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The world of contactless card machines

4 min read
Discover the convenience of contactless card machines in our in-depth guide. Explore the benefits, types, and the future of streamlined payments for businesses and customers.

In this article we’ll cover:

The United Kingdom witnessed a remarkable surge in contactless payments in the past year, totalling around 17 billion transactions. This figure represents a remarkable 30% increase compared to the previous year.

Contactless payment technology has ushered in a new era of convenience for both consumers and businesses. It streamlines the process of making and receiving payments, fostering an environment where transactions are swift and straightforward. The advent of digital wallets such as Apple Pay, Google Pay, and Samsung Pay has simplified the process of collecting payments via contactless PDQ machines.

Understanding contactless card machines

A contactless card machine serves as a point-of-sale device that leverages contactless technology to facilitate secure and effortless payments. This technology enables customers to complete transactions without the need to physically insert or swipe their credit or debit cards. Instead, a simple tap of their watch, smartphone, or compatible contactless card on the reader is all that's required.

This seamless experience is made possible through Near-Field Communication (NFC), a short-range wireless technology that allows two devices to establish a connection for data transmission. NFC serves as the backbone of contactless payments, with the card machine receiving data from contactless debit or credit cards, as well as digital wallets like Apple Pay and Google Pay.

Types of contactless card machines

There are three primary types of card machines available for businesses: Countertop, Portable, and Mobile.

  • Countertop Card Machines: These devices are physically connected to the internet or a phone line, making them suitable for businesses with a fixed payment location, such as retail stores, supermarkets, or hair salons. Some businesses opt for countertop machines alongside portable or mobile ones for their reliability and as backup options in case of connectivity issues.
  • Portable Card Machines: Ideal for businesses on the move, portable card machines can operate without being tethered to a phone line or the internet. They connect wirelessly to broadband or a phone line, offering a range of up to 100 meters. This makes them an excellent choice for businesses that need to accept payments in various locations, such as restaurants and bars.
  • Mobile Card Machines: Similar to portable machines but with enhanced portability, mobile card machines use a mobile SIM card to connect to mobile networks via GPRS. This feature makes them perfect for businesses and employees that travel frequently, host events, or require payment acceptance in multiple locations.

Benefits of contactless card machines

Contactless card machines offer a host of advantages for both businesses and customers:

  • Speed and Efficiency: Contactless payments are significantly faster than traditional methods, allowing consumers to complete transactions with a single tap, reducing checkout times.
  • Convenience: Customers benefit from a seamless and hassle-free experience, particularly for low-value transactions, as it eliminates the need to insert a card, enter a PIN, or provide a signature.
  • Lower Transaction Costs: Compared to conventional card payments, contactless transactions often come with lower transaction costs for merchants, contributing to overall operational efficiency.
  • Enhanced Customer Satisfaction: The speed and ease of contactless payments can lead to increased customer satisfaction. Businesses that offer modern and efficient payment methods tend to attract more customers.
  • Versatility: Contactless card readers accept various payment methods, including contactless credit and debit cards, as well as mobile wallets like Apple Pay, Google Pay, and Samsung Pay, catering to a wide range of customers.

Preparing for a contactless future

The future of payments is unmistakably shaped by contactless payment methods. This trend is poised to reshape the payment landscape, transforming how transactions are conducted. Advancements in technology, the growing number of smartphone users, and the emergence of digital wallets like Apple Pay and Google Pay are reducing the reliance on physical cash and traditional bank cards.

This surge in contactless payment popularity is driving a broader shift towards digitization in the financial sector. Financial institutions and companies are increasingly investing in and prioritizing digital payment technologies, as more customers opt for contactless payment methods. The future of contactless payments also paves the way for global payment standardization, simplifying cross-border transactions and enhancing spending convenience when travelling.

Contactless payment limits

Another testament to the evolution of contactless payments is the increase in spending limits. In 2021, the UK raised its limit for contactless card transactions from £45 to £100. Digital wallets like Apple Pay, Google Pay, and Samsung Pay, have no maximum spending limit due to their robust security measures, such as facial recognition, and the encryption of card data.

The absence of spending limits, coupled with heightened security, may prompt customers to favour digital wallets over physical bank cards. By choosing a contactless card payment machine, your business ensures that it can cater to all customers.

Buying a contactless card payment machine

Numerous card machine providers offer devices that support contactless payments. At Yetipay, we empower your team with innovative payment tools that can truly transform your business. Our card machine not only supports contactless payments but also boasts a range of additional features designed to optimize your business operations:

  • Always Connected with 4G: Bid farewell to downtime as we ensure your payment devices remain connected and operational, providing uninterrupted transactions.
  • Cellular or Wi-Fi: We understand that flexibility is essential in today's dynamic business environment. That's why we offer you the choice between a cellular connection and Wi-Fi, based on your specific needs. Whether you're on the move, setting up shop in a new location, or simply seeking redundancy in payment processing, we empower you to make the right choice for your business.
  • Custom Branding: Your business is unique, and your payment terminals should reflect that. Our Custom Branding feature allows you to showcase your brand's identity on your payment terminals, leaving a lasting impression on your customers.
  • POS Integrations: Ensure seamless communication between your payment devices and your POS system with our POS integrations. Say goodbye to the hassle of double-entry errors, saving time and effort for your staff. Whether you run a single-location business or a multi-site enterprise, our POS Integration offers a simplified, efficient, and data-driven approach to your business operations.
  • Mounting Dock and Stands: Our mounting docks and stands, equipped with built-in charging capabilities, keep your payment terminals powered and ready for use at all times. This means you never have to worry about battery life during a busy shift or unexpected power outages.
  • Receipt Printing: We offer you the flexibility to choose between a payment device with a built-in receipt printer or without, allowing you to design your payment setup according to your preferences. Whether you prefer a sleek and compact device for quick transactions or one with an integrated receipt printer for detailed, on-the-spot receipts, the choice is yours.

Visit Yeti Card Readers today and enhance your business with the latest in payment technology. Experience the convenience of contactless payments and elevate your business to new heights.