What is the business terminal?
Today, many retail traders make a large part of their business through credit card transactions. In order to be able to accept credit cards, the trader must take a few steps, including the establishment of a business account. The credit card terminal, also known as a business terminal, is one of the key elements of this cashless trade that allows the merchant to receive credit cards for purchases. In addition, he had several other important components: modem; memory card; the magnetic stripe reader for crossing cards, usually placed on the right side or towards the top of the device; the keyboard through which the credit card number can be entered manually; and the LCD screen to which information such as permissions is communicated. Depending on its age and functions, the printer could be included.
The basic function of the trader terminal is the same, no matter what its specific features are. Customer or merchant ran over the card or keys in the credit numbercards. The terminal contacts the network for authorization. All transfer of funds - from the customer's account to the merchant bank - takes place behind the scenes, so the customer and the trader must not participate. Transaction records are kept by multiple parties, so if there is a question about the transaction for any reason, such as returning goods, details are available.
merchants' terminals can complete transactions with debit cards and credit cards. Some are also able to process gift cards and verify checks. This technology is undergoing constant development, so there may be other options.
One of the ongoing developments in business terminals is technology to be mobile. This is an important development for traders who do not work from the façade and even for some who do it. Airlines that offer buying opportunities for flight and experts in home repairs who perform their work in the basement of the customer or under the sink benefits from the facility,that allow them to process credit card transactions outside their operation base. Since 2009, the Apple Store employees have processed transactions on the iPod Touch units that are specially designed to accept credit cards.
mobile technology has several different forms. Some developers have created a software that establishes a trader's terminal around the merchant, while others rely on a mobile phone or a wireless terminal. As with the plug-in terminal, the development in the field is underway.