Simpler Smarter Savings

Many businesses have multiple points of sale in their physical stores, and when this is the case, it’s important to also have multiple payment terminals. This allows payments to be processed equally at each point of sale and can add to overall business efficiency. However, setting up payment processing with multiple terminals can be difficult in some circumstances, particularly for businesses which have never added terminals before. The key is to find a good credit card payment processing option and to understand the functions and advantages of various types of credit card processing payment terminals.

The first step will be to decide which types of credit card payment terminals to use. There are several different types of point of sale terminals, and depending on a business’s physical layout and network access, each terminal type has its advantages. Wireless terminals are gaining popularity, as they can be easily set up and moved around without wire installation, but they can also be expensive. Businesses that are setting up permanent terminals probably won’t see a significant benefit to wireless terminals over their wired counterparts. While wired terminals do require some networking installation, they’re significantly less expensive than other options. High-speed and dial-up wired terminals are available. High-speed terminals are absolutely worth the extra money for businesses with multiple points of sale, as they can significantly increase worker efficiency. Dial-up terminals should only be used when new wiring would be prohibitively expensive or impossible.

Once a business has chosen a type of terminal to use, the next step is to find a payment processing company that can provide and support the terminals. Support is extremely important when working with multiple payment terminals, because there’s an extremely good chance that a terminal will stop working at some point in its service period. If a merchant is using six or seven terminals, the chances of a technical issue rise dramatically. The best payment processing companies provide around-the-clock support and service to minimize downtime and to improve efficiency in a business.

Per transaction rates are also important, as when more than a few transactions are being handled each hour, high rates mean significantly lower profits. However, it’s important to keep all aspects of a credit card processing service in mind when making a decision. Costs should be weighed against the features of each service. Credit card processing is an important aspect of any sales-oriented business, and when multiple terminals are in use at a single location, merchants who spend some time evaluating the value of various processing services make the best choices to control their costs and allow for better business growth.