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Best Buy Credit Card Reader

The best credit card reader for small business will keep your customers happy, by letting them make card payments wherever you are, without needing any extra equipment. For anyone selling photographs at a local market - or for taking deposits for weddings - the ability to accept credit cards makes you look more professional, and makes things easier for your shoppers.

best buy credit card reader


These small and portable devices connect to your phone or tablet via Bluetooth and provide you with a free app to run things. That makes it simple for you to take payments, say, for prints you're selling at a local market, or for your day's services as a wedding photographer. For this, the best credit card readers charge quite a minimal transaction fee, and most of them are pretty cheap. Some are even free!

The My Best Buy Visa Card* may be a best buy for those looking for a way to finance large purchases from the big box electronics store or to earn rewards on everyday spending to help buy a new TV or other devices, but we feel the card offers little else of substantial value.

Beyond these terms, the My Best Buy Visa, like its store-only counterpart, offers two separate, different incentive programs. The first involves an additional reward category: With the My Best Buy Visa, cardholders who elect standard credit terms access an extra bonus category and earn 5% back in rewards on eligible Best Buy purchases. Alternatively, card account ownership may involve deferred interest financing options.

The My Best Buy Visa Card offers financing options its advertising calls deferred interest financing, but, despite some similarities, these offers are not the same as a typical credit card offer of 0% introductory APR on purchases. Like a 0% introductory period, interest will not be charged if the entire principal is paid off before the end of the promotional APR period. Unlike a typical low introductory APR period, with deferred interest financing on the My Best Buy Visa Card, regular monthly payments are required.

The card offers an array of financing options your Best Buy-only purchases must qualify for. Both merchandise type and amount spent qualify your purchase balance for deferred interest financing of a specific length. The table below shows the deferred interest financing periods available for purchase types and the corresponding minimum spend amounts.

Reward certificates may be used at Best Buy retail stores, and the Best Buy mobile app, but some products, like gift cards, certain premium major home appliances and home theater products, sales tax, service charges and discounted Best Buy Business or commercial purchases or anything purchased from a nonparticipating store or a Best Buy Store via third-party marketplace like Amazon, Google or eBay do not qualify and cannot be purchased using reward certificates.

To determine the rewards potential of the Best Buy Credit Card we consider what an American household might spend on a credit card each year. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. The 70th percentile of wage-earning households bring in $107,908 annually and we base spending on that number.

Forbes Advisor estimates that the household has $32,072 in expenses that can be reasonably charged to a credit card. We also assume that the cardholder choosing to hold the Best Buy Credit Card will spend at least $3,500 annually.

A cardholder with $3,500 in annual purchases at Best Buy would earn 8,750 points from those purchases, 4,275 points on gas purchases, 8,936 at restaurants and grocery stores and 10,143 points on all other purchases. This would result in total annual point earnings of 32,104, which could be redeemed for 128 $5 reward certificates for a total of $640 to use at Best Buy with a few points left over to go toward the next certificate redemption.

With a cleaner, simpler rewards structure, the Wells Fargo Active Cash is a better choice for most, but a case can be made for pairing two cards like these in order to maximize rewards for those who want the best of both Best Buy rewards and flat-rate cash back.

The Amazon Prime Rewards Visa Signature Card* offers far more ease when it comes to earning rewards and much more clarity in its financing terms. Like the Best Buy Visa, Amazon Prime Rewards Visa offers a choice of rewards or financing and cardholders who choose rewards earn 5% cash back in rewards at and Whole Foods Market with an eligible Prime membership, 2% cash back at restaurants, gas stations and drugstores and 1% on all other purchases. Get 10% back or more in bonus rewards on rotating categories and products sold on

Although the Amazon Prime Visa Card is similar in rewards structure to the Best Buy Visa, the Amazon Prime Visa Card allows cardholders to redeem points for purchases or cash, making it a more flexible rewards card.

Chauncey grew up on a farm in rural northern California. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. He remains most at home on a tractor, but has learned that opportunity is where he finds it and discomfort is more interesting than complacency.

Despite the recent changes in the credit card processing industry, Square still includes one free Square Reader for Magstripe with each new account. Two options are currently available: a reader with a Lightning connector for use on iOS/iPadOS devices, and a reader with a traditional 3.5mm headphone jack (which presumably would work on older iPhones or Android devices).

Another consideration is that magstripe cards themselves are on the way out. Visa and Mastercard have announced plans to phase out magstripes on the back of newly-issued cards within the next few years. While it may be OK to keep a Square Reader for Magstripe in your hip pocket for emergencies, we recommend you only use it when necessary to avoid losing a sale. Instead, we recommend upgrading to the Square Contactless and Chip Reader as your primary means of accepting mobile payments.

Businesses that have higher-ticket sales should avoid using the Square free reader, except as a backup means of processing a transaction. We strongly suggest that businesses with higher risks of chargebacks and higher ticket prices go for an EMV-compliant reader, such as the Square Contactless + Chip Reader, so that you can get better protection from fraud and chargebacks. Although the Square Terminal is more expensive, it allows you to print paper receipts and integrates with other devices, such as a cash drawer or the Square Point of Sale system.

Low-volume, smaller-ticket businesses and those that only occasionally need to accept a credit/debit card payment are less likely to have any issues with the magstripe reader. However, we strongly suggest upgrading to the EMV chip reader to future-proof your payments setup and protect you from fraud. Overall, the free reader and the robust features that Square offers make them an excellent value for lower-volume small businesses.

After you set up a Square account and verify your identity, you will be prompted to select which Square hardware you need. You can also purchase readers through a variety of retailers and then complete the account signup process; Square offers a $10 reimbursement code with these devices.

ZDNET's editorial team writes on behalf of you, our reader. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. If we have made an error or published misleading information, we will correct or clarify the article. If you see inaccuracies in our content, please report the mistake via this form.

Small business owners, retailers, and crafters should take note -- a cash-only business may be limiting your potential for growth. More than half of consumers use cards such as credit or debit to purchase goods and services. They also tend to spend more when they can pay with their credit card. After all, there is only so much you can buy if you can only pay with a limited amount of cash available in your wallet.

Small businesses that don't accept card payments are potentially missing out on additional revenue. For many, the fears of card compliance, customer data protection, and expensive card processing fees are well-founded. Fortunately, there are a variety of best credit card readers for small business that are affordable, scalable, and simple to set up. They take care of most of the issues that may be holding you back from accepting credit and debit cards so you can focus on selling your product to the largest market possible. We've created a shortlist of four of the best card readers -- and the companies that offer them -- so you can start accepting card payments as soon as today.

The following picks are ZDNet's best credit card readers for small businesses based on features, pricing, and more. Whether you're just getting started or in search of a fuller-featured card acceptance solution, one or more of the following readers may be a good option to consider.

New businesses thinking of testing credit card transactions will like the simplicity of the Square card reader. There are no contracts, minimums, or monthly transaction fees to worry about. You'll only pay a processing fee when you process a card sale, and you can receive payment as fast as one business day. The pocket-sized reader plugs into your smart device's headset or lightning port and integrates with Square's free Point of Sale app to make credit card processing possible -- even when there is no internet connectivity.

Square has alternate solutions as your business grows. To accept chip cards and Apple Pay, upgrade to the Square Reader for $59.79 to wirelessly connect to multiple devices via Bluetooth. For the most versatile solution, the Square Terminal for $299 is an all-in-one credit card reader and receipt printer. 041b061a72

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