Key Functionality of A Card Terminal
Modern card terminals have multiple features. Depending on the needs of the merchant and the type of transactions processed by the card issuing bank, key operations and functions include:
- Acceptance of credit, charge, and debit cards (both domestic and foreign, however foreign cards might have higher processing costs)
- Key Entry (for Customer Not Present mail and telephone order)
- Tips / Gratuities
- Refunds and Adjustments
- Settlement (including Automatic)
- Pre-Authorisation
- Remote Initialisation and Software update
- POS Integration
- Multi-merchant Capabilities
- Pen or PIN authorization by the customer
- Surcharge Function
- Secure Password Operation
Read more about this topic: Credit Card Terminal
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