Sentences with phrase «for magnetic stripe cards»

Customer acquisition costs include manufacturing and distribution costs associated with Square Readers for magnetic stripe cards, which are offered for free on our website and provided through various marketing events and distribution channels.

The cost to us of manufacturing and distributing Square Readers for magnetic stripe cards is partially offset by amounts received from retail distribution partners.

As our sellers transition to using Square Readers for EMV chip cards and NFC, we expect to distribute relatively fewer Square Readers for magnetic stripe cards, thus reducing that component of our sales and marketing costs.

New sellers who purchase a Square Reader for magnetic stripe cards from one of our retail distribution partners are offered a rebate equal to the price paid.

Our Square Readers for magnetic stripe cards are available for free directly via our website or mobile apps, and also at nearly 30,000 retail stores (including Apple, Best Buy, Staples, Target, Verizon, Walgreens, and Walmart).

Not exact matches

It's complicated, but under the new rules, if a customer walks into a store with a chip card and the store hasn't updated its point - of - sale equipment to accept chip cards, the merchant is liable for any fraud that occurs from using the card the old way, by swiping the magnetic stripe.

Torous opened her shop just three weeks ago, and had previously purchased a terminal that accepted only magnetic stripe cards for $ 150.

As chip cards are phased in, magnetic stripe cards, which are easier for thieves to copy, will be phased out.

Banks are pushing for the switch to EMV technology because cards with chips are more difficult to counterfeit than the traditional American credit card with a magnetic stripe.

The new reader is available for pre-sale, as the U.S. prepares to say goodbye to magnetic - stripe cards.

It features an integrated magnetic stripe reader, provides power to a connected iPad, and can connect to the Square Reader for EMV chip cards and NFC.

The card still has a magnetic stripe on the back, and you can swipe the card the old - fashioned way to pay for your purchase.

Whether you use the magnetic stripe or the chip to make your purchase, you can be confident in the protection and security we provide for all debit card accounts.

In certain countries, for example, it's not uncommon for travelers to encounter merchants that don't accept cards with magnetic stripes at all.

Because the cost of manufacturing these cards is higher than the old magnetic stripe cards, some card issuers are only giving them out if you ask for one.

Chase, for example, is already working on replacing magnetic stripe debit, credit, ATM, and prepaid cards with EMV cards for its customers.

Unlike the traditional magnetic - stripe cards, every time an EMV card is used for payment, the card's chip creates a unique transaction code that can not be used again.

As with magnetic - stripe cards, EMV cards are processed for payment in two steps: card reading and transaction verification.

The card still has a magnetic stripe on the back, and you can swipe the card the old - fashioned way to pay for your purchase.

Your new card will have a magnetic stripe for use in the U.S., until we complete the migration to chip technology in the next year or two, but if you find yourself heading to Europe or any country that has already migrated to EMV, you'll have a safe and travel - friendly chip card at hand.

-- With magnetic - stripe credit cards being phased out in Europe, how necessary is it for Americans to get the new chip - and - PIN variety while traveling?

(If your card is exclusively magnetic stripe, (the old, common system) that could be an issue for overseas travel — best to apply for a card that carries the chip technology, called EMV.)

«This is because fraudsters can buy a gift card with a counterfeit magnetic stripe [credit] card at a location that is not chip - enabled, and then use the gift card at the chip - enabled location or sell the gift card for cash.»

Ubiquitous throughout the US and EU, the EMV credit card, also known as a chip card, uses an integrated circuit to generate single - use codes for each purchase, making them more secure than traditional magnetic stripe cards.

For hotels that don't have the new card readers, customers still must swipe their credit card, and information from the magnetic stripe can easily be replicated by fraudsters.

Because of upcoming changes in the rules for who pays for losses connected to fraud, U.S. card issuers are replacing magnetic - stripe - only cards with chip - enabled cards.

Or for peace of mind, take along a Chip - and - PIN Cash Passport preloaded card from Travelex, which works where your regular magnetic stripe card won't.

If not, stores and banks could be on the financial hook for fraudulent losses due to use of magnetic stripe cards.