5 Steps To Integrate Payment Terminal with Magento POS System

Adding a POS system and a payment terminal to your business will provide you with the tools you need to become a market leader in your area. These technologies are used by major chain stores to increase efficiency, and you may provide your consumers with a comparable experience.

What is a POS terminal?

Businesses can process payments using a point-of-sale terminal. POS terminals are a component of your broader point-of-sale system, containing all necessary hardware and software. The top POS systems could do more for your business than just accept payments, including inventory management and personnel management features.

Smartphones with built-in card readers to counter terminals that print receipts, scan barcodes, and more are all examples of current POS terminals. A POS processes every in-store payment fast, effortlessly, and securely, allowing you to provide your consumers with a smooth shopping experience.

The Magento eCommerce POS terminal accepts many sorts of payment methods. Ideally, the terminal you select for your business should be able to get all of the following payment options: In-store, online, and on the go.

How to Choose the Best POS Terminal

A POS terminal serves a variety of purposes for various activities. Consider the following factors to help you choose the correct terminal:

Business Model

If you don’t have a physical location, you should prefer a countertop POS system above a mobile POS system or vice versa. Most POS software is equipped with mobile devices such as smartphones and tablets and may be used in conjunction with a card reader to turn your smartphone into a small-scale POS terminal.

Payment method

All orders via integrated POS terminals should be accepted that are paid with cash, credit card, or debit card. Without using the Internet, shoppers may buy from businesses, trade exhibitions, and even pop-up shops. Some companies use QR codes and peer-to-peer payment applications, which are supported by some terminals. You can use Uniqode’s QR Code Generator or TQRCG to create your own QR codes.

The Magestore POS terminal can work with payment terminals that use Web Application technologies like Web API, Cloud API, and Javascript SDK. With error-free processing, payment totals will be provided instantly to your connected payment device.

Cost

Consider how much money you’re willing to invest in a POS terminal. Remember that, in addition to the hardware, you may have to pay a subscription charge for any program you pick, as well as transaction processing costs.

With little adjustment by IT professionals, you may continue to use your present terminals to link to Magestore POS. You’ll have to pay a little fee for this, but you’ll save money on terminal change. Let’s use the powers of your terminals and Magestore POS to improve consumer shopping experiences and speed up transactions.

5 Steps To Integrate Payment Terminal with Magento POS System

Step 1. Choose your Payment Terminal

Selecting a payment terminal is a crucial step. It enables retailers to provide an appealing payment option. In just a few years, the bank card has evolved into a reference payment method.

Cash, check, bank transfer, and bank card are among the options available to entrepreneurs and retailers. All of these options are viable and have their own set of advantages and disadvantages. Therefore, you should consider your business needs to select a suitable terminal.

Step 2. Prepare for the integration

The equipment required varies based on the layout of your store. Payment terminals, cash registers, barcode readers, and receipt printers are all required by certain establishments. For some, owning an iPad is plenty.

You must connect the terminal to the workplace in order to combine a POS system with a terminal (on which the POS system is installed). Traditionally, POS was linked to the terminal by a serial connection (now – via a USB port). There are various options for arranging POS and terminal interaction.

Semi-integrated and fully integrated

There are two names that are typically used to describe the communication paradigm between a POS and a terminal when it comes to integrated terminals solutions: semi-integrated and fully integrated

A terminal is utilized as a reader in a fully integrated method, acquiring card information that is then ingested by the POS system, formatted into relevant messages, and transmitted to the gateway for processing.

The terminal is often used as a standalone processing device in a semi-integrated manner, collecting payment information, formatting the relevant message, and sending it to the gateway or processor for authorization.

Using an SDK for integration

The technique has the benefit of being the most popular and extensively adopted, since appropriate SDKs are accessible and generic drivers like as uPOS, JavaPOS, and others are available and supported by current POS systems.

The approach’s downside is that it isn’t always appropriate for web apps that aren’t granted access to an operating system’s low-level services. While such programs can rely on ActiveX controls or Java Applets, these methods come with their own set of security and deployment issues.

Using a REST API for integration

Another option is to use a REST API to connect to the terminal. The technique has the advantage of not requiring you to interact with native code. Any program that can make web-service calls may interface with and control the terminal.

The drawback of this method is that all of the logic that drives the terminal’s behavior is often deployed as the terminal application within the device. Any improvements to the application in this circumstance necessitate terminal updates. As a result, maintaining such a configuration without the use of a terminal management system is challenging.

Step 3. Integration

The goal of integrated payments is to synchronize the systems and platforms that help businesses with their payments. For businesses, this usually entails connecting your point-of-sale system (POS) to your payment processor so that data may flow seamlessly from one platform to the next. Integrating BSS transformation solutions into this setup can further optimize the efficiency of payment processes and streamline business operations across platforms.

This approach eliminates the need for customers and payment card information to be manually entered at the checkout counter. Because your POS is linked to your payment processor, all of the relevant information is available when you utilize your EFTPOS terminals to start the transaction.

Step 4. Test in an Environment

An overview of the Sandbox, which may be used in a test environment to replicate orders, invoicing, payments, and transactions. If you’re testing in one of the sandboxes and want to try things out on a POS, you may log any POS terminal into that environment and place test POS orders. If a new POS feature is published, a new version of the POS Sandbox software will be accessible to download in order to sample those new features.

Step 5. Complete the integration

Magestore’s POS terminal is now linked to your payment terminal, allowing consumers to shop and pay later. No additional setup is required. Simply accept money from consumers immediately and allow them to check out promptly.

Conclusion

When your payment terminal and Magestore POS work well together, you may simplify your ability to accept payments, allowing you to collect payments quickly and provide a better overall experience to your consumers. Finding the finest Pos software with credit card transactions for your company is definitely worth the time and effort.