Description
HOW MUCH DOES CREDIT CARD TERMINAL COST?
The credit card processing hardware market includes a bewildering variety of manufacturers and devices — all of which essentially do the same thing.
Choices range from basic mobile card readers that require a smartphone or tablet to function to fully-featured POS systems that accept payments and run most aspects of your business. Costs are likewise all over the map, with larger devices and additional features adding to the price.
Here’s an overview of the capabilities and typical costs of each type of credit card machine:
| Cost | Pros | Cons | Can Be Reprogrammed? | |
|---|---|---|---|---|
| Mobile Card Reader | $10-$130 | Affordable | May be unreliable & have hardware compatibility issues | Depends on device |
| Traditional Terminal | $150-$500 | Reliable; supports magstripe, EMV, & NFC | Reprogramming issues | Universal models only |
| Smart Terminal | $350-$800 | Additional functionality | Generally not reprogrammable | Usually not |
| Integrated POS | $800-$1,900 | Additional functionality & larger, easier-to-read displays | Expensive; generally not reprogrammable | Usually not |
As of 2024, all new terminals include support for EMV payments. Most new terminals also support NFC-based payment methods (e.g., Apple Pay and Google Pay). You should choose a model with this capability due to the increasing popularity of contactless payments among your customers.
built-in receipt printer adds to the cost of the machine but is essential for most businesses so that you can provide paper receipts to your customers. Wireless terminals, while important for some businesses, are bulkier and significantly more expensive than wired models. You’ll usually also have to pay monthly fees for a wireless data plan. Smart terminals with color touch screens and installable apps are becoming increasingly common, but they also cost more.
romiogorge11 –
We recently switched to this payment terminal, and it’s been a seamless transition. The terminal is easy to use, and the integration with our existing system was straightforward. (5/5 stars)
romiogorge11 –
This payment terminal has been a game-changer for our business. Transactions are fast and reliable, and we’ve seen a significant reduction in failed payments. (5/5 stars)
romiogorge11 –
I had a minor issue with my payment terminal, and the customer support team was excellent. They responded quickly and helped me resolve the issue. (5/5 stars)
romiogorge11 –
As a business owner, I need to ensure that our payment terminal is secure and compliant with industry regulations. This terminal meets all the necessary standards, giving me peace of mind. (5/5 stars)
romiogorge11 –
The payment terminal’s online portal is easy to use and allows me to manage and monitor transactions with ease. I can track sales, view transaction history, and more. (5/5 stars) Thanks for your great service.
romiogorge11 –
This payment terminal is compact and space-saving, making it perfect for our small business. It’s also lightweight and easy to move.” (5/5 stars)🙏🏽
romiogorge11 –
Fast Settlement(as delivery )and Funding”