Choosing the Right Card Reader is the best for Small Businesses
How can small businesses like yours adjust to the growing demand for cashless payments? It may seem like a challenging and expensive task, but don’t worry—the solution is relatively simple. All you need is a reliable credit card reader.
The current market is saturated with card machines from a broad range of providers. As a business owner, it is your responsibility to find the best card reader for small businesses. Don’t know where to start? This guide has everything you need to get started:
1. First, determine your goals. What modes of payment are you willing to accept? Card readers for small businesses come in different shapes and sizes, each having its main function.
For example, a countertop card reader is most suitable for grocery stores and clothing retailers. The static nature of this device allows businesses to take payments from a set location.
Meanwhile, restaurants and bars may be better off with portable machines. This card reader operates via a Bluetooth connection, allowing staff to process transactions within a specific range. Mobile card readers work similarly, though the primary difference is that these machines require a phone network to work over a wider area range.
2. Consider the methods of payment you are willing to accept. Chip and pin, a successor of the magnetic stripe method, is the most common choice for small businesses. However, more establishments are adapting to contactless payments such as tap-to-pay and digital wallets. Contactless services are quicker and more convenient, albeit a little more expensive.
3. Smaller businesses tend to have smaller budgets. That’s why you need to consider the fees that come with card readers for small businesses. When it comes to rental costs, countertop card machines beat the rest for affordability. On the other hand, portable terminals have slightly more expensive rental fees, while mobile devices charge a transaction fee instead of monthly costs.
Have you finally decided on the most suitable card reader for your small business? The last step is to find a dependable provider. You can use an online comparison tool to see the significant differences among industry-leading credit card machine providers. Checking reviews and recommendations is also helpful in narrowing down your search.
About the Author:
Compare Card Processing Ltd offers a platform to compare card readers available in the UK and finding the cheapest card machine for your business, credit card terminal providers in the UK.
