People increasingly choose to carry cards rather than cash for many kinds of transactions, as a result of the growth of a cashless society. This behavior happens because it’s simple, hassle-free, and you don’t have to be concerned about your money being stolen. Cards, whether credit or debit, are widely used, along with POS devices. Therefore, in this blog, we will go through the top 5 POS swipe machine options you should integrate for your business.
What is a POS swipe machine?
In short, a card swipe machine will handle successful card transactions. Its primary function is to handle credit and debit card payments. Users will swipe the card, then the money will be taken from a customer’s account and put into the merchant’s account in less than 30 seconds.
POS swipe machines are highly beneficial for both businesses and their customers. It is straightforward for consumers to use this type of machine. They can pay online, by mail, or over the phone. Because of the flexibility that card machines provide, this greatly expands the client base.
Top 5 POS Swipe Machine Options
One of the most well-known swipe machines on the market is PayPal Here. In general, PayPal Here is ideal for small companies with a modest number of transactions.
Which of the versions of the PayPal Here swipe machine you choose will determine how it operates. The Mobile PayPal card reader, for example, will connect to the headphone jack of the device you’re using. The other four PayPal types use Bluetooth to connect to your smart device.
PayPal Here has many solutions, including the Magstripe reader, which allows companies to execute a limited amount of transactions per week without incurring holds. They also offer the Chip &amp; Swipe reader, which is available for free on new accounts.
- PayPal chip and swipe reader: free for the new account ($24.99 for every extra one)
- PayPal chip and tap reader: $59.99
Square hit the market in 2009. Square gadgets are portable and useful for any business thanks to their shape about the size of a hand. The Square card reader would be given away for free to newly signed merchants, which is an excellent marketing strategy.
From anywhere, Square swipe machine can accept EMV chip cards, contactless NFC cards, Apple Pay, and Google Pay. In addition, Bluetooth LE allows you to collect payments on the road or at your counter by linking wirelessly to your phone or tablet. Another advantage of this device is that, users can manage products, inventory, reporting, and more using the Square Point of Sale app, which is available for free.
Regarding pricing, every tap, dip, or swipe will cost you only 2.6 percent + $0.10. There are no long-term obligations or contracts, and there are no monthly fees.
Stripe Here can process credit card payments wherever they are. It contains credit card swipe machines and credit card readers that operate with credit cards.
This machine is compatible with iOS, Android, Windows, and Mac OS X, as well as other operating systems. For those looking for credit card readers, it is a popular option to choose from, thanks to the great compatibility that this machine can offer.
With its custom-built POS swipe machine, which was originally presented in 2016, iZettle has won over thousands of retailers. Retailers may use iZettle swipe machines with iOS 10 or above and Android 5.0 or higher to pay. Additionally, they can also use credit cards or debit cards from Visa, Amex, Mastercard, and other companies using iZettle’s payment methods.
Contactless payments are also accepted, such as Google Pay, Apple Pay, or Samsung Pay.
There are no hidden fees, no lock-in contracts, and no monthly fees with the iZettle swipe machine. It only costs £29 (approximately $40). Furthermore, all cards have a transaction charge of approximately 1.75 percent, which is beneficial to small enterprises.
Payanywhere is a POS swipe machine that accepts both credit and debit cards. It also works with a number of credit card processors to give an all-around service. Mobile phones, credit card swipe machines, tablets, and operating systems are all supported. Payanywhere can integrate with credit card readers that can be connected wirelessly or through a wired connection. Users can take credit card payments anywhere thanks to Bluetooth technology.
To sum up, POS swipe machine plays a crucial role in credit card payment processing. Before selecting the device that best suits their needs, users must first understand the available options on the market.
If you are looking for a POS that supports these swipe machines, let us introduce you to ConnectPOS. This is a cloud-based POS system that has been well-known for ease of use and omnichannel features. Don’t hesitate to contact us if you are curious about ConnectPOS.