4 ms·
If this can always process chip cards that quickly, I'm very impressed. Usually it's at least 10 seconds, just standing there staring at the card reader, waitin
by jumelles 8y ago
If this can always process chip cards that quickly, I'm very impressed. Usually it's at least 10 seconds, just standing there staring at the card reader, waiting.
- GarrisonPrime 8y agoI use their current (now prior, I guess) chip reader, and it completes the transaction within just a second or two. Most of my customers are surprised it's so fast, compared to other chip reading registers around town. That could be because I'm using a cellular internet conneciton however. My town's cable internet is notoriously throttled.
- eigenvector 8y agoDoesn't it depend on the speed of Internet connection? Here in Canada, chip terminals often show 'PIN OK' - meaning that the local part of the transaction has been completed - within 1 second but then need 10+ seconds to communicate back to the payment processor.
- dsimms 8y agoNot just in Terminal, but chip and tap in general: https://squareup.com/us/en/press/square-makes-payments-even-faster https://squareup.com/us/en/press/square-makes-payments-even-...
- kondro 8y agoThe average time to complete a scheme card transaction is sub 4 seconds on a lowish-latency network. Any extra time is due to the implementation on the merchant side.