One of the latest discussions many merchants have been having is the new implementation of the EMV technology for credit card processing. One of the biggest issues that are arising for merchants, is how slow the chip readers can be. This will be detrimental to sales when the holiday season comes around. Imagine long lines of people many of whom will simply ditch their shopping carts and go elsewhere as the readers take forever to approve a transaction? The problem stems from the platforms the merchants are using to process the chip readers and not the reader itself. If you are looking for a solution to your chip reader issue and want one that is the fastest you can find, contact Prestige Merchant Services. The platform they utilize has a median time of 1.60 seconds for the terminal interaction with the chip. Chip reading does not have to be slow any longer.
You may also like
Chargebacks are something all businesses try to avoid at all costs. If your business has too many chargebacks (as little as 1% […]
Law Firms usually need specialized merchant accounts. This may be do to the fact that they have money in escro or they […]
Yet another processor is in the line of fire of a class action lawsuit. Both EVO Merchant Services and EVO Payments International […]
Apparently many businesses have been slow to adapt to the latest security standards known as EMV which utilizes the chip in the […]