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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

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We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. In 2019, 77% of US consumers were using at least one type of digital payment system.

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How to Select the Best Payment Terminal for Your Business

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Cash is no longer having its moment; card payments are in. From debit and credit cards to Google or Apple Pay, digital, contactless, and mobile payments are on the rise. But if you’re stuck, worry not: in this article, we’ll help you find the best payment terminal for your business. Learn More What’s a Payment Terminal?

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How to Find the Right Credit Card Terminal for Your Business

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There are many different types of payment terminals to choose from, and you need one that’s going to help your business operate the most efficiently. Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits.

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Understanding the Payment Terminal: Integrated vs. Semi-Integrated vs. Non-Integrated Payment Terminals

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consumers using cash for purchases , choosing the right payment terminal for your business is more important than ever. Businesses need to streamline the entire payment process by offering customers a payment setup that’s fast and convenient for credit card transactions. A Comparison of Different Payment Terminal Setups?

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Card Machines: 6 Ways to Save Money on Payment Processing Equipment

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Then when you layer in the need for payment processing, the complexity of managing your finances escalates significantly. Lease-to-own agreements differ in price, depending on the type of terminal you purchase (wireless are more expensive than older models), the length, and if your business requires a separate receipt printer.

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Tap to Pay: What It Is and How It Works

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Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. Contactless payments became a must-have during COVID. NFC technology is in the midst of an evolution.

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

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Chip and PIN cards are authorized with the cardholder’s personal identification number (PIN), while chip and signature are authorized by the cardholder’s signature that is matched to the back of the card or to a signature on file in the credit card’s database. The chip does not affect the price of processing payments.