Wireless credit card terminals come with the same aesthetic look of traditional and mobile terminals – they have a magnetic stripe reader, keypad, and can even come with a receipt printer. Wireless credit card processing opens merchants up for business, in whichever way the customer prefers to engage. One terminal may suit a small retailer, restauranteur or a solo operator who offers in-home services, but as the business scales, owners can easily acquire additional terminals, all connected to the same business banking information, allowing for more cashiers, in more places and more opportunities to accept payments. With the same general process as a traditional credit card terminal, the wireless credit card terminal simply lacks the chains that once tied it to one location and gives the merchant the freedom to do business wherever they please.Īnother distinct advantage of wireless credit card processing is that it is an adaptable solution that can grow as the business grows. In today’s competitive market, especially for small businesses that are significantly impacted by dips in sales, falling behind can have devastating effects. For small businesses, failing to accept credit cards to meet the shifting demands of their customers puts them at risk of becoming runner-up against other companies that have taken steps to give them what they want.
Where a retailer outside of a traditional store set-up would have once relied solely on cash, consumer behavior has changed, and more demands are being placed on small operators to accept payment in whichever way the customer deems most convenient. Wireless credit card processing allows small businesses to operate on the move, wherever there is network coverage, to meet the needs of their customer base who are rapidly shifting to prefer card transactions above cash. Small businesses need to be flexible to meet customer demands and agile enough to scale in response to growth opportunities. Wireless Credit Card Processing for Small Business No direct connection to a phone line or network is required. Secure transactions are completed in an instant from anywhere with an internet connection. Wireless terminals are set up to communicate between the business, the payment processor, the issuing bank of the cardholder, and the acquiring bank of the business, all in a matter of seconds. They can simply swipe the credit card at the credit card terminal, and the terminal connects wirelessly to the payment processor to fulfill the payment. Therefore merchants don’t need a landline connection to complete a transaction. With wireless credit card processing, the payment terminal connects wirelessly to the payment processor. What Is Wireless Credit Card Processing and How Does It Work? It’s removed the restriction we once faced when tethered to cords for power and connectivity.įor merchants, wireless credit card processing has opened up the ability to operate on the move, creating possibilities for those with mobile businesses, or those who simply like to take payments while on the go or on location, such as restauranteurs and cafe owners.
From our internet connection to our phones, computers, speakers and even televisions, wireless has penetrated our lives to make things more accessible and give us the freedom to browse the internet, watch our favorite shows and make purchases from wherever we want.
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