Three Reasons to Use Mag Stripe Readers in Your Business

Those little plastic cards everyone holds in their wallet can contain a lot of information. The credit cards, debit cards, and ID cards hold valuable information on that little magnetic stripe. Mag stripe readers grant access to the information stored on credit cards, debit cards, and ID cards. License scanners and lotto ticket scanners can offer a good business platform when combined with a credit card reader and smart card reader. This equipment can help your business by allowing customers to easily purchase items. The convenience for the customers may result in increased sales for your company. Here are three reasons to have a mag stripe reader in your business.

1. Magnetic stripes have information. Up to 60 characters can be held on the magnetic strip found on credit cards and ID cards. The 60 characters can include account information and name of the card holder. In order to accept payment, you need to access that information. The faster you can do it, the better. By simply swiping the card through a magnetic card scanner, you can access all the information you need quickly and efficiently. That means more customers can be served and there is less waiting around.

2. People don’t often carry cash anymore. Cash is difficult to keep handy and can be inconvenient. Many people prefer to pay with either a debit or credit card. In 2014, 78% of respondents to a survey said they preferred to pay by either credit or debit card. Credit and debit cards are easier to use and store than cash. Using a credit or debit card means that you don’t have to carry a wad of cash, just one simple piece of plastic, to make your purchases. No messing with the change and no wondering where that other $20 went. Just pull out the card and run it through the machine. Customers like the convenience and the ease of shopping this way.


3. Having more than one location to pay can be beneficial. When field service workers have the technology such as credit card readers and RFID scanners, efficiency increases. Having more than one location or person that can accept payment will meant that customers don’t have to wait around. Their purchases can be wrung up and more customers can be served. This level of efficiency can help you increase sales and better serve your customers. Mag stripe reader can help provide this service to your customers.

Mag stripe readers are a valuable tool for businesses. They can read the magnetic stripe on credit and debit cards, ID cards, and even lotto tickets. The convenience of using credit and debit cards is powerful with customers. Customers want to purchase items, and you want to make it as easy as possible for them to purchase those items. Mag stripe readers can do just that. Consider adding more mag stripe reader to your business to better serve your customers.