Credit Card Terminal Definition

Merchant Account Credit Card Terminal Explained:

What is a Credit Card Terminal? A Credit Card Terminal, also called an Electronic Data Capture Terminal or EDC Terminal for short, is an electronic device that enables merchants to accept credit cards at the point of sale. Terminals are available in wired dial-in phone line, VoiP, and mobile wireless options. Additionally, many can be paired with debit pin-pads to accept pin-based debit card transactions.

Credit card terminals can be bought or leased. The cost of buying a terminal can range from $99 to $1000+ depending on the features that the merchant desires. Leases can range from just a few dollars a month to over $100 per month. Merchants are advised to buy terminals whenever possible as leases are often much more expensive and require long service contracts. If a credit card processor requires the use of a specific terminal that will only work with that provider’s services, you may want to shop for a different processor that allows for the use of various third-party terminals.

Common Credit Card Terminal Brands

  • Verifone
  • Hypercom
  • Lipman/Nurit
  • Omni
  • Ingenico
  • Dejavoo

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Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services

I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.

From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.

How I Can Help You

I specialize in helping businesses get refunds of excessive fees and have recovered $1,156,834 this year alone! Submit a recent statement below to find out if you are getting overcharged. I'll take a look at it for free. If I find fees that can be refunded, hire me on contigency. I only get compensated if I put money back into your pocket.

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