Welcome to Part II of Choosing Credit Card Processing Terminals.

If you’ve just stumbled upon this article about wireless credit card processing terminals via an Internet search, it’s likely that you already have an idea what you’re looking for; namely, wireless or Smart Phone (mobile) debit and credit card readers. Much of the information here may be a review, but maybe not. In any event, if you’re in need of a wireless terminal for your business or organization, we’d be happy to speak with you directly.

Wireless card terminals were designed specifically for the purpose of processing credit cards in situations where a dedicated phone line or Internet connection is not available. However, simply because a terminal is wireless does not mean it will work on Gilligan’s Island. Transactions are transmitted via cellular signal and have a specific range of operability. In most cases, these terminals are also able to function via battery power, obviously a requirement when power is not available.

Some wireless terminals include a port for a power source and a port phone or Ethernet. This option enables the terminal to be used as a stationary (traditional) credit card reader when a line and power source is available.

Although rates will be the same to process credit cards via a wired and wireless connection, a specific merchant account for wireless will be required in which a wireless fee ranging from $15-$25 per month will apply. There is typically a wireless transaction fee per transaction as well.

To Use a Wireless Terminal or to Not Use a Wireless Terminal

Some businesses, such as taxi or limo services, delivery services, and home contractors depend on wireless credit card readers, but unless a business has a specific need to process credit cards remotely, there is no advantage to having a wireless terminal.

As with stationary terminals, leasing a wireless terminal is not recommended. The cost of purchasing a terminal will end up being far less than the business would pay over the term of the lease.

New technology, specifically relating to the Smart Phone generation, has made wireless terminals obsolete. Apps and small reader devices can easily be installed on a Smart Phone, instantly converting the device to a wireless credit card reader. Companies such as Square offer reasonably low rates and fees, making their service attractive to small businesses that process low dollar transactions at a low volume each month. Yes, there are pros to the latest Smart Phone technology, but there are also cons.

As stated above, give us a call if you’re unsure which option is best for your business. We’ll help steer you in the right direction for your business’ needs.

Virtual Terminals

Check out Part III of Choosing Credit Card Processing Terminals (Virtual Terminals) here.