IS YOUR POS SYSTEM EMV COMPLIANT?
When a customer hands your employer a chip-enabled card and the card reader is not EMV (chip) ready, liability for any chargebacks shifts to you, the business owner. This has been the case ever since the liability shift occurred on October 1st, 2015.
However, many point of sale providers are not offering a solution, especially one that allows for tip adjustment on EMV(chip cards). The providers that do offer a complete solution can end up being so expensive that it is cheaper for you to simply eat the cost of chargebacks than pay for an EMV upgrade to your current POS system.
When we started working on a solution, we had three criteria to meet:
- It has to solve the problem, which is to remove the chargeback liability from the business.
- It has to be cost-effective for the merchant.
- It cannot negatively impact the customer's payment experience.
We researched options, field-tested several of them, and then implemented the leading solutions. The result is that we've met the criteria above and now have an EMV solution to offer any hospitality business, no matter what point of sale they are utilizing, even if it has been custom built.
At PayProTec, we've worked with restaurants losing up to $15,000 per month in each of their locations due to this liability switch. If your business is one of those that has a non-compliant Point-of-Sale system, let us work with you and your POS provider to make sure you don't end up burdened with EMV-related chargebacks.
LET'S STOP THE CHARGEBACKS AND STOP THE BLEEDING!
LET'S WORK TOGETHER FOR A SOLUTION!
If you operate a multi-location hospitality business and utilize point of sale systems like Aloha, Micros, or anything similar, this solution is for you.
At PayProTec Southeast, relationships are of utmost importance to us. While we are a business solutions company focusing on payment processing, it is the emphasis on building relationships that sets us apart. In fact, this has allowed us to excel in innovative technology that enhances the overall customer experience. Providing EMV acceptance for brick and mortar businesses has become an everyday mission, no matter what industry those businesses fall under.
No matter what your current system is or what your current needs are, PayProTec is committed to providing an EMV solution for you.
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