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Physical Payment Terminals And How It Can Help The Small Merchants
Physical payment terminals refer to credit card machines, debit card machines, pay at the table terminal and many more. These terminals support card present transactions whereas some payment terminals support card not present transactions. Standing in the 21st century, we can say that both card not present transactions and card present transactions are very important. However, we are not going to elaborate the types of transactions here. What we are going to say is the importance of credit card transactions.
We are living in an era where cash is not considered as the king of the ecosystem of the economy. People have already embraced the fruitful outcomes of technology and as a result, they are preferring credit card and debit card transactions. Nowadays, it is very difficult to see people making bill payments with cash for a cup of tea or coffee. Therefore, it does not matter whether you are making a small transaction or a big, credit card is being used everywhere.
As a merchant, you have to understand the efficiencies of physical payment terminals. Otherwise, you will not be able to accept credit card payment. Therefore, if you are still following the traditional business strategies, you are actually demoting your business. If you minutely scrutinize the present situation. You will understand that people are preferring credit card transactions in the retail outlets as social distancing has become very important. We at International Payment Solutions understand the present concern. And so, we are always ready to help the small merchants with our advanced physical payment terminals. We offer credit card machines, debit card machines and pay at the table terminal. Depending upon the type of business, you can choose it.
However, starting a new online business for a new merchant is very difficult as things are very complicated in the online sphere. The merchant must understand the functions of payment terminals, various types of credit card processing rates and many more. We have already covered these things and we at IPS offer interchange plus pricing structure. That actually maintains the transparency between the merchants and the merchant processor solutions. Well, before getting into the physical payment terminals that we offer, you must understand the advantages of having a credit card machine in your business. So, do not skip the following points:
Help To Legitimize Your Business: If your business starts accepting online credit card payment. It will help you to legitimize your business. Your payment terminal will display the brand logo of the credit card and thus. You can grab the attention of the cardholders. If the card brand that the cardholder holds and your business accepts becomes the same, it will be easier for you to develop a sense of trust.
Fast And Easy Transactions: Well, you might be surprised to know that credit card transactions are faster as well as easier than cash transactions. Moreover, our credit card machines are capable of accepting different forms of payments. And so, you will not have any problem while accepting payments. Customers might not have a credit card and in such a case, they will make bill payments using digital wallets such as Google Pay, Apple Pay and many more.
Enhance Cash Flow: If your business has a physical payment terminal, you will not miss a single customer as you will be able to accept different forms of payments. Thus, it will enhance the overall cash flow of your business.
Types Of Physical Payment Terminals
Credit and Debit Machines
We at IPS offer multi-functional and technologically advanced credit and debit card machines. These are ready-to-use credit card processing terminals. These terminals are paired with to-notch security and therefore, you will not have to deal with any sort of fraudulent activity. We offer various types of credit and debit machines such as countertop terminals, point smart terminals, long and short-range terminals, clover mini smart terminal, clover flex smart terminal, and point 5 smart terminal.
Pay At The Table
If you are into the restaurant business and want to create a solid impression upon your guests, pay at the terminal will be helpful for you. With this physical payment terminal, you can accept all forms for payments. Moreover, the customers will not have to leave their seats to make payments. It is a portable physical payment terminal and customers can make bill payments sitting at their table.
Not An IPS Merchant?
So, you have probably understood the importance of having physical payment terminals in your business. Now, you need to pair your business with a merchant processor in order to accept online payments from the customers. There are many payment processors available in the market but, we will recommend you to go with International Payment Solutions. International Payment Solutions is also known as IPS and it has years of experience in this field. Therefore, you will always achieve fruitful outcomes if you go choose IPS as your merchant processor solution.