Help in choosing the right payment system for start up

[Peyton White]

For those who have a retail business, what kind of credit card machine are you using? My friends and I are opening up a coffee shop in a few months and we would like to know what kind of credit card machine we should get. Do we go for a traditional credit card machine or a tablet POS system?

 

[T J Tutor]

For those who have a retail business, what kind of credit card machine are you using? My friends and I are opening up a coffee shop in a few months and we would like to know what kind of credit card machine we should get. Do we go for a traditional credit card machine or a tablet POS system?

I would go with Square, PayPal, Stripe, may be right for you. Amazon has one coming soon. Here is a list of a couple of dozen similar POS systems.

 

[Peyton White]

The tablet POS is more recommended for restaurants. I have been seeing such units in most of the coffee shops and fine dining restaurants I love to go to.

 

[Peyton White]

I read a lot about the difference of traditional credit card machines and tablet POS and I might go with the traditional CC machine. I'm torn between Ingenico and Verifone from TSYS. Do you know anyone who uses the same merchant solution?

 

[chelsearandol]

The tablet POS is more recommended for restaurants. I have been seeing such units in most of the coffee shops and fine dining restaurants I love to go to.

I was thinking about getting a POS system from Square up. I've seen a lot of that when I go to my local coffee shop.

 

[djbaxter]

Square isn't just for restaurants. I've used it occasionally as an alternative to PayPal or Interac in my business, although I haven't bothered to figure out how to use it to input credit card details when it's not a face to face transaction with a physical card present.

Pros: they are fast and easy and the money gets into your bank account quickly

Cons: if I recall correctly, their fees are a bit higher than PayPal (it's been a while since I last used it though so I'm not certain of that or if it's still true)

 

[VictorLoanz90]

I’d go for a tablet pos system such as square or stripe something that’s up to date and easy enough to use to where a cashier can operate it with ease

 

[Hanna]

Guys, what about accepting payments in crypto?


It saves you up to 70% on payment processing costs. Which is a decent number at the end of the month.


I think for SME it is the best solution and the procedure itself is simple - you just open the wallet and start.

 

[djbaxter]

As much as anything, I think it's a matter of confidence in the currency and I'm not even close to being confidence in the security and stability of crypto currencies at this point.