Anyone Not Accepting EMV cards yet?

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rockyrock
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Anyone Not Accepting EMV cards yet?

Postby rockyrock » Mon Aug 03, 2015 7:54 am

We own our terminal so I was planning on holding out until the last minute to buy a new one that accepts EMV cards. My old one crapped out not too long ago so we ended up getting one anyway. I will wait until the last minute to set it up to force Chip & Sig processing. We have a few customers that will swipe on their own but most are older and accustomed to handing us their card for processing. I don't anticipate any issues when the day comes as most all cards I see are EMV.

I'd like to hear from other small business operators how the switch is working for you.
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whit
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Re: Anyone Not Accepting EMV cards yet?

Postby whit » Wed Aug 05, 2015 10:25 am

I'm more interested to see how far squares gotten to getting themselves in this mix along with every other card reader maker out there that has it portable.

I know chase paymentech already has the hardware to read it..not for their square version of a card reader but the mini terminals..cos I was in Starbucks up over in Canada on the BC side and every one of them was outfitted with a chase paymentech terminal that accepts the emv card reader.

Have you asked your current merchant processor if they would switch out yours for free or at the very least do a buyback? I can imagine those folks making a killing if not

tvirk888
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Re: Anyone Not Accepting EMV cards yet?

Postby tvirk888 » Tue Aug 18, 2015 12:24 am

rockyrock wrote:We own our terminal so I was planning on holding out until the last minute to buy a new one that accepts EMV cards. My old one crapped out not too long ago so we ended up getting one anyway. I will wait until the last minute to set it up to force Chip & Sig processing. We have a few customers that will swipe on their own but most are older and accustomed to handing us their card for processing. I don't anticipate any issues when the day comes as most all cards I see are EMV.

I'd like to hear from other small business operators how the switch is working for you.

Why wait when you can get one for free! Check PM :)
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tvirk888
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Re: Anyone Not Accepting EMV cards yet?

Postby tvirk888 » Tue Aug 18, 2015 12:33 am

I've switched many people to the new EMV compliant terminals. Some companies are just starting to activate the slot recently. I urge many people who I visit to switch before the October deadline because the merchant will be liable for all fraudulent transactions. Even if you don't have the EMV slot activated, and have an EMV compliant terminal, you'll be fine.
Amex BCE - $20K (11/2014)
Amex Everyday - $20K (04/2015)
Amex Business Gold - NPSL (09/2013)
Bank Of America Cash Rewards - $5K (11/2014)
Chase Freedom - $11,700 (10/2013)
Chase Sapphire Preferred - $18K (11/2014)
Citi Thank You Preferred - $10K (11/2014)
U.S. Bank Cash+ - $5K (03/2015)
Wells Fargo Platinum Rewards - $4700 (05/2009)

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kcm7
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Re: Anyone Not Accepting EMV cards yet?

Postby kcm7 » Tue Aug 18, 2015 9:13 pm

Lately I've been asking random small business owners I meet what they're doing about the EMV shift because I am THAT COOL. I'm 2 and 5 for small biz owners who even know what I'm talking about. The other three were like, "Chip what?"
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-Capital One Quicksilver
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- US Bank (no rewards)
-IHG

rockyrock
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Re: Anyone Not Accepting EMV cards yet?

Postby rockyrock » Wed Aug 19, 2015 9:05 am

tvirk888 wrote:I've switched many people to the new EMV compliant terminals. Some companies are just starting to activate the slot recently. I urge many people who I visit to switch before the October deadline because the merchant will be liable for all fraudulent transactions. Even if you don't have the EMV slot activated, and have an EMV compliant terminal, you'll be fine.



I wasn't aware of this. We have it activated but hardly anyone uses it. Most still give me the card to swipe even though they can swipe or insert on the keypad.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

tvirk888
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Re: Anyone Not Accepting EMV cards yet?

Postby tvirk888 » Thu Aug 20, 2015 9:35 am

rockyrock wrote:
tvirk888 wrote:I've switched many people to the new EMV compliant terminals. Some companies are just starting to activate the slot recently. I urge many people who I visit to switch before the October deadline because the merchant will be liable for all fraudulent transactions. Even if you don't have the EMV slot activated, and have an EMV compliant terminal, you'll be fine.



I wasn't aware of this. We have it activated but hardly anyone uses it. Most still give me the card to swipe even though they can swipe or insert on the keypad.


If that is the case, your slot isn't activated. If you try to swipe an EMV card, you should get an error message.
Amex BCE - $20K (11/2014)
Amex Everyday - $20K (04/2015)
Amex Business Gold - NPSL (09/2013)
Bank Of America Cash Rewards - $5K (11/2014)
Chase Freedom - $11,700 (10/2013)
Chase Sapphire Preferred - $18K (11/2014)
Citi Thank You Preferred - $10K (11/2014)
U.S. Bank Cash+ - $5K (03/2015)
Wells Fargo Platinum Rewards - $4700 (05/2009)



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