How To Choose The Best Free Credit Card Reader
Remember, there isnt a single processor out there that can offer the lowest costs to every merchant. What might be a very inexpensive solution for you might not be such a good deal for someone else. Also, paying the least amount of money for processing wont be of much use if you have to worry about your account suddenly being frozen or shut down or if the customer service behind your account isnt adequate to solve technical problems for you when they arise.
Here are a few things to keep in mind when choosing which free reader is best for your small business:
- What features come with the reader?
- What does the processing cost?
- Are you in a month-to-month agreement, or will you be locked into a long-term agreement?
- If it is a long-term agreement, is there an early termination fee?
- Whats the connectivity of the reader?
- How long is the battery life?
These questions will help you keep track of the basics and identify the most important details for you when it comes to making the best choice for a free reader.
How Did We Choose These Credit Card Readers
To narrow the list of best credit card readers for small business to five, several criteria were considered. Simplicity was essential since most small business owners don’t have the time to set up an intricate card payment process for their business. Devices that are “plug and play” and have solid customer support available were a priority.
In addition to ease of use, costs were another important factor. Depending on what phase the small business is in, equipment costs, card processing fees, and monthly charges could affect a company’s bottom line. We chose companies offering card readers with affordable, transparent pricing and a simple fee structure without a long list of hidden charges.
Lastly, scalability was important. Knowing you can upgrade to a more advanced credit card reader with the same processor or platform can save you valuable time as your business grows.
How Card Readers Work
Card readers are an essential component of the modern payment processing system. They have become ubiquitous in recent years, commonly used in retail stores point-of-sale terminals as well as the automated teller machines offered by banks. By using card readers, merchants are able to accept purchases from customers and can greatly increase the speed of transactions.
Todays payment cards contain the cardholders personal information in either a magnetic strip, or a microchip, or both. This information includes the cardholders full name, as well as their account number, card expiration date, and validation code. Modern card readers can quickly decode this information from the card and then pass it on to the other parties in the payment network in order to obtain authorization for the transaction.
For example, the information obtained by the card reader must be passed on to the customers issuing bank, which is the bank through which they obtained their credit card or debit card. The issuing bank is responsible for determining whether the customer has sufficient credit or cash to complete the transaction. At the same time, the issuing bank will also check to see if the card in question has been deemed ineligible for future transactions, such as due to being associated with fraud. Assuming that there are no issues with the cardholders account, the issuing bank will transmit its approval to the POS system, and the transaction will be authorized.
Read Also: Td Visa Prepaid
Quickbooks Chip And Magstripe Card Reader: Best For Quickbooks Users
QuickBooks Chip and Magstripe Card Reader service allows you to accept and track any payment typeincluding PayPal, cash, and checksthrough the mobile app. And it syncs up with your QuickBooks account to deliver robust solutions for both mobile and desktop users who want to accept in-person payments and online payments through their website.
From the familiar financial software company Intuit, GoPayment is the best mobile card reader for businesses already using QuickBooks accounting and sales software.
To use GoPayment, youll need a QuickBooks account. It costs $12.50 per month and allows you to enjoy transaction fees as low as 2.4% + $0.25, which is a totally decent price.
Of course, the greatest advantage to the GoPayment reader and app is its integration with Intuits QuickBooks software. Many businesses use QuickBooks to manage payroll, inventory, sales, and other functions, so integrating your mPOS system with the accounting software is a major upside.
The downsides? GoPayment includes higher monthly costs, and the service doesnt offer a contactless payment reader. That means you wont be able to process Apple Pay, Android Pay, or other contactless forms of payment.
That being said, GoPayments QuickBooks integration may compensate for the services higher monthly fees because your transactions are automatically recorded and synced with your bookkeeping software.
Also Check: How To Cancel A Chase Credit Card
What Payments Can I Take
Youll be able to take standard chip and PIN payments for all of the main credit cards and debit cards, like Visa, Mastercard, Maestro and American Express.
Got customers that want to make a contactless payment? No problem. With no extra cost to get set-up, all our card readers accept contactless cards as standard. They come with Apple Pay, Android Pay and Samsung Pay too.
Buying Guide For Best Credit Card Reader
As a business owner, one of the most important decisions youll make is which forms of payment your establishment will accept. If you own a credit card reader, you can accept credit cards and gift cards. You can also swipe debit cards, loyalty cards, key cards, and identification cards.
A credit card reader is capable of reading cards with a magnetic stripe containing personal and account information. When you swipe a card in the reader, payment registers and processes with your point-of-sale system. With some readers, this information loads into your desktop software. With others, it uploads to a companion app. The transaction is also transmitted electronically to the client or customers company or financial institution.
