Prior to the existence of these machines, there was only so much you could do with a credit card or a debit card. One would have to draw money from the bank and then use it to pay for a meal at a restaurant or a ticket to watch a movie. Since the inception of credit card machines, the old school routine of constantly drawing money from the bank has been removed. Instead, one can simply go directly to a point of purchase and make a transaction without being anywhere near a bank.
The biggest advantage of using these machines is security for both the customer and the business. By using a credit card machine, one is transferring data to a service provider that authorises the payment and then sends it to the businesses account with no chance of fraud or miscalculation involved. Since the payments are done using telephonic technology, businesses are less prone to being robbed or attacked for money as it will be intangible and already in an account.
The design and usability of a credit card machine is also advantageous. The machine is not large and can easily fit in one’s hand, allowing it be used anywhere whether you’re sitting at a restaurant table or standing in a queue. The credit card machine is also easy to use and can transfer funds from ones account to another almost instantly. The machine is much like that of an ATM. Simply enter your code and confirm the purchase you wish to make. It’s more simple and efficient as opposed to scrounging around your purse trying to find a couple of coins.
These marvelous machines have proven to be a valuable point of sale for both businesses and customers. They provide security, efficiency and so much more that greatly improve transaction methods. It also encourages the use of credit or debit cards, reducing the customer’s dependency on physical money.