Credit Card Machine Costs

How Much Does a Credit Card Machine Cost?

So you’re on the lookout for new credit card machines for your business or, perhaps, you’re forecasting replacement costs for your stores and need a working range to work off of. Whatever your reasoning for being here, it’s important to understand that credit card machines are a bit tricky when it comes to pricing. Almost all of them carry a variety of associated fees, and it’s never “just” the hardware. With this caveat in mind, we’ll breakdown the costs into three separate categories: hardware, associated fees, and other miscellaneous fees. Hardware Costs Credit card machines can cost anywhere from $200 to $1,000, depending on the features you need and the company you purchase them from. At the base level, you can expect a magnetic strip, display screen, keypad, and chip card capabilities. If you’re only looking to provide basic service, then you shouldn’t be spending more than a couple hundred…

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Best Credit Card Machine for Small Business

If you’re looking for the right payment hardware to take your business to the next level, congratulations! This is an exciting time. As your business grows and moves through each evolution, you become familiar with the benefits and challenges of investing in new tools and technology. Just remember that making the right choice is about identifying your specific needs and finding the solution that best addresses them. A Credit Card Machine for Small Business: Is it the Right Time? It’s never easy for a small business owner to say exactly when investing in a credit card machine is the right choice to make. Just a few short years ago, running a small business looked very different. In the small merchant business sector, getting by as a cash-only business used to be a viable option. However, as the economy steadily migrates towards electronic payment options, cash-only small businesses are largely a…

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Secure EMV Chip Cards

4 Ways for Merchants to Avoid Fraud After the EMV Liability Shift

Card fraud is a persistent problem in the U.S. In fact, per The Nilson Report, U.S. card losses accounted for a whopping 38.7% (or $8.45 billion) of gross global card fraud losses in 2015. Given that stat, it’s no surprise the major payment networks instituted new rules that very year designed to mitigate the problem. While financial institutions traditionally footed the bill for fraudulent transactions, payment networks can now hold merchants liable for fraud if they accept the payment in store via a credit or debit card’s magnetic stripe and not it’s more secure EMV chip. That liability shift means it’s more costly than ever before for merchants to skimp on payment processing security. Here’s a guide to avoiding fraud with (and after) the EMV liability shift. 1. Upgrade Your Terminals EMV chip readers are designed specifically to prevent “card present” fraud. “Card present” fraud is just a fancy way of…

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Credit Card Mobile Machine

Should I Use a Credit Card Machine or Mobile Card Swiper?

We recently wrote about the various kinds of EMV equipment. Many merchants find themselves looking for a solution that’s secure and can be brought with them to accept payments on the go. We’ve written up a short re-cap of what you can expect from mobile swipers, countertop terminals, and a new breed of “Smart Terminals.” We hope to answer the question that plagues many merchants: Should I use a credit card machine or mobile swiper? This is a question that is not foreign to the merchant. Perhaps this is a dilemma you have had to deal with yourself. Both of these options for payment processing have their benefits as well as downsides. Weighing the pros and cons can be a helpful practice for determining which option would best suit your needs and provide you with an efficient solution to your payment processing. As such, let’s take a look at both the…

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