Case Study: My Experience With Merchants

What are the Features of a Credit Card Reader? Wondering how these credit card reader works? This credit card reader is important especially in accepting credit point of sale. It can also read the customer cards, gift certificate and employee cards. Credit card in today’s business world, it has played a major role which is … Continue readingCase Study: My Experience With Merchants

What are the Features of a Credit Card Reader?

Wondering how these credit card reader works? This credit card reader is important especially in accepting credit point of sale. It can also read the customer cards, gift certificate and employee cards.

Credit card in today’s business world, it has played a major role which is readers on the other hand take its part by reading and processing the cards in order to finish sale transactions. The reader gets the information from the credit card is vital passing information in order to verify the credit card if it has sufficient amount for it to cover the purchase.

For us to understand how the readers work, it is important that we also know the foundation of the reader first.

Everytime a client would hand in their credit card to pay for the purchases, the merchant would always ask the customer this question “will that be Mastercard, Visa or American Express?” As a credit card user, you may also notice that there is a shiny black strip at the back of your credit card. Every time you use your credit card to purchase, the shiny black stripe is the one being read. the part where the black stripe is found is also where all the information on you card is found, this is because it is where all the information is being stored in validating your transactions.

This is the reason why every time your purchase your credit card is being swiped as this will then send the data that is embedded on that stripe to be sent to the billing system and on to the credit card company.

The credit card company then confirms once it is able to get the information from the issuing bank that the card is legitimate and the spending limit or if the customer is already in debt and the customer is way below the credit limit.

Credit card reader: Its features.

This credit card reader has a magnetic strip reader, keypad to enter information and a small display. It is then attached to a keyboard wedge serial port or a USB that has a built in printer whether it is attached or a separate unit.

The display also comes in several types wherein there are big displays that allows you to view more information at once. With the help of a backlit display on the machine, you are still able to read the information even if there is low lighting in the area.

There are some keypads that have different sizes of keys as well. you may notice that there are some credit card readers that have more keys than other, this only shows that it will give you more preferences that those that are commonly used.

Originally posted 2016-10-27 17:27:05.

Leave a Reply