A payment terminal (also known as a point of sale terminal or credit card terminal) is a device that interfaces with payment cards to make electronic fund transfers from the card to the point of sale system the terminal is attached to.
Newer models not only process credit and debit cards, but also handle gift cards, checks and more. They allow a merchant (or customer) to insert, swipe or manually enter the required card information to obtain authorization from a merchant service and then tranfer the required funds to the merchant.
Many payment termals require a software key-injection to operate properly and securely with the point of sale system and/or software it is connected to, which often has an additional fee.
Need help? Legacy’s product experts can help guide you through EMV compliance, key-injections and other issues relating to this hardware.