The electronic payment terminal is an important device for entrepreneurs. It is a tool capable of carrying out various bank card transactions. It is fast and very easy to handle. There are different kinds of payment terminals, so you should take the time to choose the one that best suits your business. Here are the essentials to know about how you can select your payment terminal.
What to look for when choosing a payment terminal
When choosing an electronic payment terminal, you must first find a model that fits your budget. This will save you from incurring unnecessary expenses. Then opt for a quality device by favoring the models offered in specialized shops. Finally, make your choice after carefully analyzing your feature needs. Not all payment terminals have the same options.
The different collection solutions for entrepreneurs
As explained by online banks, entrepreneurs have many collection solutions Nowadays. It is therefore up to everyone to choose the one that suits them best. For example, you can opt for the payment method in cash. It is a safe way, especially when it comes to little money and the business has just opened its doors. In addition, this method of payment makes it possible to avoid cases of theft or fraud. Another solution is cashing by credit card. This method is very advantageous for companies of all sizes.
It is not only secure, but also suitable for receiving payments online, anywhere and anytime. Payment by credit card also allows you to have your own payment terminal. He is directly connected to your bank. You can choose between the mobile terminal or the fixed one. Cashing by check is also one of the payment options for entrepreneurs. This mode is suitable for large transactions. Finally, you have the option of scanning the checks with your smartphone. You will therefore no longer have to go to the bank for collection.
How to choose the right payment terminal for your business?
When choosing your payment terminal, you must take into account various criteria depending on the company characteristics.
Payment terminal features
You should look for a model whose features match your needs. Small companies generally opt for the classic TPE. It is equipped with a screen, a keyboard and an integrated printer. You can then edit, then draw receipts without difficulty. Itinerant shops seem to have a preference for the Pinpad. In appearance, this device is identical to the classic TPE. However, it has two specificities. First of all, the Pinpad does not contain an integrated printer. You must have a printer nearby to be able to fully exploit it.
This device is then able tosend receipts by e-mail. It is a simple, practical and to some extent ecological system. For businesses that have to handle large transactions, it is advisable to opt for the cash register. It is a complete terminal which includes a screen, a scanner and a printer. In addition, it is more secure and offers many features that do not exist on other models.
The second criterion to assess when choosing a payment terminal is mobility. The contractor must take your movements into account and select a suitable model accordingly. For a fixed trade, for example, it is advisable to choose a fixed terminal. An imposing terminal that remains at the counter all the time will do the trick. On the other hand, it is recommended to opt for a mobile terminal when you need to carry out your transactions at different places.
This allows you to be free to move around while facilitating the management of your business. Mobile models are usually equipped with a battery. It is therefore recommended to check the load of your tool on a regular basis. In addition, make sure you have the necessary electrical installations for the terminal charging before you decide. This will save you many complications in the long run.
Payment terminal connectivity
Thanks to technology, it is now possible to use the payment terminal without plugging it in. It is enough that he has a mobile network and a suitable internet connection. It is advisable to opt for a terminal that works with 4G, or even 5G. This will facilitate login access and simplify transactions.
Setting up your TPE and its cost
For a mobile terminal, you can perform the installation yourself. The process is simple and no step requires the intervention of a specialist. On the other hand, for the installation of fixed EPTs or those connected by telephone line, you must call in a qualified professional. The intervention of the specialist prevents you from running the slightest risk and you can count on his help in the event of any malfunctions.
The cost of a TPE to purchase also varies according to its type. For a classic TPE, you should plan between 129 and 249 €. The TPE without a printer, on the other hand, generally costs between 29 and 79 €. It is also possible to rent your TPE from a bank. In this case, you will have to pay between 13 and 40 € per month depending on the model.
Is it worth investing in a more expensive device?
The choice of a terminal is not final. When your transactions increase, it is necessary to change your current model to a more suitable one. This allows you to better manage your money and saves you from running many risks. Even if it is expensive, a good payment terminal guarantees the satisfaction of your customers and makes you more reliable. Using such a device can help you increase your sales. It is therefore a profitable investment in the long term.