Save on Processing Fees by Using a Pinpad

One of the easiest ways to save on processing fees for credit cards and debit cards in your store is to use a pinpad and have the right program installed in your credit card terminal. You are accepting credit cards and debit cards from your customers. This gives them secure ways to pay you for your products in your store. A lot of store owners do not realize that when a customer gives them a debit card to pay for products, the transaction created by the debit card is processed at a credit card discount rate if they don't have card acceptance setup to process debit cards correctly. The correct and least expensive way to accept and process debit cards as debit cards, is to have a program installed in you credit card terminal that will know the difference between a credit card and a debit card. You also have to have a pinpad on your checkout counter so that customers can enter their pin numbers into it. When a debit card is processed this way, the money is transferred directly from the customer's account into your business account. More importantly you generally pay less for the debit card transaction than you do for a credit card transaction. So the two main benefits of the debit card transaction are you get your money faster and you pay less for the processing. Something to consider.