Electronic Payment transaction Services provided by Merchant Services Companies

Posted by Alfredo De Leon on June 27th, 2017

Electronic money is a great medium and quite a useful one because it is highly convenient for people to use. Just with a swipe of a card you can make payments against purchases you have made in a particular business outlet. A beauty parlor will accept payment from your credit/debit cards so you can just make the appointment and get your job done without transacting cash from your wallet. Now the point is whether your vendor is equipped to receive electronic payment or not. The answer is mostly yes because the idea has caught up every business mind and merchant services companies have made it sure that starting from a booking counter to restaurant, a canteen to a retail store, barbershop to a spa has the card accepting services so the customers are given the most  modern payment services.

The merchant services companies offers a wide range of card or PIN accepting devices so as to facilitate customers and here are some of them that you can possibly install at your establishment.

Counter Top payment acceptance system:  It is the most widely used electronic cash register which allows an enterprise clock the payments and produce bills and make the final transaction of payment by swiping debit or credit cards of customers. This is a great device which would be planted on your desktop and accompanies by barcode readers and light sensors which would pick the price and feed into the computing device for calculation of bills. These countertop devices are designed to accept all kinds of payment cards and also the widely used in the market.

Wireless Payment accept system: these are mobile terminals programmed to accept magstripe, EVM chip and NFC cards and other contactless payments and are convenient to bill customers on the go.

Mobile Payment acceptance solutions: These have EVM compatibility and the NFC capabilities handheld point of sale device which is mobile.

Virtual or Online Payment system: it is internet based solutions where the merchant can accept all kinds of payments except cash and get the payment in his account the next day or the same day after the customers give details of their bank accounts and the permission to withdraw money through payment gateway.

POS Cash Register: this is phenomenal because you will sight this device at every mall, superstore, restaurant, and so on. It is swivel stand mounted and is foldable and has a touch screen to enter inputs and a payment device which will calculate and produce bills.