What is a chip and PIN machine?
Chip and PIN machines, sometimes referred to as PDQ machines, have been used in the UK for almost twenty years. They protect customers from credit card fraud and counterfeiting by using a small computer chip and your personal identification number to accept card payments.
So, how do chip and PIN machines work? Simple, once a customer has entered their card into the machine, a request for authorisation is sent to the card issuer. If the card is approved, the customer enters their PIN and the transaction can be completed. Then, the credit card processor will request money from the card issuer and deposit it into the merchant account.
The unique chip and PIN authorisation process can be performed whether your terminal is online or offline — making it ideal for cafés and restaurants who want to accept payments away from their cash register.
The iZettle chip and PIN card reader
The iZettle Reader 2 is a mobile chip and PIN machine that also accepts contactless, Apple, Android and mobile pay. It has all-day battery life making it totally mobile.
Card payment transaction fee: 1.75%.
Sign up now and purchase the iZettle mobile chip and PIN card reader for only £291.