| highly competitive business market, taking advantage | | | | owner access to many reports such as payments |
| of all available tools to help a business thrive is | | | | received, the ability to issue refunds, the ability to bill |
| essential. Choosing the right merchant solutions is | | | | customers (create invoices), and check the status of |
| critical for a business’ success. Today, | | | | pending transactions. |
| merchants require flexible, economical, and | | | | PIN Pads: These devices allow a merchant to accept |
| customer-friendly point-of-sale (POS) solutions. | | | | PIN-entered debit transactions. They can be used for a |
| Fortunately, there are a wide variety of merchant | | | | point-of-sale terminal or electronic cash registers. |
| solutions available in the market today. | | | | There are devices available to enter a PIN or swipe |
| Whether you are an online retailer, a traditional | | | | the card. |
| ‘brick and mortar business’, or both, | | | | Credit Card Terminals: These terminals can be basic |
| there are POS solutions that offer speed, reliability, | | | | terminals and advance up to touch screen terminals. |
| upgrades, inventory management, and the ability to | | | | The terminals can support a variety of features such |
| implement additional products such as pre-paid phone | | | | as different types of credit cards, PIN and signature |
| cards, gift cards and loyalty programs, check | | | | debit, and accepting electronic checks, gift cards-etc. |
| guarantee programs, ATM programs, remote deposit | | | | (Wireless) Mobile Terminals: These terminals do not |
| services, real - time reporting, and much more. | | | | require phone lines or electrical cords. Payments are |
| Merchant solutions available in the market today | | | | convenient, easy, quick, and reliable. They are designed |
| include: | | | | for "pay on the go" transactions. A merchant can run |
| Online Merchant Software: There is Internet | | | | a business at a variety of places such as a Trade Fair. |
| technology available that allows an online business to | | | | Check Readers: Merchants use this equipment to |
| provide secure online transactions with a variety of | | | | accept electronic check payments. Merchants can |
| software to process credit card payments, gift cards, | | | | also acquire a check verification service with their |
| electronic discounts cards and coupons, and much | | | | check reader system. This speeds up the transaction |
| more. | | | | process and reduces instances of fraud. |
| A virtual terminal allows customers to enter their credit | | | | Contactless Payment Readers: Customers can make |
| card information quickly and easily. The simplest forms | | | | PIN-based payments or swipe their card for |
| of virtual terminals are screens that include four or five | | | | contactless payments. |
| input fields like the name, address and credit card | | | | Whether you want a full service point-of-sale (POS) |
| number. These terminals are most regularly used for | | | | terminal, an online merchant account, or a basic credit |
| businesses taking orders over the phone. The | | | | card and bank card PAD, there are devices available |
| merchant’s payment gateway will help the | | | | on the market to meet any business need. |
| merchant with collecting credit card information and | | | | Technological improvements have made these |
| authorizing payments. Payment gateways are the links | | | | systems safer, easier to use, and provide better time |
| between the business site and the credit card | | | | management associated with sales and inventory |
| company. | | | | tracking. The result will be increased customer |
| All online merchant services and online stores use | | | | satisfaction, better business management, and an |
| some form of a virtual terminal because most of | | | | increase in sales. Every business will benefit from |
| these terminals are incorporated into the payment | | | | technologically advanced merchant solutions. |
| gateway. The virtual terminal also gives the business | | | | |