Payment Machines Are Changing The Way Customers Use Credit Cards

credit card

Businesses rely on credit cards as the primary form of payment for a variety of reasons. Since “paying with plastic” was first introduced in 1950 by Diner’s Club, the processing has evolved. What used to be a time-consuming process, which was terrible for the business and the customer, is now streamlined and helps to maximize sales opportunities.

Today mobile card terminals work fast, and a merchant can gather multiple payments in seconds.


Wherever a business is located — center city, a rural setting or in the midst of a giant yard sale — merchants enjoy peace of mind knowing that the integrated SIM card connects to the strongest signal in the area. The merchants stay connected without having to cover the cost of a phone line, and customer support is ever-present.

Robust terminals offer fast and wireless transactions with contactless payment. Contactless payment permits clients and buyers to pay a balance of up to $20 without a PIN number. But clients have a choice, and can choose if they want to pay via Chip or their PIN — no customer ever need be turned away.

Today’s mobile terminals work with existing merchant accounts, so there is no changing or swapping of sensitive merchant data.

How Do Contactless Payments Work?

To understand how they work, here’s a hypothetical example.

Store your encrypted card information on your phone where it can be used later.

When shopping in a store which has installed mobile payment readers, take out your phone and hold it just near the terminal. The device captures the payment data on the phone’s smart chip and handles the transaction.

Every microchip links to a receiver, and the terminals emit high-frequency waves which carry the data between the phone and the reader. When the machine is within proper distance, the wireless protocol connects the phone and terminal, which exchange data and do the deal.

And it happens in less time than it takes to read about it.

Near-Field Communication Payment Technology

NFC works by bringing two electronic payment machines together, and one initiates a radio frequency field which powers the target.

The market potential is gigantic, since merchants have been rallying behind this sort of payment technology.

Bluetooth Payment

Bluetooth®️ is a wild card in the industry. Mobile payments tech focus on NFC, but Bluetooth could be the game changer.

Each of the developers supports Bluetooth, but changed their focus to NFC for mobile wallets. But NFC needs to be sure the payment machines are inches from each other, while Bluetooth range is longer — it can stretch 50 yards. Bluetooth’s experience is hands-free, as shoppers don’t have to remove their phone to link to a scanner.

Bluetooth is faster even if it’s just by tenths of a second. Finally, NFC is limited to one-on-one transactions, whereas Bluetooth may facilitate numerous transactions at once from a single terminal.

The Takeaway

Mobile payment technology will continue to evolve and currently is just one piece of the more extensive — and complicated — payment puzzle.