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What Kind of Equipment Do You Need to Accept Credit Cards?

If you want your business to start accepting credit and debit cards, there are several options for you to select from. You can choose to use a merchant account services provider, a mobile credit card processor, or a third party processor that allows online credit card processing. We’ll review these options and discuss the equipment you’ll need for each.

The most common way for businesses to accept credit and debit cards is through a merchant account services provider. This is usually a bank or some other form of financial institution. The merchant account services provider handles the entire process through merchant accounts which it provides to businesses. These types of accounts include retail merchant accounts, internet merchant accounts, and mail or telephone order (MOTO) accounts.

The following equipment is available for payment processing: Simple swipers, point-of-sale ( POS) terminals, pin-pad terminals, or wireless terminals. This equipment can be bought or rented from most merchant account services providers, but you can also buy it from a source other than merchant account services providers.

Your next option, mobile credit card processing, is similar to merchant account services providers, except that they allow you to take payments using your smartphone.

The equipment that this option requires is a card reader that plugs directly into your smartphone. You’ll also need to download a mobile app.

If you don’t want to deal with merchant account services providers, you can choose online credit and debit card processing. This involves third party processors, such as Paypal. These companies handle all of your debit and credit card processing without you having to have a merchant account. These companies allow businesses to put payment buttons directly on their websites. They are also beginning to offer mobile card readers that attach to smartphones and other mobile units.

The only equipment you need with this type of company is your website, if you want to consider that a piece of equipment. Of course, you’ll need the card readers if you’re interested in swiping cards with your smartphone.

As you continue your research, you’ll want to consider the pros and cons of each option. You’ll need to consider the costs involved. You’ll also want to know how secure each method is. You should read all the reviews you can of the different companies offering these services. Visit online forums and read the posts and ask questions. Take your time, remain objective, and your diligence will pay off.

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Testimonials

It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. CreditCardProcessing.com was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

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I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
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