Our overview of basic features and popular types of readers will make your choice a simple one.
Also Check: Withdraw Money From Capital One Credit Card
Are Card Readers The Same As A Card Machine
Yes. A credit and debit card reader is another name for a card machine. In fact, they go by a few different names – you might have heard them called a PDQ machine, chip & PIN card reader or card payment machine too.
Its a device that is used for payment processing, meaning you can accept card payments from your customers using their credit and debit cards.
Shopify: Best For Pop
Pop-up shops are a trendy way to run a business. They allow online small-business owners to try out a new revenue stream: in-person sales. If youre one of the tens of thousands of online retailers selling art, clothes, or jewelryfor examplesetting up a booth or kiosk could boost your brand and your profits.
Shopifys platform has long provided retailers a place to sell their wares online, but did you know it also offers an in-person sales solution?
With Shopifys robust mobile app, online store, and mobile card readers, you can start selling products and processing payments wherever your customers are.
The Shopify POS service starts at $29 per month for the Basic plan, which provides shipping label support, retail reports, and a free swipe card reader for up to two users. In-person transactions on the Basic plan cost you 2.7%, while online rates start at 2.9% + 30¢ per transaction.
These costs put Shopify in the more expensive column compared to some of the other brands we reviewed. But for occasional in-person sales, its a good investment.
Plus, Shopify offers lower fees when you upgrade your plans. For example, the $79 per month plan has in-person fees of just 2.5%. If you plan to expand your physical retail presence and set up a more permanent store, this plan is super affordable.
The bottom line is if youre thinking of testing out a physical presence for your burgeoning online store, Shopify is an excellent choice.
Don’t Miss: Ulta Credit Card Interest Rate
Which Card Reader Is Best For Me
We have a number of credit card readers to choose from. And which one is best for you will depend how your business operates.
Need to take payments at a counter or reception? The countertop reader is ideal. It can plug in next to your till and connects using your phone line or broadband. Its a great option if you only want customers to pay from one area.
If you have a café, restaurant or bar, our portable card machine will be ideal. It comes with a base unit which can be left plugged in at the counter, whilst you take payments using the handset at the table. As long as youre within 50 metres of the base unit, you can get paid.
Our mobile card reader lets you take payments whilst out on the road. Using 3G, it connects to the strongest mobile network in your area to take payment. Theyre ideal if youre a tradesperson, courier, taxi service or if you work at different events.
How Do They Work
Ok so you bought one, you plugged it in and you opened up a notepad app and swiped a card and saw that it spewed a bunch of gibberish on the page. Well, that is a good sign!
If you don’t see it do anything, make sure you are swiping it the correct way. Many of them have a light on the top. Face the mag stripe opposite the light and try again.
How fast should you swipe? Not too fast and not too slow. Just right! You will have to test it out to see what that means for you, your reader and your computer.
If you see the cursor in the form on the Handbid manager and you properly swipe the card, Handbid should parse the data into the fields and leave the cursor in the CVC field for you to hand enter in the CVC.
If you see the card swiped but it did not parse, erase the form data and try again. Sometimes the reader does not properly read the stripe.
If you see the card reader reading data but it does not show up in the form correctly, this is likely a problem with the card and NOT with Handbid or the reader. These mag stripes get worn and when some of the data is missing from it, they won’t swipe. You may have to manually enter that card and move on!
Through Handbid your bidders have the ability to add or update credit card options through the app. Regardless if you are requiring a credit card to bid or not. You may find it beneficial to have your bidder’s credit card ready.
You May Like: What Credit Cards Pull Transunion
Accept Every Type Of Payment
All major credit and debit cards, mobile payments, EMV chip, or contactless payments with the guaranteed lowest processing rates and transaction fees.
S80 Credit Card Reader
The S80 countertop credit card terminal works as a standalone payment terminal. It can process EMV transactions and contactless payments like Apple Pay and Google Pay over an analog telephone line or an ethernet connection. With a built-in receipt printer, the terminal is the perfect all-in-one credit card reader.
A930 Wireless Credit Card Reader
The A930 payment terminal is a powerful mobile credit card reader that can integrate seamlessly with our POS systems or used as a standalone device. Featuring a large color touchscreen and built-in receipt printer, this mobile card reader can operate over both Wi-Fi and 4G cellular and supports the mobile acceptance of magstripe, EMV, and NFC transactions.
