A card reader is an instrument that reads the data on the magnetic strip found on the back of most bank cards, credit cards, and identification cards. Customers prefer card payments over cash because of the convenience of card payments. According to the Nilson Report, over 1 billion credit card transactions take place every day worldwide. Businesses can boost sales by accepting credit card payments as customers make more impulse purchases with credit card payments.
On swiping the card, the magstripe on the back of the card containing the cardholder's information is transmitted to the merchant. After a series of data exchanges including the customer's bank, the transaction is processed if the funds are available. For chip and PIN transactions, a customer's PIN is required to process the transaction. All this process takes a few seconds and the transaction is completed effortlessly. Mobile credit card readers are different from sd cards or SD card readers. The SD card reader android is a memory card reader that is compatible with android mobile phones.
Moving ahead from the credit card machine, there are various card readers that present-day businesses can select according to their requirements. Mobile or
tablet POS or mobile card readers are famous for their portability feature that helps businesses to accept payments on the go. Traditional mobile card readers have a keypad or touchscreen. For others, businesses need to connect to an Android phone or tablet, for example, Samsung Galaxy, for accepting payments.