What a lot of merchant service providers don’t tell their merchants is that pin based debits is the cheapest way for merchants to process transactions. When a customers uses their debit/check card and is required to key in their 4 digit pin number, there are no discount rate associated with a pin debit transaction. The merchant will only be charged a flat rate per transaction fee every time their customers key in their 4 digit security number.
More merchants are utilizing PIN-based debit/check card transaction because it is a very popular choice for them as it maximizes profit and save them money. This method is also great for shoppers who want to use their debit cards to pay for items. Merchants will find it easy to use and maintain. The pin pads are so small that it does not take up a lot of counter space.
The industry considers pin based transaction to be the lowest risk level when it comes to risk due to the fact that it is virtually impossible to have a chargeback because the shopper has to key in their personal identification or secret password before the purchase is confirmed. And this is the reason why this is the cheapest way for merchant to process transaction.
The device is very compact and slim and has large keys and display area to make it easy to use to key in the information. It can be used with existing credit card terminals. Also has the function of contactless payment transactions.
Hypercom S10 Pin and S8:
can be use with just about any cash register system or countertop terminals. It has a chip reader to accept payments with EMV or PIN cards and it does all of this without prolonging the time it takes for the transaction to complete. The S10 PIN was designed to face the customer to make it easy for them to key in their security pin. The device is fully PCI compliant and has the maximum security feature which is industry standard to allow for fast processing of payment whether it is a loyalty program or debit/credit transaction.
Hypercom P1300 PCI:
This device also meets PCI industry security standards for PIN debit transactions. This is a great way for merchant to lower their cost. Like all Hypercom devices, it easily integrates into your existing terminal or electronic cash register.
Hypercom S9 Pin:
Very simple to use device that makes payment transaction convenient for merchants. The nice thing about the S9 is that it has really big keys that are colorful so you don’t hit the wrong key by mistake.
Hypercom Artema Pin Hybrid:
The device was designed for high performance for retailers and high volume businesses of all type. It was especially crafted to be used with advanced and sophisticated Electronic Point of Sales machines. The device will meet and exceed the requirements of most retailers, restaurants and shops.
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