What is a Credit Card Reader?
A Credit Card Reader is a portable electronic device that allows you to accept credit card payments on the go. The reader works with a WiFi or a carrier network and enables you to seamlessly integrate with merchant account services. Most readers are small enough to fit in your pocket. They are available for both Android and Apple devices.
There are a variety of credit card readers available, and you'll want to choose the one that best suits your business. Small business owners may find it difficult to choose a good credit card reader, but there are a number of companies that offer sleek designs, competitive processing rates, and useful point-of-sale systems.
Most credit card readers are compatible with Android, Windows, and iOS. They support NFC and EMV transactions. Transaction fees are based on the payment plan you select. Non-monthly plans cost zero dollars, while monthly plans cost $20/month and charge 1.6% + $0.25 per transaction. You should be aware of the cost of a Credit Card Reader before you purchase one.
Credit card readers are essential for a successful retail store. They help ensure that customers make a safe and secure payment. Almost 80 percent of consumers prefer using credit or debit cards when paying for goods and services.