10 Best Card Swipe Machines: How They Make Transactions Easier

Nowadays, people prefer to carry cards for various types of transactions rather than carry cash. How come? It is hassle-free, easy, and there is no risk of money being stolen.

Card readers and mPOS machines are widely available. Everyone carries at least one card at all times.

How do Card Swipe Machines work?

Card swipe machines enable successful card transactions. The purpose of a card swipe machine is to process credit and debit card payments.

Few card swipe machines can also handle refunds, such as Paytm swipe machines. With a credit card swipe machine, you can also see the transactions made during the day.

You can also update the ATM swipe machine as needed. In retail stores, restaurants, showrooms and much more, ATM card swipe machines are extremely helpful.

How Do They Work?

Using a POS swipe machine is pretty easy. All you have to do is swipe the card in the ATM swipe machine and you're done. You can see the money deducted from a customer's account and deposited into the merchant's account in less than 30 seconds. But what happens during those few seconds? Read on.

Here are 5 simple steps showing how a card swipe machine works:

Step 1: Card Swiped

Card swipe machines and cards need to be in physical contact for any transaction to take place. Transactions are active only after the magnetic stripe on the debit or credit card is passed through the merchant's console.

Other types of swipe cards can simply be tapped against a card swipe machine.

Step 2: Using Electronic System

Data is transmitted from the card through the EIS or electronic information system. There is a network connection established to verify all the details of the debit or credit card provided.

Electronic systems with the right programming that read information from the swiped card are required for most methods of establishing a connection. A wireless network of a telephone line is also required for a network connection.

Step 3: Information Sent

When the swipe card is in contact with the POS swipe machine, the swipe card information is actually sent to a system to process the key transaction information. In other words, this step confirms the debit or credit card is active and has enough money to make the purchase.

Step 4: Further Verification

Other additional verifications might be required after swiping on some cards. Authentication of the user may be required. While processing their transactions, cardholders may be asked to enter their personal identification numbers.

Step 5: Transaction Fees

There may also be some transaction fees deducted after swiping, if the customer is using a credit card. This is because a merchant is charged every time you make a transaction with a credit card. Technically, a percentage of 1.6 to 3 is charged to a company.

This is in addition to the amount the company has to pay annually by default for getting into the credit card verification criteria. The account holder in a bank might also be charged with some additional fees after the card is swiped.

Mswipe

Mswipe Card is popularly used while making purchases with credit cards, however it can be used as debit cards swipe machine as well. It is safe and secure. This is often used in retail stores and by delivery executives. This machine can accept QR as well as contactless payments.

Why Choose Mswipe?

Digital and contactless payment through mobile payment apps, bank apps, cards, wallets, QR code

Great value prices with no hidden charges

Easy integration with different scanners, printers and other POS machines.

Mswipe Machine Price: Get Mswipe Wisepad at the starting price of just ₹2250.

PayUMoney

PayUMoney mPOS machine provides most affordable card swipe machines in India. It is the newest brand in the market that has started making card swipe machines. It can accept debit card, credit card, RuPay, Visa and more. It is even used in the smallest shops in the world.

Why Choose PayUMoney Credit Card Swipe Machine?

Zero setup cost

Go live in 48 hours

No monthly rentals required

No minimum balance condition

Link with any bank account

Facilitates all payment options

No documents required to start integrating

Customized checkout experience

PayUmoney Card Swipe Machine Price: Its price is available on request.

Paynear

Paynear ATM swipe machine is mostly used by the small and medium businesses. It is used in hotels, malls, hospitals, restaurants and in many more places. It is quite user to use and can be often seen at local kinara shops and retail shops.

Why Choose Paynear swipe machine?

Credit and debit cards can be used simultaneously

Provides card-on-delivery option

Collects payments at customers’ convenience

Acts as functional cash register with all the features needed

Automatic settlements regarding every type of payments

Customers can pay using wallets as well

Paynear Swipe Machine Price: The price is available on request.

PayPal

One of PayPal's main services also includes card swiping machines. PayPal is widely known for online payments, but its card swipe machine is also one of its newer services. PayPal's credit card reader allows users to easily send and receive money and even set up a merchant account.

Simply swipe the card and type in the amount. The card swipe machine allows you to keep track of all transactions.

Why Choose PayPal POS Swipe Machine?

Simple pricing

Accept all payment types

Live customer support

No long-term commitment

Credit card security

PayPal Swiping Machine Cost: The price is available on request.

