Currently, credit card machines are present in almost every kind of establishment. For business owners, not having a credit card machine can actually discourage customers from making a purchase. However, before entering the twenty-first century, businesses should first apply for a merchant account. After approval, the business owner can then use a credit card machine to process each and every transaction.
Below are tips to follow when researching and purchasing credit card machines.
1. Credit card machines should be PCI Compliant. Simply put, the machine should pass the qualifications and standards set by the Payment Card Industry (PCI). Additionally, the credit card machine of your choice should obey the guidelines set by the Federal Trade Commission (FTC). It is also important to check if the machine offers warranty service.
2. Check to see whether or not your merchant account provider will assist in the installation of your credit card machine. This is important because installation errors can result in additional charges, and improper usage may result in declined credit card transactions. So if your merchant account provider does not offer installation, it is essential that you as a client are knowledgeable in the correct steps needed to install your credit card machines.
3. The Better Business Bureau (BBB) provides records of merchant account providers. Check that your provider has a clear BBB record. Even legitimate companies receive complaints from customers, so make sure your provider has resolved any complaints against it by the time you partner up with the company.
4. If you don’t have the money to buy a credit card machine, leasing is also an option, but it is more practical to buy and have a one-time payment rather than lease and pay in monthly installments.