The first step in setting up a card terminal is to acquire a merchant account with a bank or payment service provider. Remember to shop around for the best rates. Once your application has been accepted you need to lease the actual card terminal, choosing between fixed or mobile units.
You can often source your card terminal from your merchant account provider, although it is also possible to source a terminal from another provider. Most card terminal providers will also service the terminal as part of your monthly contract. And thirdly, you need to install the appropriate phone line or internet connection for your terminal to run on. The whole process should take around a month.
- How do credit card terminals work?
- What are the components of a card processing solution?
- How does a Bluetooth terminal function?
- How does a wireless card terminal function?
- How does a dial up terminal work?
- What are my card terminal connection options?
- What are the latest evolutions in PDQ machines?
- What are the prerequisites for using a chip-and-PIN machine?
- How long does a PDQ terminal last?
- What are the main card payment security systems?