At present, businesses need to be able to accept credit card payment in order to stimulate business profit. The present market functions at a rapid pace and in order to survive many small businesses such as retailers are required to make as many transactions as possible in order to survive and even to start expanding the business. The reality has completely changed since a couple of years ago when people used to pay only cash and there was much skepticism related to the use of credit cards due to the fact that users did not feel comfortable with the idea of giving personal bank account information when realizing a purchase. Cash payments generally meant standing in long lines and this ultimately lead to many delays. In recent years, many entrepreneurs have realized that it is more cost-effective for them to be able to accept multiple payments so as to satisfy customer demands and encourage more purchases.

To begin with, accepting electronic payment requires the manager to set up a merchant account that will provide the appropriate equipment for accepting both credit and debit card. In addition to this, the processors accept gift cards and the traditional check. It is important to choose the appropriate countertop card terminal so as to get the best out of the use of the electronic payment. Even if the majority of terminals have basically the same functionalities, there are various types on the market. The terminal is basically a device that is used in order to process electronic purchases and works by transferring account information to the merchant service that either accepts or declines the purchase based on the existing funds in the account. The devices destined to process account information usually transmit data through the intermediary of a telephone line or an Internet connection, meaning that they are wireless and that are easy to carry around. The level of security is ensured by the Pin technology.

The main benefit of a mobile credit card machine is the fact that it can be used successfully with small businesses in particular such as retailers, convenience stores, food services and so on. In addition to this, safety is a big concern with dealing with traditional methods that required writing down the account info on pieces of paper, while with a wireless terminal the card is only swiped during the purchase. In the past, readers require the user to type the PIN number manually which consumed a lot of time. Readers are certainly a lot faster due to the fact that the purchase is processed in a matter of seconds. The rapidity ensured by the terminals also makes it possible for the manger to hire more cashiers. In conclusion, in order to keep the business thriving and the advantages can be summed up in three words: rapidity, security and convenience. The comfort offered by the use of debit and credit cards has stimulated clients to purchase more and business owners need to be able to satisfy their needs and accept electronic payment.

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