Over 10 Years in Business Since 2001, Collective Point of Sale Solutions has been Canada’s Choice for payment processing services and secure point of sale solutions. We have served more than 11,000 businesses across Canada and processed more than $1 billion in debit and credit card transactions.
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Selecting the right point of sale terminal
May 1, 2012 - 5:44pm
When deciding on which type of pos terminal you need for your business, keep in mind the type of payment your customers typically use, the volume of payments your business processes, the device's security features and the sophistication of the technology.
While point of sale terminals are important for businesses to accept credit cards, it's important that business owners still accept cheque and cash payments, especially if their business experiences a fair amount of cash or cheque transactions. As credit card use continues to increase in popularity across Canada, businesses are increasingly concerned with their pos terminals' ability to quickly and securely process a high volume of swiped payments.
Processing payments quickly and securely is a matter of having the right terminal and a strong, secure connection. Make sure to check with your merchant services provider to ensure that your pos terminals are capable of handling your typical transaction volume. Always update software to ensure proper function and security, and be especially diligent with maintenance during periods of especially high volume, like holidays.
Small business owners should also be aware of pos terminals' NFC ad EMV capabilities. While NFC technology is still evolving in many ways, experts predict that it will become a popular form of payment once consumers are convinced of its reliable security. Many credit cards and debit cards today feature EMV chips, which mask data on swiped transactions and prevent many forms of traditional fraud perpetrated at the point of sale.
Collective POS is dedicated to providing your business with the secure and efficient payment processing solutions your business needs to succeed. Whether you're in the market for new pos terminals, would like to upgrade your service or simply need to upgrade security software, Collective POS's helpful support representatives can find the perfect solution for your business.