Chip and pin machine – Does your business have one?

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Chip and pin machine

What is a chip and pin machine and what is chip and pin?

Chip and pin is the smart card in conjunction with a chip and pin machine. The card is placed into a chip and pin machine. Using the pin pad on the chip and pin machine the user is able to enter a 4-digit PIN. The chip and pin machine will access the chip in the card and, check the information entered using the chip and pin machine against the information stored on the card. If the entered PIN number enter using the pin pad on the chip and pin machine matches the details to a chip embedded into your debit or credit card then the transaction is permitted to proceed.

The two elements of a chip and pin machine.

Chip side of a chip and pin machine. The chip is on your debit or credit card. The cardholder’s information is embedded on the chip. Combined with the Pin side of a chip and pin machine is a four-digit PIN (personal identification number)

Why chip and pin machines.

The chip and pin machine was introduced as prior to the chip and pin machine was the magnetic stripe and signature systems. This was more susceptible to fraud as, it is possible to forge a signature but, with a chip and pin machine you are they only person with the PIN code. This PIN code is unique to the cardholder and this is why you should never reveal your number! So chip and pin machine was introduced due to desire to reduce fraud.

The scheme was initially started as a joint venture between three leading credit card service providers: Europay, MasterCard and Visa (EMV). The official name of the scheme is the EMV smartcard.

Countertop Chip and pin machine.

Arguably the best known of the chip and pin machine. This chip and pin machine was designed to fit on to any shop counter and, the countertop chip and pin machine has done its job well. Now we don’t notice the chip and pin machine on the counter until it come to time to pay. Chip and pin machine that is for the retail business. To discuss Countertop Chip and pin machine call ACP on 0333 305 4500 and speak to a member of our team or email hello@acceptcardpayments.com

Portable Chip and pin machine.

This is the chip and pin machine that we have become use to. At the end of the meal in a restaurant when we ask for the bill. The assumption is that the chip and pin machine to make the payment will follow to the table for us to make payment. The Portable chip and pin machine is ideal for businesses move around the premises to take payments. This chip and pin machine come with contactless technology, to discuss Portable Chip and pin machine call ACP on 0333 305 4500 and speak to a member of our team or email hello@acceptcardpayments.com 

Mobile Chip and pin machine

The introduction of the mobile chip and pin machine empowered small businesses. They can take a chip and pin machine to the customer. There are claims that a mobile chip and pin machine used by a trader such as market trader for example can increase their sales by up to 30%. A mobile chip and pin machine not only gives your business flexibility. A mobile chip and pin machine gives the customer choice. And, this might have something to do with the mobile chip and pin machine and the increase in sales. For a trader, it can improve impulse buying, customers are not restricted by the cash in their pocket. A mobile chip and pin machine helps remove that obstacle. Mobile chip and pin machine can also increase the extras that a customer may choose. So, your business can take a chip and pin machine anywhere that a mobile signal that can be reached. To discuss Mobile Chip and pin machine call ACP on 0333 305 4500 and speak to a member of our team or email hello@acceptcardpayments.com

New generation Chip & PIN machines.

Chip and pin machines and the technology behind them has been around for many years. Countertop chip and pin machine, portable chip and pin machine and mobile chip and pin machine had the addition of contactless chip and pin. Now the arrival of new generation mobile Chip and pin machine. Companies like iZettle who have. The iZettle Reader chip and pin machine. SumUp with the Air card reader chip and pin machine and Pay Pal Here chip and pin machine. These chip and pin machines enable smartphones and tablets to take card payments. This chip and pin solution flexible and secure. Is this the right kind of chip and pin machine for your business? To discuss about Chip and pin machine call ACP on 0333 305 4500 and speak to a member of our team or email hello@acceptcardpayments.com

If thinking about this type of chip and pin machine think about monthly card transaction volumes that will be processed through your chip and pin machine in any format. Chip and pin or contactless as an example. Some of these mobile chip and pin machine options come with a fixed transaction fee. Other chip and pin card readers come with a variable rate, this could be one of the deciding factors when choosing you chip and pin machine as rates can vary from 2.75% to 1.00%. so it is important that you get the chip and pin machine that is right for you call ACP on 0333 305 4500 to speak to a member of our team about the chip and pin machine and the rates each offer or email hello@acceptcardpayments.com Get independent impartial advice on Countertop Chip and pin machine, Portable Chip and pin machine, Mobile Chip and pin machine as well as the New generation Chip & PIN machines such as The iZettle Reader chip and pin machine, SumUp Air card reader chip and pin machine and the Pay Pal Here chip and pin machine. 

Accept Card Payments – With changing market conditions. Is there now a strong case for chip and pin machine implementation for a business no matter how small? Contact ACP today on 0333 305 4500 for more information.