Bijlipay

Bijlipay ATM card swipe machines collect data. Digital receipts can also be printed and digital signatures can be captured. The mPOS machine gives you real-time access to all the data related to your transactions.

In addition to saving paper, it helps manage end-to-end payment operations, including ME payouts and risk profiling.

Why Choose Bijlipay Credit Card Swipe Machine?

You can create custom payment methods

Manage end-to-end payments

that are the best in the industry

Payment solutions such as mPOS, SDKs, eCommerce PGs, and GPRS POS are available.

*4500 is the price of the Bijlipay Card Swipe Machine.

Paytm Card Swipe Machine

The Paytm swipe machine was recently released. Businesses of all types can use it. In addition, since Paytm is popular with a lot of merchants, it would make sense for Paytm to make their own card swipe machines. All types of cashless payments can be made using Paytm card swipe machines. They're simple, safe, and secure.

Why Choose Paytm Debit Card Swipe Machine?

One-stop payment solution

for instant settlements

One platform can be used to use credit/debit cards, UPI, wallets, and net banking

Using secure hardware, payments can be made securely

by SMS

Payment Swipe Machine Price: The price is available upon request.

HDFC Swipe Machine

HDFC Bank is the first bank in India that has launched its own POS swipe machine. Digital payments are enabled using the mPOS machine. At the end of each day, the credit card swipe machine generates a report regarding all the credit and debit transactions made that day.

Why Choose HDFC Swipe Machine?

Credit and debit cards are accepted, as well as BharatQR, UPI, PayZapp wallet, and SMS Pay.

One terminal accepts all payment methods.

Benefits monetary as it uses UPI, which is the cheapest digital transaction

mode

with low chargebacks and fewer disputes for customers

DiGiPOS upgrade is free

HDFC Card Swipe Machine Price: The price can be obtained upon request.

SBI Swipe Machine

To make cashless transactions easier for its customers, State Bank of India has introduced SBI swipe machines. In case of grievances relating to its mPOS services, SBI offers 24x7 support and there is no obligation to maintain a minimum balance.

Why Choose SBI ATM Card Swipe Machine?

The SBI Credit card swipe machine terminals are secure, preventing card duplication

and boosting sales for merchants

SBI is one of India's biggest banks, so its services are trusted by customers

with no additional fees

There are numerous point of sales terminals available, including PSTN, mPOS, NFS, desktop GPRS, etc.

Prices for SBI swiping machines can be obtained upon request.

Payswiff Swiping Machine

Using a Payswiff swiping machine, merchants can accept payments and provide printed receipts with a secure and easy-to-use system. Due to its larger battery and seamless integration with SIM and WiFi, Payswiff swiping machines last longer.

Why Choose Payswiff POS swipe machine?

With this debit card swipe machine, merchants can accept both contact and contactless cards.

No app or machine is required.

Customers can receive receipts via SMS and email.

Transactions are highly secure.

Customers may use this ATM for card-on-delivery services.

Cost of Payswiff Swiping Machine: Prices are available upon request.

Mosambee Card Swipe Machine

The Mosambee credit card swipe machine supports cashless payments using credit and debit cards. A Mosambee ATM swipe machine works on Bluetooth technology and can be connected to a mobile device.

Why Choose Mosambee ATM card swipe machine?

RBI and credit card regulations compliant

POS swipe machines accept both swipe-based and chip-based cards

cards

cards, making them economical for vendors and merchants

UIDAI and Adhar cards

For all types of POS transactions: sale pre-authorization, void, etc.

Mosambee swipe machine price: Price is available on request

Frequently Asked Questions (FAQs)

What is the best card swipe machine price I can get in India?

Card swipe machines are available for different prices in India. To obtain pricing details and demo, you can visit Techjockey.com.

What are the different bank swipe machines used in India?

Different bank swipe machines used in India are Swipe machine HDFC bank, ICICI swipe machine, SBI swipe machine and Swipe machine Axis bank.

How to get a swiping machine from a bank?

– The merchant can submit a request to their relevant bank. The bank would then demand that the merchant fulfil two criteria – Their establishment should exist legally, and they must be in business for more than 6 months.

– After this, the applicant would be required to submit their ID proof, address proof, financial documents etc.

– In the last step before installation, you would be required to pay one installation charge and monthly charges thereafter.

Conclusion

Card swipe machines can make monetary transactions easier than ever. Card swipe machines have gained popularity due to cashless culture and the ability to move freely without carrying tons of printed notes.

Card swipe machines are priced according to their features. By choosing the right one, a store, restaurant, or any other B2C business can make the payment process extremely simple and efficient.