Accepting chip cards through a chip-enabled terminal allows you to protect your business from card present fraud liability. Businesses that process counterfeit cards on magnetic stripe-only (non-chip enabled) terminals can be held responsible for costs associated with fraud.
But don’t worry! If you received a new point of sale terminal from us after the start of 2015, you are likely covered. Learn more about the liability shift here.
Did You Know?
A counterfeit card transaction could cost your business an average of $114.*