In today’s fast-paced world, small businesses need reliable tools to accept payments quickly and securely. Whether you run a retail store, food truck or service-based business, having a portable and efficient card reader can make all the difference. QuickBooks chip and magstripe card reader is designed to help to accept payments on the go, when it is by inserting the chip or swiping the magnetic stripe. It is connected directly with QuickBooks to make bookkeeping and payment tracking much easier. In this blog, we will discuss QuickBooks chip and magnetic card reader, key features, why you use it and step by step guide to connect it.
What is a QuickBooks Chip Card Reader?
QuickBooks chip card reader is a small device that allows businesses to accept payments made with chip based credit or debit cards. It is designed to securely process these payments by reading information which is stored in the chip. It is more secure than traditional swipe cards because the chip creates a unique code for each transaction which reduces the risk of fraud. Some card readers accept magstripe cards and contactless payments like Apple pay or Google pay. It works seamlessly with QuickBooks software and automatically records payments which helps in accounting.
What is a QuickBooks Magstripe Card Reader?
QuickBooks Magstripe card reader is a small device that allows businesses to accept credit and debit card payments by swiping cards. Customers are simply swipe their card through the reader and then process the transaction. It helps businesses process their payments quickly and easily and sync directly with QuickBooks to record transactions automatically for accounting. This reader is the best option for businesses who still receive payments from older swipe card methods.
Key Features of QuickBooks Chip and Magstripe Card Reader
Here are the key features of QuickBooks chip and magstripe card reader.
QuickBooks Chips Card Reader
- Chip card reader accepts EMV chip card payment process which helps in secure transactions or reduce fraud risks.
- It supports contactless payments like Apple pay, Google pay and other mobile wallet payments.
- Automatically integrate with QuickBooks to record payments directly into your account.
- It is lightweight and easy to carry and perfect for mobile businesses or on the go payments.
- It provides 24/7 customer support whenever you need help.
QuickBooks Magstripe Card Reader
- It accepts magnetic stripe cards payment process and also easy setup or bluetooth connection.
- Magstripe card readers automatically integrate with QuickBooks for easy accounting.
- It should be a fast and reliable transaction process which reduces wait times.
- It can work with multiple devices like smartphones, tablets and computers.
- Magstripe card readers support 24/7 customer service.
Why You Should Use QuickBooks Chip and Magstripe Card Reader
Here we discuss why you should use QuickBooks Chip and magstripe card reader which are mentioned below.
Secure Transactions
Chip card readers use EMV(Europay, MasterCard and Visa) chip technology that is the safest way to process payments. It creates a unique transaction code every time which makes it impossible for fraudsters to steal or duplicate card information. Even a magstripe card reader ensures secure processing which helps keep you business protected.
Easily Integrate with QuickBooks
The reader integrates smoothly with QuickBooks, then every payment you process is automatically recorded in your account. This reduces the risk of errors and saves your time on manual entry.
Fast and Reliable Payment Processing
Both QuichBooks chip and magstripe card reader process payments quickly or reduce waiting time for your customers. It is a faster payment process for better experience for your clients and cash flow for your business.
Portable and Affordable
QuickBooks chip and magstripe card reader is portable and you can easily take it with you or use it whenever you need. It makes this reader a cost effective solution for small businesses.
Up to Date with Payment Trend
By using chip and magstripe card readers you can ensure your business stays current with the latest payment technologies.
How to Set Up Your QuickBooks Chip and Magstripe card Reader
Setting up your QuickBooks chip and magstripe card reader is a straightforward process. Here are the steps to to set up which are mentioned below.
- Step 1: Unbox the card reader and check if the necessary cables or bluetooth device are available.
- Step 2: Connect your card reader, if wired model then plug the USB cable into your computer or point of sale system. If bluetooth model then enable bluetooth on your device and turn on the card reader to pair it.
- Step 3: Open the QuickBooks app download and install on your computer or mobile device, it depends on the version of QuickBooks Online and QuickBooks Desktop which one you choose. Then log in your QuickBooks account and create a new one and connect the card reader to QuickBooks.
- Step 4: In QuickBooks, go to “Setting” or select “Payments” then click on “Connect Card Reader” and follow the on-screen instructions to connect the card reader to your account.
- Step 5: To test your card reader, you can swipe, dip or tap the card to ensure that the reader is working and processing payments correctly or not.
- Step 6: Once everything is connected or tested, you are ready to process customer payments and automatically record them in QuickBooks for easy bookkeeping.
Alternatives to QuickBooks Chip and Magstripe card Reader
If you want alternatives of QuickBooks chip and magstripe card reader, here are some options which are mentioned below.
- Shopify POS Reader: Perfect for Shopify users with seamless in-store and online sync.
- Stripe Terminal: It is ideal for online businesses with transparent pricing.
- SumUP Reader: It should be simple, affordable and no monthly fees.
- Square Reader: No monthly fees and also support chip, magstripe or contactless payments.
- Paypal Here: It has easy integration with paypal and accepts all card types payments.
Best Practice for Using the QuickBooks card Reader
Here are some points which you need to remember when you use a card reader.
- Check the card reader for any damage before use.
- If a card does not read then do not force it try reinserting or clearing it.
- Always log out QuickBooks after a transaction and also review transaction history regularly.
- You should wipe the reader with a dry cloth regularly.
- Always ensure QuickBooks are up to date and regularly back up your QuickBooks data.
Conclusion
In conclusion, we hope this blog will help to understand QuickBooks chip and magstripe card reader easily for businesses who are looking to streamline the payment process. It offers secure, convenient and seamless integration with QuickBooks. If you accept chip, magstripe and contactless payments then this card reader ensures a smooth experience for you and your customers.