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

Phillip Parker is a former merchant services sales agent who believes the industry has been overrun by people who engage in fraud and deception in order to steal from hard working business owners. He created this website to help you avoid the bad players, save money on fees, and to get peace of mind with your merchant account. If you would like to help support his work, learn more about our cost reduction service. We can evaluate your statement, tell you exactly how much you're overpaying, and then help you dramatically reduce your fees with your current credit card processor. Looking to switch instead? See our list of the best merchant account providers.

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