If you take a look in most shops, you’ll find that almost all of them have credit card processing machines. It’s much easier to simply swipe your credit card, pay for the goods, and leave. This is especially true for people at the cash register and even accountants because every payment gets processed and all of that information is available at all times. Anyway, let’s see what the future of credit card processing will bring us!

Virtual Terminals

In short, virtual terminals are online POS machines. POS machines are Point-Of-Sale machines which are used to process credit card payments. Virtual terminals are programmed in such a way that they usually accept most credit and debit cards, as well as access from all web browsers. They are most often hosted on the service provider’s servers. Virtual terminals are great because they can speed up payment by a significant margin.

Credit Card Swipers

Credit card swipers are easily used. You simply swipe the credit card through them and the payment is processed. They are easy to use and fairly simple, and there are even USB Swipers which are probably the simplest of them all. Most shops and supermarkets have them.

EMV Chip Readers

About 5 years ago, no credit card or debit card had an EMV chip on it. Nowadays, however, almost all major card providers are switching to EMV chips. Several security breaches are what caused this change. EMV chip cards are more secure than regular cards because of the computer chip that exists on them. EMV chip readers read these chips. You might have seen small, metal squares on new credit cards – those are the EMV chips.  Before the change from magnetic strips to EMV chips is finalised, most first generation credit cards will be equipped with EMV chips and magnetic strips because EMV chip readers aren’t available everywhere yet.

Payment Gateways

Payment gateways are merchant services that an e-commerce application service provider provides to direct payment processes for online retailers, e-businesses, bricks, and clicks, etc. They are also used for authorising credit cards. Payment gateways were particularly useful for High-Risk merchants because most banks don’t want to work with these merchants and they have to find an alternative. A high-risk payment gateway is great in this case because it offers credit card processing and authorisation without having to go through the hassle of contacting a bank and requesting services.

Mobile Payment Processing

This feature has only recently been put to use because of accessibility issues with phones from the previous generation. Namely, mobile payment processing applications have been developed to speed up payment processing and make it available anywhere. Merchants can finally accept and process credit cards, debit cards, and checks – simply by installing mobile payment processing apps on their smartphones or tablets.

POS Credit Card Processing

Point-Of-Sale credit card processing has been around for a long time. However, it is constantly evolving and improving. POS works by processing credit cards and giving out invoices to customers (which isn’t always required). Even though there are various, more modern methods of processing credit cards, POS systems will most likely stay for a few more decades in the very least.


When all of your money is stored in a bank account that is connected to your debit card or your credit card, and you’re afraid of carrying a lot of money in cash in your wallet – credit cards are the way to go. Not only are you safer, but it’s also much easier to pay for services and products. Simply authorise your credit card wherever you might buy things. Luckily, credit card processing methods are constantly evolving so there’s no reason to believe that credit cards will fall out of favour!