Are you a retail business owner with a physical store in the market? If so, you may have noticed a trend towards digital modes of payment, particularly in the post-Covid era. Customers are increasingly requesting card swipe machines for payments rather than using cash. If you do not currently have a swipe machine in your store, investing in one could greatly benefit you. This blog will discover the key factors that make the best swipe machine safe and reliable. Be sure to read until the end to learn how to choose the best ATM card swipe machine or credit card swipe machine.
What is a Swipe Machine?
A card swipe machine is a small and portable device that customers use to make payments from ATMs or credit cards. Once a card is used on the device, it can electronically transfer money from the customer’s account to the seller’s account. In this fund transfer process, the card swipe machine reads the card’s magnetic stripes and then securely authenticates the transactional data.
What are the Benefits of Using the Best Swipe Machine?
As technology advances with every passing day, the way customers deal with payments is also continuously evolving. So, it is important for businesses to start using swipe machines. Here are some benefits your business will get from using the best swipe machine.
- Quick Payment Process: Swipe machines make the checkout process more manageable. The payment process takes less than 30 seconds, which reduces the wait time.
- Secure Payments: The transactions are protected through multiple security layers to allow safe payments.
- More Customer Satisfaction: The best swipe machine allows quick payments, security, and ease in the process, which automatically translates to better customer satisfaction.
What Factors Make Swipe Machines Safe?
Several factors make a swipe machine safe and reliable to use. Let us learn more about them individually.
1. EMV Certified
The best swipe machine for your business must be EMV certified. EMV compliance allows the business to accept payments from any card with an EMV chip. The best swipe machine is always EMV certified as it makes the device more secure and protects the business from any liability in case of a data breach.
2. PCI Compliant
The best swipe machines are PCI-compliant. PCI-compliant swipe machines meet the technical and operational standards that protect credit card data shared by cardholders during transactions.
3. Data Encryption
Data encryption during transactions is only offered by the best swipe machines. The best card swipe machine with encryption scrambles the customer’s ATM or credit card data. This protects the data from getting hacked.
Tokenisation is another crucial factor that makes a card swipe machine safe. Tokenisation replaces the card swipe machine’s data with a unique code that authorised individuals can decrypt. This factor is beneficial as it protects the data from being hacked.
How To Choose the Best Swipe Machine?
Various types and brands of swipe machines are available, but not all are created equal. Some ATM card swipe machines or credit card swipe machines are more reliable and safer than others. Here are a few tips you can consider when choosing an ATM card swipe machine or credit card swipe machine.
1. Choose the Certified Machine: Make sure the ATM card swipe machine or credit card swipe machine you select is certified by a reputable organisation. Many organisations certify the best swipe machines, but not all of them are equally reputable. Look for an ATM card swipe machine or credit card swipe machine that is EMV certified and meets the standards set by the PCI Security Standards Council.
2. Read Online Reviews: Select an ATM card swipe machine or credit card swipe machine with a good reputation. Review the online testimonials of different machines to find out what others say about them. Once you have gone through the reviews, choose the one with the highest customer satisfaction.
3. Select an Easy-to-Use Machine: Choose an ATM card swipe machine or credit card swipe machine that is easy to use. The best swipe machine always has a user-friendly interface. Do not select swipe machines with complicated menus, as they are hard to navigate.
4. Check the Machine’s Durability: Ensure that the ATM card swipe machine or credit card swipe machine is durable. The best swipe machine is created from high-quality materials and not cheap plastic.
By keeping the outlined points in mind, you will be able to choose the best swipe machine for your business.
Make The Right Choice!
If you’re considering using a card swipe machine, it’s important to make an informed decision. There are lots of options out there, but we recommend going with a trusted choice like HDFC Bank’s DiGiPOS solutions. With DiGiPOS, you can accept payments in multiple ways and enjoy peace of mind knowing every transaction is secure and encrypted. Plus, you won’t have to worry about manually tracking your sales anymore! With industry-leading features, HDFC Bank’s DiGiPOS can be the perfect choice for a no-hassle business banking experience.