Posts tagged ‘Equipment’

What Equipment Do I Need to Accept Credit Cards For My Business?

The basic piece of equipment most small retail operation will want is a terminal, that black box that sits next to the cash register and is connected to the card processor via phone line or Internet. Cards may be swiped or input manually and an optional debit PIN pad allows customers to enter their secret PIN for their debit card.

If you accept checks, you can also connect a check swipe reader that will scan the check through the check guarantee service of your choice and electronically deposits the funds into your account, saving trips to the bank. Connected to or part of the terminal is a receipt printer.

Instead of a terminal, you may elect to use a personal computer with a card swipe reader attached to it. Point-of-sale software installed on the computer will accept the input card and send it via internet or phone line for processing and authorization.

There are literally hundreds of POS systems available on the market, many industry-specific, such as for hotels or restaurants.

If you do not have or want a POS system, you can set up a “virtual terminal” on your PC by logging in to your credit card processor’s website and swiping or manually entering card information for authorization. Such sites usually also permit you to void, force and refund transactions or set up recurring transactions such as monthly health club memberships, automobile payments, etc.

Virtual processing usually also permits you to use you cell phone to get authorizations on the go, out in the field, and usually also offer a shopping cart that you can integrate into your company website for online purchases.

For businesses that deliver merchandise to customers, such as pizza shops, there is a new wireless terminal, most like a cell phone, that your drivers carry with them. At the customer’s home they swipe the customer’s card through this mobile terminal and get an authorization. This can represent a tremendous monthly savings over accepting orders over the phone at the store and manually keying in the customer’s credit card number. Remember, manually keyed-in cards are charged a higher Non-Qualified Rate because the fraud risk is higher when the card is not present and swiped. The mobile terminal does swipe the card and it is treated as a card-present transaction, at a much lower rate. Mobile terminals utilize Packet Radio Service or cell service and are very reliable. The driver carries a small printer on their belt to print receipts for the customer.

You can acquire equipment by outright purchase, or lease it. Each option has advantages, discuss them with your accountant. If you do lease, you don’t have to worry if the terminal breaks, just swap it for a new one. Some processors will provide you with a “free” terminal but you will usually end up paying higher transaction rates or other hidden fees. There is no free lunch.

James Hussher is a national Account Executive for Card Payment Solutions, a registered merchant services provider (MSP) for Wells Fargo and JPMorgan Chase banks. Contact James at, a site James maintains to inform his credit card merchant clients. Wherever you are in the USA, I offer a free analysis of your current merchant account statement. I will provide a report showing you exactly how much you are paying to accept cards in each tier, plus monthly fees; I will also propose the rates we can give you, for a clear side-by-side comparison.

Qi Break 3 Billion Annual Output Worth Of Machine Tools – Qi Tools, Machine Tools – Equipment

30, Qi Qi two devices from the paper reporter, held the second conference was informed that staff representatives: last year industrial result value of enterprises knew 3.03 billion yuan, up 8.6%; break 670 thousand yuan per capita GDP is 84.5 times the 1999 ; earnings discovered 124 million yuan, up 0.6percent; completed industrial included value 1.301 billion yuan, up 21.4percent; attain profits 2.001 billion yuan, up 8.2%.

1999 year-end, QI tools to assume management after the restructuring of enterprise survival and growth of historical obligation. At that moment owned by all businesses running money of 30 million yuan regarding the contract, however, 10 million yuan of shut loans and peer organizations lag far behind the old technology and gear, 50-year reputation for specifically hefty burden indeed. Face the test associated with brand-new leadership the situation and formulate a “survive alone, pursuing development by external forces” and the “very first good, after the big” some ideas of their plights. a decade of work, making Sarkozy the 2nd machine from the verge of personal bankruptcy, are suffering from to be the best enterprises of hefty machine tools business, Qingqi the revitalization of nationwide gear manufacturing Industry advertising.

Surge in total strength. 10 years, organizations from “15 Plan” to start, following the “Eleventh Five-Year” when you look at the quick improvement economic production achieved by the tens of millions to billions of dollars of great historic step. Eighteen from the device device industry, end-term, development is the vanguard of Asia’s heavy-duty machine tool industry; a delegation through the Ministry of device remains small-scale municipal enterprises, to strengthen the businesses straight underneath the Central subsidiary. ten years, growing companies of scale, comprehensive energy has actually markedly increased, industry position increased 12 months by year, development in economic signs into repeatedly. Businesses to optimize item construction, expand solutions, from services a number of industries, the growth into aerospace, transportation, energy, steel and hefty machinery production, as well as other crucial nationwide sectors solutions; product from a low common Milling , Mill Boring And forging equipment, developed to possess a heavy-duty CNC Boring and Milling Machine, CNC gantry milling device heavy duty, high quality CNC vertical-horizontal Lathe Heavy mechanical presses and special equipment such as for instance hefty 7 show to thousands, creating a multi-species, multi-standard, serialized, full dental coverage plans associated with the brand-new structure. 10 years, businesses Pin product sales enhanced from not as much as 3,000 million to 2.001 billion yuan, a rise of 66 times; right back area from 26.89 million yuan to 16.3 billion yuan, an increase of nearly 60-fold; product sales outlets the company not as much as 30 from original to the present 113, a growth of 4 times. Meanwhile, the enterprises to speed up the international market development, product successfully exported to Southern Korea, Asia, Thailand, Russia, Germany plus the Netherlands more than 40 countries and regions, exports through the 164,000 U.S. dollars to 15.06 million U.S. dollars.

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