A credit card reader is a device that accepts and processes payments and decodes information contained in a credit or debit card microchip. Modern card readers are electronic plastic cards embedded with a barcode or magnetic strip or a computer chip. There are four types of card readers that you can find in the market today;
- Smart card readers – this electronic device reads smartcards and is located in personal computers, some keyboards, and some laptop models. This model enables the user to read and write a fixed address on the card.
- Memory card readers – this device features a USB interface for accessing the data on a memory card or a MultiMediaCard.
- Assess control card reader – this device features physical security systems that perform by identification technology.
- Banking card readers – some banks will issue hand-held smartcard reader to their customers to support different electronic payment application.
Many processors offer low-cost readers and charge the user monthly and transaction fees. Your customers can benefit from card readers and make it possible for them to purchase using credit and debit cards.
Today, credit card readers are more flexible, smaller and portable. The payment processor that issues card readers charges a small transaction fee to make a profit. Here are the top three picks of smart credit card readers that you can find in the market today that we will review based on features, rates, and ease of use.
But before we do so, let’s look at some features that you will consider when choosing a credit card reader.
The security of a credit card is a top concern for customers and business owners. You need to ensure that the credit card reader of your choice is PCI DSS compliant and uses end-to-end encryption.
Knowing how much you’re going to pay is essential when running a small business in the UK. When choosing a card reader service provider, you need to ensure that you read through and clearly understand the terms and condition so that you won’t end up paying for hidden charges.
Ensure that the credit card reader is compatible with your website and can connect with Bluetooth and offer apps for iOS and Android devices which are the most popular operating systems for apps and credit card readers.
Ease of use
Contemporary credit card readers are flexible and easy to use and include POS system apps with your reader and account that allow you to manage your business such as data analysis and inventory management.