Magnetic stripe card reader: These are the traditional credit card readers you’re already familiar with.So what do these terms mean exactly? Let’s go over the different ways consumers complete credit purchases. Credit card processors are moving towards EMV chip readers and NFC payment options for security and convenience. Your business should be conscious of customer purchasing trends as they shift to more secure and mobile options. Support your customers’ preferred payment method We’ll also help you decide which credit card terminals are the right fit for you. In this guide, we’ll go through different types of credit card machines available. Are you looking for an all-in-one payment processing solution that hooks up to your POS system ? Or do you need something you can toss in your pocket to accept payments on the go?Įven though your business already accepts credit card payments, you should understand what you have access to. You need to know which credit card machines make sense for your business. The right credit card machine not only captures these transactions but improves your business processes. Last year, the four most popular credit card companies (Visa, Mastercard, Discover and American Express) processed 41 billion transactions -accounting for $3.8 trillion in spending.