Types of merchant services equipment
Merchant services equipment refers to the devices and technologies used by businesses to process payments from customers. There are several types of merchant services equipment available, including:
CLOVER Point of sale (POS) terminals
These are electronic devices used to process credit and debit card transactions. They can be either standalone devices or integrated with other hardware, such as a cash register or computer.
MOBILE & WIFI TERMINALS & CARD READERS
These are small, portable devices that can be attached to a smartphone or tablet to process payments on-the-go. They use Bluetooth or a mobile data connection to transmit data securely.
Virtual terminals
These are software applications that allow businesses to process payments through a web-based interface. They can be used to process transactions from anywhere with an internet connection.
Payment gateways
These are online services that facilitate the processing of electronic payments, including credit and debit cards, e-checks, and digital wallets. Payment gateways provide a secure link between a business's website or online store and the payment processor.
Cash registers
These are traditional point-of-sale systems that are often used in retail stores and restaurants. They can be equipped with card processing capabilities, or the merchant can use a separate card processing terminal.
