Tuesday, June 14, 2016

Credit Card Processing Changing at Retail

I often eat breakfast at a low end very nice diner which I like because of location, food, and they have a nifty high tech looking cash register. It's basically a tablet mounted on a little stand. It integrates credit card processing presumably as an and probably has sorts of other useful apps on it.

Square Retail Credit Card Processing
Square Retail Credit Card Processing


When I take a closer look at it and ask some questions, I hear that it's the Square Credit Card system.  The stand has a magnetic strip reader built into it. The attached little white thing is the chip reader. And it also takes Apply Pay.  I asked about fees, payment schedule, and reports. She's nto entirely sure about the fees today but thinks that they are rising to 2.75%. She loves the daily reports. She's a little vague on when she gets her money into her account. I asked about the tablet for credit cards and she says it's an ordinary iPad and she's thinking of adding the Square app for payroll on it too.

Square Credit Card Reader, Chip Reader, Screen
Square Credit Card Reader, Chip Reader, Screen

What's funny is from this little restaurant, I can also see another recent innovation in credit card processing. There is a retail store peddling credit card processing equipment and presumably processing services.  Notice the retail sign below for Ignite Payments and FirstData?

Retail Vendor of Credit Card Processing Services & Equipment
Retail Vendor of Credit Card Processing Services & Equipment

And while I don't yet have a picture, there are also parking meters nearby which are the new variety incorporating credit card payments.  In the credit card processing world, the times they are a changing...



3 comments:

daren sammy said...
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zubair ali said...

These credit card machine use your existing Internet connection to save time and add value for your business and your customers, with an automatic dial backup failover feature to keep your lines moving.

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