This is one of the most important aspects of merchant services. There are 5 different types of terminals available for you to choose from. Each have their own advantages and disadvantages. Below you will see information on each terminal and the examples of businesses that each type will be required for.
Counter-top / Corded terminals
These terminals are perfect for your shops, takeaways and beauty salons, however if you are a business that has customers sitting down in areas away from the till such as restaurants or pubs this is not advisable as it does not offer the best customer experience.
These terminals are the most popular terminals. That is because they are very convenient. They sit on a dock until you need to carry it to the customer either on a table or somewhere else away from the till and arrange payment for that customer whilst they can stay seated. This would usually be used by restaurants, pubs, nightclubs and big stores.
These are the Royle Royce of the chip and pin Terminal world. They can go anywhere whenever wherever to accept payments. They work from 3g technology and have a mobile phone sim contract within these to cover for your usage of taking transactions over the network. You will still of course have to pay a terminal rental and a transaction fee for each transaction used. This terminal would be most helpful for tradesmen or anyone traveling to a customer’s home to take payments whilst they are there. NO MORE BOUNCING CHECKS. Receive your payment with no hassle.
Virtual terminals / E-commerce
These terminals are most useful for customers taking orders for delivery’s or online transactions for a website. The virtual terminal is a online platform where you are able to take transactions over the telephone or on your website.
This would be used more widely on all websites and take aways or restaurants who offer take away or delivered food.