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Point-of-Sale terminals allow a customer to slide their
credit card through a terminal to verify transactions in real-time.
Look for a terminal package specific to your industry. Not
only will the point-of-sale terminal(s) be suitable for your
business, but the supporting package should be geared to suit
your needs as well.
Point-of-Sale terminals begin at about $350, but can cost
up to $1,500 for high-end models. Some vendors will allow
you to lease the equipment for a monthly fee.
In most cases, the point-of-sale terminal is connected to
the merchant account provider¡¯s network via a
private dial or leased line. This allows real-time verification.
In some cases, the point-of-sale terminals connect to a computer
system. The provider will likely offer to install everything
for a set-up fee.
Software starts at $400. A dependable modem is also required.
For mail orders and low-volume phone orders, customer transactions
are entered into a computer system (or in some cases, a point-of-sale
terminal). Transactions can be integrated into your existing
customer database.The provider will likely offer to install
everything for a set-up fee.
Software must be loaded onto each computer (starting at $400).
A modem must be connected to the merchant account provider¡¯s
network via a private dial or leased line.
If you expect to process a high volume of phone transactions
(several per hour plus), consider an Internet application
service. This service allows quick real-time verification
of each transaction, reducing the potential for chargeback
fees and entry errors.
The Internet application package begins at $400; dedicated
internet access is required; and there is a Monthly Gateway
Fee.
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Point-of-Sale
Terminals
