1300 737 998
Need Help?

Our expert team has specialised
training & experience to help
find the right solution for your
business.

Call 1300 737 998

Blog Articles

Latest News from the POS & Barcode Industry

Free Expert Consultation

Friday, August 22, 2014

Blog Articles
Whilst it may be several generations before we realise a cashless society, since the credit card first arrived on the scene in the 1960s, the convenience of carrying a huge amount of spending power in the form of one small plastic card has meant that most people carry at least one at all times, if for no other reason than a method of determining where the money went.

Even people with poor credit records are more and more reliant on debit cards and pre-paid credit cards.

All this comes with a price, however, and merchants must pass the increased costs of conducting credit card transactions to their customers. The bottom line here is that the benefits outweigh the disadvantages to such a great degree that there is little in the way of concerted objection to credit card transaction fees.

One of the most recent developments regarding credit cards is the technology to couple a credit card acceptance device to a smart phone or tablet, making it possible for small merchants with no retail presence to conduct face-to-face transactions without requiring cash.

Payment processing behemoth PayPal has begun selling a low-priced POS terminal dubbed ‘Here’. It uses reliable and easy to configure Bluetooth connectivity to turn anyone with a PayPal account and a smart phone into a merchant capable of accepting credit cards.

The retail price of the ‘Here’ device is only $139, and it is conceivable that additional discounts of one kind or another could bring that price lower.

PayPal has announced fees of 1.95 per cent of the purchase for transactions using the ‘Here’ reader. There is an additional 2.4 per cent plus $0.30 per transaction for invoicing services. In the event of a transaction where a card number must be keyed manually, that fee increases to 2.9 per cent plus $0.30.

Given the ubiquitous nature of credit cards and an almost total lack of concern by customers and merchants over the fees imposed, the ability to handle credit card purchases is much nearer to a necessity than to an option.

Recent Posts

Zebra MC3400/MC3450 - Now Available!!
Meet the latest innovations in the MC3000 Series family - the MC3400 and MC3450

Zebra MC3400/MC3450
Coming Soon, The Zebra MC3400 and MC3450 Mobile Computers. Empower your workforce with the newest additions to the MC3000 Series, offered in two form factors - straight shooter and gun. Engineered

Honeywell CK67 - The Next Gen
When it comes to powering your warehouse operations, the new CK67 is the device you didnt know you needed but definitely do. Built on Honeywell's rock-solid Mobility Edge platform, the CK67 promises

Element P135BT 2D Cordless Scanner
Looking for a reliable, versatile scanner that won't let you down? The Element P135BT Scanner

New Datalogic Memor 30-35 Range, Available now
Are you looking to boost productivity in your retail, transportation & logistics, or manufacturing operations? Say hello to the Memor 30-35 Family from Datalogic, the next-generation rugged mobile

How QR Codes are Revolutionising the Retail Experience
Just a few years ago, QR codes were the kind of thing youd see on a billboard or a random product, and most of us would just ignore them. But wow, have they made a comeback! Sydney retailers are now using