In a nutshell, IP means you connect through your High-Speed Internet connection. IP is sometimes known as DSL or Broadband.
The advantage of a IP Credit Card Machine is the speed. Transactions are usually processed in under 3-5 seconds. Another benefit is you can run multiple IP Credit Card Terminals through one Internet connection, which can save a merchant a ton in fees by not having to have a dedicated phone line for each Point-of-Sale device.
For businesses with many check-out stations, this option has become a lifesaver, resulting in much lower fees. For example, most dedicated phones for business cost around $45-$60/month. Let’s say you had four check-out stations. That’s four X $45 = $180 a month. Taking ALL those card processing machines and hooking them up to one internet connection is saving the merchant over $2000 a year.
However, most IP Debit/Credit Card Terminals have a “Gateway” fee of around $10/month. Now, if you have multiple Point-of-Sale stations, this is not an issue. However, if you are small business owner looking for the most cost effective solution and you don’t care about sharing your business phone line with your debit machine because you don’t have a high volume then you may want to use a Dial-up Machine that does not have a Gateway fee associated with it.
We have been helping small business owners connect to service providers that:
- Provide guaranteed financing regardless personal credit score
- Lease from as low as $29-$45/month (Depends on hardware, deposits, credit score, etc.)
- Provide ownership from as low as $1149 (including lifetime warranties)
- Provide debit transaction fees from as low as 8 cents
- Provide Visa & MasterCard rates from as low as 1.69%
- Provide a lifetime warranty included on all hardware
- Can deposit into any Canadian business bank account
- Can implement gift & loyalty card services (Very important-the power of gift cards can produce huge profits for your business.)
- Provide quality Customer Support 365 days of year
- Provide a 24 hours replacement unit if you current unit stops working (For most major urban centres; if you live in a remote area add an extra day.)
- Provide free software upgrades
- Ensure ALL terminals are PCI & EMV compliant (Very important -no point investing in a terminal that is already going to be obsolete.)
