Electronic machines for reading credit cards, also known as credit card terminals or card readers, are devices used to process credit and debit card transactions. These machines are commonly found in retail stores, restaurants, and other businesses that accept card payments. Credit card terminals typically consist of a small electronic device with a magnetic stripe reader, a keypad for entering transaction amounts and other information, and a display screen for showing transaction details. Some terminals may also include a chip reader for EMV chip cards, a contactless reader for mobile payments, or a printer for generating receipts. When a customer makes a purchase using a credit or debit card, the card is swiped, inserted, or tapped on the card reader, and the terminal communicates with the card issuer to verify the card's validity and available funds. If the transaction is approved, the terminal prints a receipt for the customer to sign or enter a PIN. The funds are then transferred from the customer's account to the merchant's account. Credit card terminals have become an essential tool for businesses that want to accept electronic payments. They provide a secure and convenient way for customers to pay for goods and services, and they help businesses to increase sales and reduce the risk of fraud.
credit card, debit card, transaction, magnetic stripe, EMV chip
CITATION : "Charles Williams. 'Electronic Machines For Reading Credit Cards.' Design+Encyclopedia. https://design-encyclopedia.com/?E=335158 (Accessed on August 02, 2025)"
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