Welcome to the small business guide: how to select an EFTPOS terminal! We are thrilled to assist you in acquiring comprehensive knowledge about choosing the perfect EFTPOS terminal for your business. Indeed, this aspect tends to play hardball with business owners, leaving them with unnecessary stress as a parting gift.
For small business owners, keeping up with technology advancements and offering convenient payment options is a must. Enter the EFTPOS terminal: your secret weapon for effortlessly accepting debit and credit card payments, turning transactions into a breeze. It’s the modern-day magic wand for your business. Of course, you will need to have dedicated internet running into your business, if not, you might be able to use your phone as a hotspot.
Features of an EFTPOS System
Before we look into the factors to consider when selecting an EFTPOS terminal, let’s first understand its features. All EFTPOS terminals have common elements, such as a card reader and a keypad. However, other features differentiate one terminal from another. For example, some terminals come with touchscreen displays, while others require manual input using buttons.
Aside from these basic features, many EFTPOS terminals offer additional functionalities. For instance, some can be integrated with your accounting software, making it easier to manage transactions and inventory. Some providers offer fancy contactless payment options or the fancy ability to send receipts via email or SMS. But beware, these fancy features might come with a fancy price tag. So, before you make a final decision, assess if your business really needs all that fancy stuff.
By opting for an EFTPOS terminal from Zeller, you gain access to a wide range of advanced features. These include automated surcharging, tipping, split payments, mobile payments, branding, and much more. Experience the convenience and versatility that Zeller brings to your business transactions.
Factors to Consider When Selecting an EFTPOS Terminal
Now that you’ve got the lowdown on EFTPOS terminal features, let’s dive into the juicy details of what to look for when picking the perfect one for your business.
- Processing Network
The first thing to consider is which processing network your chosen EFTPOS terminal will operate on. The two main networks in Australia are Visa and Mastercard, and most terminals will operate on one or both. You’ll need to ensure that the terminal you choose supports the network your customers use for their payments.
- Connectivity
Another important factor to consider is connectivity. While most EFTPOS terminals dance to the beat of the internet for transaction processing, some smart terminals can still boogie offline to handle network outages. Don’t forget to assess your internet connection’s strength and reliability before picking the perfect terminal that suits your needs.
- Transaction Fees
When you make a payment using an EFTPOS terminal, brace yourself for the transaction fee! These sneaky charges can vary depending on the processing network, card type, and transaction count. Don’t rush! Take your time, compare those fees, and choose your provider wisely. It’s a fee-rocious world out there.
- Contract and Support
When selecting an EFTPOS terminal, remember to consider the contract and support options offered by the provider. Before signing a contract, it is crucial to thoroughly comprehend all terms and conditions. This includes being aware of any cancellation fees or minimum transaction requirements. Additionally, it is essential to inquire about the available technical support in the event of terminal issues. By doing so, you can ensure a comprehensive understanding and make informed decisions.
Final Thoughts
Selecting the perfect EFTPOS terminal for your company is a vital decision that warrants consideration. Look at the various features, factors, and charges to make sure you result in the optimal option for your company. With Zeller’s extensive capabilities and competitive pricing, they offer the perfect solution for your small business!
