Business owners and clients always look for the best ways to handle payments for products and services. If you own a business, online or offline, you need to have a good framework for handling payments. This has to do with making transactions a lot easier for people to handle. Card payment technology has been around for several years now, and information and communications technology keeps evolving every single day.
As a business owner, simply setting up an online presence for your business is not sufficient enough. It is imperative that you come up with ways to handle payments, which involves things such as integrating a payment gateway on your business website. There are several payment gateway providers out there, and your goal should be in choosing the right one, which is also very efficient.
With many options available to merchants to handle payments today, people keep asking the question what is chip and PIN? Which is a bit confusing for individuals that are not familiar with this kind of payment technology. The whole initiative is backed by the UK government, with aim of implementing Europay, MasterCard and Visa approach for smart payment cards. These cards simply contain chips that are integrated to handle payments. Like most payment gateways out there, the card supports the use of a PIN, which is used for authentication while in use.
Chip & pin card machines have proven to be one of the most effective and efficient card payment technologies over time. It is worthy of mention that these payment systems come in handy for processing physical transactions, where customers are present at the point of purchase. Keep in mind that there are several providers of the chip and pin card machine, which make it possible for people who cannot afford to buy the machine to either lease or rent the machines.
For those who are not familiar with the chip and pin card machines, it has several features, which you can choose from. Some brands have full support for 3G Internet access, Bluetooth connectivity, and ePoS integration. When looking for the ideal chip and pin card machines for your business, make sure you take the time to consider the cost implications of getting the machines.
Chip and pin card machines are not the only card payment methods used by merchants today, as credit card processing terminals are also gaining a lot of popularity over the years. Credit card processing terminals are used for handling credit card payments i.e. the hardware needed for the payment to be processed. Depending on your payment gateway, you can make use of the right kind of credit card processing terminal or POS. Merchants using the Shopify payment gateway can make use of the Shopify POS to keep their offline and online inventory up-to-date.
Card payment technologies keep evolving and it becomes imperative that business owners keep up with this change, by using payment systems, which can be integrated easily to their existing solution.
Related pages from around the web:
- Chip & Pin Card Machines - Compare Top UK Card Payment Terminals
- Credit Card Processing Terminal - Credit Card Machine for Shopify POS
- What is Chip and PIN? - Definition from WhatIs.com
- 8 FAQs about EMV credit cards