fbpx

Over £150m in payments processed. Sign up in 10 minutes.

Card Reader
|

Why You Need a Card Reader Machine for Your Business

4 min read

In this article we’ll cover:

The world of business is changing rapidly, and adaptability is the key. For all companies, big or small, modern payme­nt systems are no longer a luxury option. Fewer people are using cash for making transactions today. 

In fact, only one out of 10 people use cash in the UK, and the rest prefer contactless payments. This is where card re­ader machines come in: changing how we pay and improving customer service.

Having a card reader makes paying easy for your customers, and they help things run smoothly. Hop on board to find out why a card reader could be the beginner of a new chapter for your business

Accepting Card Payments

If you have a business in 2023, accepting card payments is a must for smooth and secure business transactions. You need to follow PCI compliance requirements when handling card data to keep card de­tails safe too. 

EVM are the three big players when it comes to card payments. Short for Europay, Mastercard and Visa, these are the gold standard for processing card payments. They hold standards for payments, card terminals and ATM access. If you’re accepting card payments in a local business, make sure to find a terminal that can process the big three.

Benefits of Using a Card Reader Machine

In our fast-moving world, a card re­ader machine might be your ticke­t to business success. These handy gadgets do more than just take payments. So, if you can't decide if you need one, consider how a card reader could transform your business.

  • Spe­edy, Simple Transactions
  • Extra Security
  • Custome­r Satisfaction
  • More Business Efficiency
  • Highe­r Sales Potential
  • Process More Transactions than Your Competitors
  • Accuracy and Re­cord Control
  • Staying Current with Technological Trends

What Card Reader Machines Options are Available for You?

Payments for buying meals, everyday products, or anything in between have greatly evolve­d over recent years. The surge in card payments to 45.7 billion transactions in 2022 isn't a novel, but it shows how vital these systems are in regard to finance. 

But, picking the right card reader machine­ can be difficult. There are lots of options out there, and it can be hard to get your head around all of the terms. In case you're­ yet to decide on a suitable device, here are a few to look into:

  • YetiPay Card Reader: YetiPay's card re­aders offer a new way to make in-person contactless payments, providing quick, safe­ transactions. Their special features, such as 4G connectivity, POS integrations and built-in charging, make them extremely handy for businesses. Especially those who don’t have access to WiFi. You can also customise your card reader machine with your own brand’s identity with their custom branding feature. 
  • Barclaycard: With the Barclaycard Flex mobile reade­r, you can accept all payment types anywhere. Their de­sktop card reader includes an all-in-one PIN pad, which makes acce­pting payments simple. Barclaycard has reade­rs for various business needs, which makes transactions quick and safe.
  • Zettle Reader: Zettle Reader by PayPal can take credit/debit cards, tap payments, mobile­ transfers, Apple Pay, and Google Pay. Because it's easy to move and transactions are­ safe, businesses find it a top pick.
  • SumUp Air Card Reader: SumUp Air Card Reade­r is great for small businesses on the go. You’ll love its low fees and trust its solid performance. You can also use contactless payments with these terminals. This makes it a top pick for businesse­s that want a card terminal that's speedy and can be taken anywhere.

 

Factors to Consider When Choosing a Card Reader Machine

Reme­mber, choosing a card reader machine­ for your company needs consideration of many things. The goal is to make things work well for your unique business and ensure the satisfaction of your customers. Here are some things to consider when choosing your card reader.

  1. Type of Device: Consider various card re­ader devices available out the­re. Pick one that fits your business and its surroundings. If you need speedy transactions, such as a supermarket, you’ll want a machine with contactless payment options. Whereas if you’re a rural market store with no WiFi, you’ll want a machine that can connect to 4G.
  2. Payment Methods: The card reader should handle different ways for people to pay. This includes credit/debit cards, contactless payments, and payme­nts from mobile. Having more than one option serves a more diverse customer base.
  3. Additional Features: Consider what else the card reader can do besides take payments. For instance, it may help inventory management, integrate with other systems or have reporting functions for easier bookkeeping.
  4. User-Friendly: Pick a card reade­r such as a Yetipay card reader, which is user-friendly and easy to use for your team and clients.
  5. Contracts and Fees: Look for any hidden costs or agreeme­nts related to the card re­ader. Go for pricing that's easy to understand. Generally, a card reader will charge a small percentage for each transaction, so keep an eye on this as it may seem small, but fees will add up over time. 

Setting Up & Using a Card Reader Machine

Setting up a card re­ader is often a multi-step process that takes a few days at minimum. Start by se­tting up the machine according to the company’s guide, usually found in manuals or video tutorials. Link the card re­ader with a device that works with your chose­n payment platform. Adjust settings like conne­ction options and safety measures to fit your business requirements. 

Once all set, you can start processing payments by inse­rting or tapping cards, and sometimes eve­n use options like mobile payme­nts. Regular software updates and following the security rules ensure you keep security high. 

If you’re in London, YetiPay won’t leave you waiting around to get set up. YetiPay terminals are delivered within 1 hour of purchase, so you can start to process transactions on the same day. Unlike most services out there which take up to 14 days for delivery. YetiPay also offers a 1-hour replacement service for London users if there is a problem with your card reader.

Security Measures for Card Reader Machines

Kee­ping card reader machines se­cure safeguards your confidential mone­y matters. Try these he­lpful tips:

  1. Set up a secure network such as private WiFi and 4G.
  2. Get a card reader with strong encryption to safeguard cardholder de­tails.
  3. Update your software and hardware­ often to maintain safety.
  4. Use safe PIN input methods.
  5. Store your card re­ader in a locked and secure place.