Four key considerations when choosing a new payment terminal
Do you have a payment terminal from the brand Yomani, Yoneo, Yoximo, or Xenteo? Then it's important to pay close attention this month. In April 2024, the certifications for several Yomani, Yoneo, Yoximo, and Xenteo payment terminals will expire. This means you will no longer be able to use your terminal. Nothing is more frustrating than a payment device that doesn’t work — both for your customers and for you as a business owner. After all, it could cost you revenue. Make sure to have a suitable replacement in time. But how do you choose the right payment terminal? We’ve listed the four most important factors to consider when making your choice:
Compare Rates:
We can't ignore it — price remains an important factor when purchasing a payment terminal. But don't just look at the purchase price; also consider the transaction fees. Many companies promote terminals with a low purchase price but then charge high fees for processing payments. That’s why it’s wise to compare the transaction fees in advance — for all types of payments. Besides debit card payments, credit card transactions are also common. Different payment providers charge different fees for these. It definitely pays off to explore which option best suits your business.
Choose the Right Type of Payment Terminal for Your Business and Industry:
Payment terminals come in all shapes and sizes, so there’s a suitable option for every type of business or industry. In the hospitality sector, for example, terminals are often used in combination with ordering systems. Devices must also be suitable for taking payments on terraces. That’s why many hospitality entrepreneurs opt for lightweight devices. A bakery, on the other hand, often uses a different type of terminal that’s fixed to the counter. Not only the weight but also the battery life can be important factors when choosing the right device.
Which Payment Methods Do You Want to Accept?
Most payment terminals accept transactions from Visa, Visa Debit, V Pay, Mastercard, Debit Mastercard, Maestro, and AMEX. However, you must decide in advance which payment methods you want to enable. In the Netherlands, credit card usage is increasing — even for small purchases. By accepting credit cards, you offer your customers their preferred payment method and attract new target groups such as tourists and expats.
Payout of Transactions and Delivery Time:
“Ordered today, delivered tomorrow” is the standard we’ve come to expect. Unfortunately, that’s not always the case when purchasing a payment terminal. Delivery times and procedures vary by provider. Some deliver a ready-to-use terminal as quickly as possible, while others may take up to a month and require additional configuration. Payout speeds also differ between providers. As an entrepreneur, you naturally want your revenue in your account as quickly as possible — perhaps even over the weekend.
Long-Term Choice
Purchasing a payment terminal is not something you do often. So make sure to choose a solution that will support your business in the long run. Curious about the options at Buckaroo? Visit our website and explore our range of payment terminals and accessories. Especially for users of terminals with expiring certifications, we are offering a special discount: you won’t have to pay the €58 registration fee. Order your payment terminal here using the discount code "INRUILEN2024".
Why choose Buckaroo?
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Cost savings
We offer the cheapest rates in the Netherlands. In the long run, you are guaranteed to get the best deal with us. -
Reliability
With Buckaroo, you know your payments are secure. All our Payment terminals meet the highest security standards, including the latest encryption technology to protect data. -
Convenience
Our Payment terminals are intuitive and easy to use, both for you and your customers. No complicated processes, just quick and efficient payments.