Super User
Why Card Reader's are better than accepting all cash
There are several reasons why using a card reader from Oxipay may be better than accepting cash:
Increased security: Card readers offer a more secure way to accept payments compared to cash. Card transactions are encrypted and processed through secure networks, making them less susceptible to fraud or theft.
Increased convenience: Card readers allow customers to pay for their purchases with their preferred payment method, whether it's a credit card, debit card, or mobile payment. This can be more convenient for customers who don't want to carry cash or who prefer to pay with a card.
Reduced handling of cash: Using a card reader can reduce the need to handle cash, which can be time-consuming and increase the risk of errors or mistakes. It can also make it easier to track and reconcile sales and payments.
Enhanced customer experience: Accepting card payments can improve the customer experience by providing an easy and convenient way to pay. It can also make it easier for customers to make large purchases or split payments with friends or family.
Increased sales: By accepting a wider range of payment methods, businesses may be able to increase their sales by attracting customers who prefer to pay with a card or mobile payment.
Overall, using a card reader from Oxipay can offer numerous benefits for businesses, including increased security, convenience, and the ability to attract more customers.
What is Payment Processing
A payment processor is a system that enables financial transactions, commonly employed by a merchant to handle transactions with customers from various channels such as credit and debit cards or bank accounts. This is usually done when you buy a product by swiping your card through a card reader, that processes the transaction and gives you a receipt for your purchase.