How Does A Credit Card Reader Work
The business or merchant enters the amount of the transaction into the terminal and asks the customer to swipe, tap, or insert their card. The reader extracts the bank information from the customer’s credit card and communicates with the financial institution wirelessly or through a telephone line. If the bank or institution authorizes the transaction, it will issue an approval code and receipt in just a few seconds.
Don’t Miss: Credit Score Needed For Cabelas Credit Card
This Article Overview How To Use Credit Card Readers With Handbid
Select this icon to open the Credit Card form.
When the form opens, you can swipe the card through the USB Reader to populate the form. If it worked, you will see the cursor sitting in the CVC field and the rest of the form should look correct .
All you need to do now is enter the CVC. This is a 3 digit number on the card for Visa/MasterCard and Discover and the 4 digit card on the front for Amex. . You can visit this page to see an illustration of where to find this CVC number.
Benefits Of Our Tyro Credit Card Reader And Point Of Sale System Integration
Keep your queues moving and your business booming with Impos and Tyro credit card readers.
Impos and dedicated EFTPOS banking provider Tyro have joined forces to bring your venue an end-to-end POS and payment solution. Streamlining your back-office:
- Eliminates the need for double entries
- Abolishes keying errors
- Improves your sales
- Allows you to do what you do bestfocus on your customers
There are no transaction limits, no lock-in contracts, no set-up costs, no admin or break fees. Payments can be made from all major EFTPOS, credit and debit cards. No wires, no mess its a great credit card reader for small business.
Integrate your accounting, banking, payments, and POS system to get easier access to working capital, allowing you to accelerate your business growth.
You May Like: Comenity.netwayfaircard
Connect Your Card Reader To Your Till For Payments That Flow
Fed up with reconciliation errors because your card machine and till arent in harmony? Are miskeying errors a big reason for lost profits? Well, not anymore. Weve got a solution to sync your card machine to your till its called integrated payments, and it means:
- You can let customers pay from the table or bar in your restaurant without reaching for the calculator.
- No more keying in transaction amounts twice. Once its selected on your till, it pushes the same figure to your card reader.
- Reporting just got easier. Because theres less room for error, everything just adds up.
Our card readers integrate with over 600 EPOS providers. Find out more about how to get started here.
How Much Does A Card Reader Cost
When it comes to trading, no two businesses are the same. So why should their rates be? Well work alongside you to understand what your business needs and tailor your card processing rates accordingly. You can speak to a friendly customer service advisor to get your free no-obligation quote today.
One things for sure, well get you card reader in just 3 days. Our card readers work straight out of the box, so youll be getting paid in no time. They all accept all major credit and debit cards securely as well as the latest technology such as contactless, Apple Pay and Google Pay. Which means you never have to turn a payment away.
Heres why more than 70,000 small business owners like you use Paymentsense.
Free to set up
With no set up costs, low monthly rental and transaction rates based on how much you take in card payments, we could save you money.
Plug in and go
We know time is money, so we never waste yours. Youll get your card reader in 3 days just plug it in and youre off.
24/7 tech support
Our award-winning tech support team is available 24/7. Theyre a friendly bunch whose mission is to make things easy for you.
Till meets reader
Integrated payments lets your card reader and till talk to each other for faster cashing up. And we include it in the price.
Don’t Miss: Google*svcsapps
Choosing The Right Card Reader For Your Business
Card readers, card machines, PDQ machines theyre all different names for the thing that gets you paid. But its not always obvious which type you need. We have 3 types of card readers to choose from. Which one you pick depends on how youll be using it.
Countertop card readers: Ideal for retailers, these card readers stay fixed to your till with an Ethernet cable. Theyre reliable and speedy, and perfect for payments in one place.
Portable card readers: Need payments around your premises? Dont be bound by cables use Wi-Fi portable card readers and collect payments from customers from their table or outdoors in your garden or terrace.
Mobile card readers: Get paid any time, any place. Mobile card readers use mobile connectivity to get you paid where Wi-Fi is hard to find. That means you can now get paid on the road or up and down the country freedom without wires.
Where Can I Get Card Swipers
Handbid used to rent them, but they are so cheap that it did not make sense for us to provide them anymore. You can find our recommended card swipers at USB Swiper, but it is important to note that you need to test them with the equipment you intend to use.
DISCLAIMER: Handbid can’t be responsible for verifying whether these swipers will work with your equipment. These swipers work with our equipment , but we can’t offer tech support on these peripherals. These devices act as keyboards and “should” work to swipe in card data.
ALSO NOTE: these card swipers WILL NOT WORK with the MobileCause credit card gateway.
Don’t Miss: Cabela’s Credit Card Interest Rate