumers prefer to shop with a credit or debit card, so accepting credit cards opens your business up to a wider market than businesses that only accept cash. Investing in a POS credit card terminal carries obvious benefits.
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