![]() Pricing will vary based on various factors, including, but not limited to, the customer’s location, package chosen, added features and equipment, the purchaser’s credit score, etc. Most new EMV chips allow for contactless payment processing, which is faster and reduces the spread of bacteria.ĭisclaimer: The information featured in this article is based on our best estimates of pricing, package details, contract stipulations, and service available at the time of writing. Along with being more secure, EMV cards are quicker and more convenient than dated magnetic stripe cards. Merchants, or small-business owners, who don’t make the transition may end up paying high fines if their company falls prey to payment fraud. The latest liability rules in the US incentivize businesses and banks to make the switch to EMV card processing. EMV chips help to decrease fraud with improved protection for merchants and consumers. Rather than relying on cloneable magnetic stripe data, an EMV chip creates a unique code that is extremely difficult to copy. The most important reason businesses are switching to EMV credit card processing is for better security. Here are just a few reasons EMV card processing continues to rise in popularity across the globe: EMV chip cards offer a host of benefits to small-business owners and consumers alike. ![]()
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