How to turn your phone into a payment terminal?

Acquiring is that "elephant" in the room that few people talk about, but it is used quite often. A customer comes to a store and pays with a card or makes a payment for a service using a simple transaction, and this is what acquiring is.

In summary, acquiring for individual entrepreneurs is the process of processing credit and debit cards during purchases or transactions. And if previously a terminal was needed, now a smartphone will suffice.

Free acquiring for individual entrepreneurs: making the complex simple

Let's start with the fact that acquiring is necessary in several cases, such as purchasing goods or services using a bank card.

How this simple process works:

1. The customer or client pays for goods or services.
2. The seller reads the card details from the customer's card using the acquiring terminal.
3. Then, through the acquirer, the transaction itself occurs.
4. In the case of a successful transaction, the seller and client receive a notification.

The entire process is quite simple and understandable, but there is a small yet very important nuance. This is about the terminal. It can be a familiar device like a POS terminal or a phone. The ability to use a smartphone is precisely what may attract individual entrepreneurs.

Who will benefit the most from this function: small and large businesses, store owners. Anyone who is legally required to have a terminal.

The phone will become a terminal in just a few minutes

Thanks to Fondy Terminal, any individual entrepreneur can use their phone instead of a terminal. Previously, such terminals had to be purchased or rented, but now it is enough to download the app and forget about cash register equipment.

It is quite simple:

1. Register.
2. Activate the merchant.
3. Install Fondy Terminal.
4. Choose one of the main technologies tap2phone from Visa.
5. Forget about problems with terminals.

Such a simple task can be handled even by a person without experience.

A few words about the advantages that Fondy Terminal provides: through the phone, it will be possible to view the list of goods, services, electronic receipts, process refunds to the card, and view analytics. Everything will be in one app.

To find out how to register, you can read more on the Fondy Terminal website. Following the exact instructions, it will be quite easy to install the app, complete the registration, and understand the entire reporting.

The Fondy Terminal offers individual entrepreneurs and businesses an innovative solution that turns an ordinary smartphone into a full-fledged payment terminal. This means that you no longer need to invest in purchasing or renting stationary terminals – you just need to use the device you already have.