Magnetic Card Readers
Find magnetic swipe card readers that work for you
When you own a retail business, serving your customers efficiently and quickly is your number-one goal. Being able to move product is extremely important, which means that most business owners need to have a system that accepts multiple forms of payment. Magnetic card readers allow businesses to accept other forms of payment instead of cash, including credit and debit cards. This can make customers choose them over other retailers because they can pay in any way without a hassle.
As well as being able to accept plastic forms of payment, magnetic card readers can also read store cards and gift cards, making it easier for cashiers and customers to process payments and discounts as well as customer information. Whether it's part of a credit/debit machine or a standalone system, magnetic stripe card readers definitely make business easier.
Choosing Magnetic Swipe Card Readers
On the back of every credit or debit card, there is a magnetic stripe that processes and transmits information to a POS system. Through this stripe, the magnetic card reader can deduct payment from the customer's account and transfer the funds to the store.
Magnetic stripe readers can be as simple as an attachment for your POS system, or can come as part of a credit/debit card reader. Mostly, you will find magnetic card readers as part of another system, which may also include a built-in printer to easily print receipts; otherwise it will send that information to your POS system and you can print it from there. Though most hook up wirelessly to your POS, you can also buy portable magnetic card readers, which work for businesses like restaurants, where long lines at the cash register can cause inefficiency and dangerous situations when wait staff are trying to get by with food.
Be aware that there may be fees for using a credit or debit card system. Before purchasing, research the different companies that offer this service to find out which fees you might pay. This may not be a good option for smaller businesses with a lot of overhead. You could always go for cheap magnetic card readers, but they will likely have fewer features and may be a bit unreliable, so choose carefully.
When choosing a payment system, give serious thought to ensuring that it has a magnetic card reader. This will make your business much more efficient and allow your customers to pay the way they want to without worrying about having the right amount of cash on hand.