The market is full of point-of-sale payment terminal options. Here’s how some of the most popular and capable models in the UK stack up
Whether you’re a small business owner or a large retailer, the right payment terminal can make all the difference in streamlining your transactions and enhancing the customer experience. But with so many options available, how do you choose the best one for your needs? In this guide, we’ll delve into the key considerations and provide a comparative overview of some of the top card payment terminals in the market.
Key Considerations When Choosing a Payment Terminal
Security: The terminal needs to be compliant with the latest security standards, such as a PCI PTS 5.0 certification to ensure that your customers’ card details are protected.
Mobility: Depending on your business type, you might need a terminal that supports on-the-go payments via mobile data or wifi, especially if you’re in the delivery, event or transportation sector.
Costs: While it’s essential to invest in a quality terminal, it’s equally important to ensure that the costs align with your budget. The cost of payment processing should also be considered.
Connectivity: Look for terminals that offer multiple connectivity options like 4G, 3G, WiFi, and Bluetooth to ensure uninterrupted transactions.
Battery Life: For businesses that can’t remain stationary or businesses that want a reliable battery backup in the event of a power outage, a terminal with a long-lasting battery is crucial.
Supported Payment Methods: A modern terminal must support alternative payment methods alongside credit and debit card payments. Alternatives like real-time bank transfers, Apple Pay, Google Pay and other eWallets give more customers the ability to buy from you and improve customer experiences. Look for a terminal that supports NFC payments, EMV Chip & PIN, magstripe and digital wallets.