It may seem like a credit card machine is of little concern compared to buying the machinery, like a credit card machine for an instance, which is most common tool for a business.
But, imagine this: Twenty people are waiting in line behind the counter because the current customer, who's already impatient, is also waiting just because the cashier runs out of paper machine in the middle of transaction.
Now, that would create a rather not so good impression to your customer, wouldn't it? How about chargebacks and cardholder's dispute cases? Merchants should be able to produce receipts of transactions in cases when there are charges for disputes or chargebacks.
For example, a customer walks in a store and selects several items to purchase.
The customer offers his Visa for payment.
The merchant then imprints a sale draft and swipes the customer's card for authorization.
After validation, the customer signs the sales draft and leave the store.
Several weeks later, the merchant receives a notice that the sale transaction made is being charged back.
Now, what happened was the customer illegally changed the account number of the card.
The account number of the cardholder has been altered and was magnetically embedded in the changed card.
The true cardholder receives a statement and does not recognize the charge coming from the merchant of the store.
He then contacts his card-issuing bank and a retrieval request is initiated.
The card information showing on the copy of the sales draft provided by the merchant does not match the information from the card submitted electronically, so the card issuing bank initiates a chargeback.
The merchant from the story can be protected against this type of chargeback provided that the card was not expired, sale was submitted within 30 days of authorization and that the sales draft was signed and the signature matched that of the cardholder.
Sometimes, small things make the work complete.
Small things like machine papers can also protect your business from these kind of situations.
How and where will you buy your credit card machine paper? Check first your credit card processor.
The printer paper should fit your processor.
Next, check the right grade.
Most printer paper follows the standard, so there shouldn't be too much problem on this.
Printer paper comes along with the printer ribbon or cartridge.
You can purchase these supplies in combination package for the price of one.
Stack at least 20 combination packs of these papers on your store so you won't run short while at work and avoid too often reordering.
Now, the most convenient place to purchase your credit card machine paper is where you purchase your credit card processor.
The distributor has the necessary supplies to keep your equipment operational.
If these supplies are not available from the distributor and you are to purchase from other companies, keep in mind the compatibility of the paper and your credit card machine paper.
Starters in the trading industry would most likely buy the needed machines and equipment after getting their loan to start their business.
If you are one of these starters, keep in mind that even small supplies like credit card machine papers have important role in protecting a merchant's business while still providing quality service to your customers.