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A Guide to Credit Card Readers

Credit card readers are now a necessity in business nowadays in order to accept credit point of sale. Some credit card readers also have the features of reading employee cards, costumer cards and gift certificates. The role that credit card readers play in the business world today is that they read the costumer’s credit card in order to close or to complete the transaction made, which also makes their role very critical in making sales in the business. The information that the credit card reader gets from reading a customer’s credit card is very important because it verifies and makes sure that the customer’s credit card has the enough credit in it to complete and seal the purchase.

Merchants always ask the customer before receiving the credit card on what kind of credit card are they going to use and that is because of the black stripe at the back of the credit card, which holds all the necessary information in making transactions and different types of credit cards hold different kinds of information. The main reason why merchants ask you or they swipe your credit card into credit card readers is for the credit card reader to get the embedded date on the black stripe at the back of the card and send it to the central tracking and billing system which also forwards the transaction made to the credit card company. After the issuing bank confirms that the credit card is real and not fake, then the credit card company confirms after and then also states that the amount that is stated in the purchase is below or above the customer’s credit limit.

Almost all of the people have seen or encountered a credit card reader in the mall or while making purchase in some places and they are those things that have a magnetic stripe reader, which reads the information of your card through the black strip at the back of it, a keypad where merchants type in the information needed for the completion of the purchase and a small screen to display the information being fed into the credit card reader. In order to attach the credit card reader to a machine, you are going to need a serial port, or a usb cord, and it is also worth mentioning that some of the credit card readers used in the market today have built in printers where they print their receipts while some do not have, but can still be connected to a separate printer.

Mobile credit card readers are also now gaining popularity due to an increasing population of business people that does their business while traveling a lot, because mobile credit card readers are small in size and is also very lightweight, which makes it easy to carry around.

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