Why do you need a Chip and PIN machine?
Many people now go out shopping with nothing but a debit or credit card, if you want to serve them you need a card machine. Think about your own experience, how many times do you use your card to make purchases? 165 million payment cards are currently in use in the UK. Credit and charge cards were used to make 2 bn purchases in 2010 and this is projected to increase to 2.9 bn by 2020. There are 33.1 million regular users of debit cards in the UK, each making on average 190 payments a year. (Source Payments Council) Benefits of chip and PIN machines
More secure than cash Payment guaranteed Card machines log all transactions Customers place more trust in businesses that offer card payments Reduce exposure to counterfeit money Won’t lose customers who have no card Can offer customers cashback No need to carry as much change Payment is made at the time of sale Customers spend around 20% more when paying by card Reduce exposure to staff stealing Improved cash flow
About Us
Chip and PIN Machines is an independent guide to help small and medium sized businesses in the UK with chip and PIN Machines and merchant accounts. The information has been put together with the help of industry experts and provides up to date and accurate information to help you make the right decisions for your business when it comes to chip and PIN machines. We hope you find the information useful and if you have any questions please use the contact form and we’ll get back to you as soon as possible. For more information check our website http://www.chipandpin-machines.com/ Check other links:
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