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Credit card machine with chip reader2/27/2024 ![]() In either case, the device connects with the customer’s bank account, provides authorisation for the transaction, then connects to the merchant account provider to actually complete the payment. Sometimes, the card reader is said to be only the actual card-reading module of the credit card terminal.Īlthough the common image is the in-shop credit card machine, the device can also be used to take payments remotely. What is a credit card reader?Ī credit card reader, or chip-and-PIN machine, or credit card machine, or bank card reader, is the physical device that customers use to make payment with their credit or debit (despite the name) cards. ![]() Different types of readers are now competing on the market, based either on accepted payment methods, or more significantly, based on the software model used. Understanding credit card readersĬredit card readers, or PDQ machines, are the financial point of contact between the merchant’s business and its customers. If the difference doesn’t seem so obvious for the customer, there is a world of changes in technology that makes the new systems much more versatile and ready for “click-and-mortar” commerce.Īmong all these types, what’s the best credit card reader for your business? In order to grasp the significance of these changes, and to ultimately know what card machine fits what needs, it is necessary to understand how legacy machines work, and why mobile credit card readers work differently. ![]() There is a now a clear distinction in the market for credit card terminals between the “legacy” devices (countertop, portable and. As “Fintech”, and the new technologies and services it brings keep redefining payments, even credit card readers are starting to look dated – well, most of them.
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