A credit card terminal, also known as a payment device or electronic fund transfer (EFT) device, is a point of sale (POS) terminal that a merchant can use to perform transactions through a credit/debit card.
Though there are variety of credit card payment terminals available in the market to retailers, most of them have similar functions. These devices allow merchants to insert/swipe, or manually enter the required card details, to transmit the payment information to merchant service provider for authorization and transfer funds to the merchant’s account. The card readers also provide receipts for the payment made using an inbuilt printer.
Though there are variety of credit card payment terminals available in the market to retailers, most of them have similar functions. These devices allow merchants to insert/swipe, or manually enter the required card details, to transmit the payment information to merchant service provider for authorization and transfer funds to the merchant’s account. The card readers also provide receipts for the payment made using an inbuilt printer.
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