A common issue most business owners face is the payment terminal‘s lack of performance.
If the payment terminal is speedy and high performing, each transaction will only last up to 10 seconds. However, a payment terminal’s performance heavily relies on its provider’s reputation.
Therefore, for better performance of the payment terminal, the provider must be reliable and provide the latest model of the payment terminal.
If you, as a business owner, are also searching for a high-performing payment terminal?
You need to look for extended service provider options. Moreover, if you need to learn how to find a good service provider, read this blog to enlighten your mind.
PCI DSS Compliant
The first thing to look for in a payment terminal before purchasing it is to ensure that it is pci compliant. The payment terminals which are pci -dss compliant are 3d secure.
Per the rules of the payment card industry, a payment terminal should comply with data security standards. If it’s not, there is the threat of data theft, and customers’ data is at stake.
Therefore the merchants need to ensure the payment terminal provided by the supplier complies with Payment Card Industry Data Security Standards.
Seamless Process
Customers love the smooth payment process and hate a slow, stuck payment procedure. Therefore the priority should be a payment terminal that offers seamless transactions.
There must be no gaps causing inconvenience during the payment procedure. I.e. portal login issues. All the processes must be smooth and continuous.
Suppose a merchant using a payment terminal of Gateway Online faces gateway online login issues or a skip merchant portal faces skip merchant login issues, interrupting the payment process. These issues make the transactions quite slow, and customers have to wait for a long.
Therefore, if the service provider guarantees to provide the payment terminal with a seamless process, go with it. Otherwise, you don’t.
Customer Support
Customer service plays a key role when the system faces trouble or stops responding. Then merchants directly contact customer support to resolve the issues. If customer support is responsive and available during business hours, merchants can easily resume the payment procedure in case of a technical fault.
However, the advice for merchants is to check if the provider offers a 24/7 service before acquiring the services of a payment terminal.
Also Read: 6 Tips To Pick Out The Best Payment Processors For Your Business
Integrated Payment Solutions
The world is moving fast. The methods and processes of doing things are changing and upgrading continuously. In the same way, payment methods have also evolved. Customers have multiple transaction options, including Credit and debit cards, QR codes and authorized mobile payments.
However, payment terminals accepting multiple payment methods are good to go. The merchants should prefer the service providers that offer terminals that are already integrated with multiple payment options.
Whether it be the payment terminal of the merchant direct, opencart or any other brand, it should be able to accept all types of payment authorizations, including credit cards, debit cards, QR Codes and mobile payments.
Latest Model
The latest payment terminals are super efficient and fast, unlike the old ones that could not multitask simultaneously. The new payment terminals process transactions within seconds, adding to the convenience of both merchants and customers.
If you want to make the transactions super speedy, try to acquire a provider’s services with the latest payment terminals models.
If you are stuck on the old version of a payment terminal that is less efficient and slow, it will eventually affect your sales and profits.
The latest payment terminal should have a card reader, RAM of at least 2 GB and above, a camera above 5 MP, a QR code scanner and a fingerprint sensor.
When picking the payment terminal, negotiate with the service provider to provide the payment terminal with mentioned specifications mentioned above.
For a business owner getting hands on a high-performing payment terminal is a must. It gives the power to merchants and retailers to cash more profits and increase sales exponentially. However, to get a superb performing payment machine, ensure the provider company should be exceptional. If you need to know which service provider to consult, we suggest MBE POS.
MBE POS
MBE POS is a payment terminal and point-of-sale system provider offering the abovementioned services. Whether you own a store, a salon, a garage, or a restaurant, the devices of MBE POS are compatible with every business.
MBE POS is a reputable brand in Canada empowering business owners, especially small and mid-sized businesses, with high-performing POS systems and payment terminals.
However, suppose you are a business owner and want to switch to a better-performing payment terminal but need clarification on which provider to contact. In that case, MBE POS is the right provider for you.
Wrap Up
Upgrading to the latest payment terminal incorporating all payment methods is crucial for business owners to compete in the market.
Besides this, a payment terminal’s performance can increase your sales to a greater extent.
Contrary to this, an underperforming payment terminal can affect your sales simultaneously.
Therefore it’s better to opt for a reputable POS system and terminal provider to get a super efficient and speedy payment terminal.