Credit Card Machines
A credit card machine is a device or software that allows a merchant the ability to process credit cards. It interacts with credit cards to transfer funds electronically from the card holder’s account to the merchants account. A physical terminal allows the user to swipe a credit card which is then authenticated, funds verified and then initiates a transfer of funds which then take a day or two to reach the merchants bank account. Online, a “Virtual Terminal” is used for the same purpose but the transaction is handled through software using a secure, encrypted process.
Merchant service providers like Charge.com provide either physical credit card swipe machines or virtual terminals for a small monthly fee. These machines are typically sold or leased to merchants.
Some credit card terminals operate in conjunction with a POS system like a cash register and some are designed for mobile applications that attach to either a phone or a tablet. Charge.com offers merchants numerous options to meet the specific requirements of the merchants. A list of Credit Card Terminals can be found at the following link.