EMV chip readers are those mobile credit card readers that allow you to insert your card into the device and it reads the chip inside of your card for payment. These will obviously work with any credit card, but EVM chip readers are becoming the standard.ĮMV chip readers are a far more secure way for both the merchant to receive payment and for the customer to protect themselves from fraud. As we all know, technology moves at an incredible rate, and even this style of card reader is becoming less common because of the potential for credit card fraud. Magstripe readers are your classic case of sliding the magnetic strip on your credit card through the slider to pay. There are essentially three types of mobile card readers available today: What Else Should I Know About Mobile Card Readers All you need is a mobile card reader, your phone and a smartphone app and you’re all set. You can provide your service, plug the mobile card reader directly into your phone via headphone jack or your iPhone’s lightning port and take payment right then and there.
Let’s say you clean carpets for a living. Mobile credit card readers are an incredible tool for any merchant who sells products or services.
With that in mind, how do small businesses survive in a world where cash is becoming rarer and rarer? Mobile credit card readers bring small businesses or whatever service or product you are selling into the modern world where cards are king. Look in your wallet right now - how much physical cash do you have on you? It’s obvious that cards have taken over as the preferred transaction tool for any sort of purchase. There’s a saying, “Cash is king.” Well, we aren’t so sure about that anymore. If you purchase an independently reviewed product or service through a link on our website, SPY.com may receive an affiliate commission.