One of the fastest growing methods of payment available today.
With Personal Identification Number (PIN) debit, customers simply enter their PIN, verify the transaction total and press enter.
Paying with cash or check can be costly for customer and merchant alike. For the customer, having cash on hand often means an extra trip to the bank or ATM, and for the retailer, checks may have burdensome costs while cash is prone to shrinkage.
Not only one of the fastest methods of payment available, PIN debit is emerging as a customer favorite. With PIN debit payments, electronic deposits are made to the merchant accounts automatically, simplifying daily deposit reconciliation and improving cash flow. In many cases, interchange rates for PIN debit are lower than for credit card and signature debit cards.
How It Works
PIN debit works similarly to other cards, but because only the customer knows his or her PIN, signature comparisons at checkout are unnecessary, which helps control processing costs and minimizes the potential for fraud.
Help Your Business
- Process and verify faster and more securely
- Lower processing costs
- Encourage repeat business and earn customer loyalty
- Increase average ticket size
Help Your Customers
- Pay quickly and reliably
- Make fewer trips to ATMs
- Seamless integration into third-party software packages
- Easy integration with reporting solution that tells you who your customer base is and how they prefer to pay
