2/19/2023 0 Comments Setting up credit card terminal![]() All devices accept a wide range of cards, as well as contactless payments. SumUp offers a range of payment terminals, allowing businesses to choose the right device for their needs. ![]() These devices are equipped with the necessary tech to communicate with a debit or credit card, allowing them to accept card payments – or decline them if the customer doesn’t have sufficient funds. Firstly, you need a payment terminal or PDQ machine. Thanks to the reliability of Wi-Fi and mobile network connectivity, accepting card payments in the UK today is a straightforward process with minimal setup. Accepting card payments in-store or on the road with a simple device The round trip takes seconds, but this process is crucial, allowing businesses to take card payments without worrying about the payment "bouncing". In the seconds that it takes for a payment to go through after using Chip and PIN or Tap and Pay, information follows a predetermined path to obtain payment authorisation.Įach time a payment is attempted, the payment terminal contacts the card issuer and the card holder's bank to verify that funds are available. Order now Card payment process: what happens in the background? Consumers preferred to pay back debt and use their available money rather than take risks during the pandemic.Ī SumUp card machine enables businesses to accept debit, credit and contactless payments with a simple portable device. According to UK Finance, 44% of all payments in the UK in 2020 were made with debit cards, whereas credit card use declined by 18%. With a SumUp payment device, you can easily accept both. ![]() Today, however, small businesses can turn to industry-leading payment specialists like SumUp and start accepting card payments with a few clicks.Ĭard payments can be made with either debit or credit cards in the UK. The barriers to entry led many to conclude that accepting card payments simply wasn’t worth the hassle and expense. Previously, business owners needed to sign binding contracts and pay fixed monthly costs on top of transaction fees. Taking card payments in person – be it in-store, at a convention, a market, or on the road – is now more straightforward than ever. Now more than ever, accepting debit or card payments is a no-brainer, and companies like SumUp are making it easier than before. As of the first half of 2021, this number was creeping towards 60%. According to the UK Payment Markets Summary 2021, 52% of all payments in 2020 were made by credit or debit cards. Card payments are clear winners as of recently, while cash and cheques are on the opposite team. How SumUp’s product ecosystem can help you grow your businessĪs technology evolves and consumer behaviours change, there are winners and losers. Why taking credit and debit card payments is secure How to take card payments in-store or on the road What happens in the background when you process a card payment Accepting card payments for small and growing businesses
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