Credit Card Equipment

Written by Gregg Ruais
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Nearly all retailers own credit card equipment to accommodate their customers. Many consumers prefer to not carry large amounts of cash with them. Paying with plastic reduces the number of times people have to make stops at ATM machines. Moreover, people who run out of cash a few days before payday need to use credit in order to buy anything. As a result, companies lose business when they can't offer alternatives to cash payments.

In order to accept credit cards, businesses need credit card terminals, printers, paper, and ribbons. The terminals themselves last several years, but the other items must be counted and replenished along with regular inventory. Many businesspeople find it beneficial to buy these items in bulk and reorder stock well before they run out. Thermal credit card printers often cost slightly more money than regular printers, but they require no ink, which means there is one less inventory item to worry about.

PIN pads are another common accessory businesses use. Some people prefer to pay for merchandise using debit cards, which transfer money directly out of personal bank accounts. Many debit accounts require people to enter personal PIN numbers with each use. PIN pads are attached to credit card terminals, and they verify the passwords people enter. Retailers can offer their customers the option of receiving cash back after their purchases, serving the same purpose as ATM machines. Some credit cards require PIN identification as a new security measure to prevent identity theft.

Saving Money on Used Credit Card Equipment

Some businesses save hundreds of dollars by purchasing used and refurbished credit card equipment. Used accessories are often older models that lack the latest technology. However, they still process credit card transactions within reasonable time frames. Some retailers need little else from their equipment.

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