Hardware

There are many options in POS terminals. The type of terminal you select depends mainly upon the payments options you want to accept and where and how you need to accept those payments.

For example, if you only accept payments from a physical location, a countertop model may be the best option. On the other hand, if you accept payments offsite, such as trade shows, festivals, or farmers’ markets, a mobile POS system may be the way to go. For phone payments, you may want to discuss a virtual terminal.

At the minimum, you should set up your business to accept traditional magnetic stripe cards, EMV chip cards, and eWallets.

It would also be best to consider whether you need to accept payments on the go, online or over the phone. Depending on your customer base, you may also want to consider accepting secure check payments. 

Most types of merchant businesses qualify for a merchant account.

The application process may vary depending on your business type and the associated risk assigned by credit card networks.Most types of merchant businesses qualify for a merchant account. The application process may vary depending on your business type and the associated risk assigned by credit card networks.