The concept of a credit card is not at all new. However, the act of accepting credit card payments is still absent in so many small businesses. It is easy to point fingers and place the blame on business owners by saying they are not with the current times. However, this is not always the case.

Issues with POS machines

One of the most obvious cons of POS terminals is their high cost and the fact that the business owner is locked into a contract. There is normally a high monthly fee associated with having a POS machine in your business as well as a small transaction fee.

Another issue in accepting credit card payments these days is the old fashioned technology that is used to do so. Sure, we have come a long way from accepting credit cards using the slide machine. The electronic POS machine really revolutionized things in the early 90s. But have we really had much of a journey since electronic POS machines hit the counters?

For one thing, these POS terminals are chunky and cumbersome. They have to be hooked up with big coiled chords so that they can use telephone technology to process the payments. They can easily drop out of service when you least expect and maintenance can be costly. We stopped using dial up internet years ago, but most of the credit card industry has not.

A Good Solution

Chunky and outdated pin pads still seem to reign supreme on countertops everywhere around the world. Thankfully, in the past year, much sleeker and faster options have come out. Cordless chip & pin machines such as payleven’s device have revolutionized accepting card payments. By pairing the device with a smartphone, the process for accepting card payments is now minimal and incredibly simple. Now, the business owner can accept card payments easily through their smartphone. The whole process is incredibly safe and secure.

Appearance wise, the new chip and pin devices are sleek and minimal. Instead of huge old, chunky POS machines sitting counter tops, think about a device that can fit easily in the palm of one’s hand. It can be stored easily and pulled out only when needed.

Best of all, the new chip and pin device from payleven has no monthly costs at all. It is only a flat rate when you buy it and a 2.75% transaction fee. This eliminates the need to sign a contract for a slow, old POS machine.

So, if you are a business owner, why wait? You aren’t only face with one annoying option anymore. You can use a mobile chip & pin device straight away, whenever you want, however you want. No contracts, no monthly fees and no chunky POS machine sitting at your counter like a relic lost in time.

Here are some frequently asked questions about mobile chip & pin devices.

* This is a guest post by Payleven