cost of credit card machine for small business

You can get an EFTPOS device from the vendor, usually a bank. They are best suited for businesses processing a high volume of transactions, such as supermarkets. This option is integrated with your POS system via the Internet to help simplify sales reporting and reconciliations. This type of EFTPOS machine could be beneficial for small businesses like delivery services, outdoor market stalls, cafes and restaurants where you can process payments at the customer's table. These work in a similar way to countertop EFTPOS machines except they're portable. Countertop machines are suitable if you process your payments from one location (such as a cafe or retail store, where payments are accepted at the counter). Payments are processed in under 1.6 seconds and are compatible with Ethernet or 3G. You can use them to process card payments from a fixed location in your store.

These are attached to your point-of-sale (POS) computer system via a cable.

EFTPOS machines generally accept all domestic credit cards and come in 3 main categories: Customers can swipe, insert or tap their cards against a reader to make payments. EFTPOS machinesĮFTPOS (electronic funds transfer at point of sale) machines are secure and simple to use. Use this guide to compare the different options available, including costs and other factors to help you choose a payment option that suits your business. There are plenty of ways for small businesses to accept credit card payments, including EFTPOS terminals, tap-and-go and online platforms.

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Cost of credit card machine for small business