IP POS Terminals will be over taking the Dial-up POS Terminal in Canada

IP POS Terminals are becoming the new credit card terminal to use in Canada. The dial-up used to me the only POS terminal available and when IP (Internet Protocol) POS terminals hit initially hit the market place just like most new technologies it was expensive for most small business owners.

However, now most IP units are the same price as a Dial-up but have 2 major benefits over the older dial-up.

1. Speed
2. Security

The IP terminal can process transactions in 3-5 seconds and can run multiple units off one broadband connection.

The security is as good as internet merchant accounts with SSL (secure socket layered) prevents millions of dollars of fraud through online processing. When transactions pass through a SSL connection it is converted into a secret code that only the correct companies can understand. Yet Dial-up terminals, offer no transaction security for data in transit, based on the assumption that somebody would have to tap a phone line to intercept the data.

Soon Visa and MasterCard is also going to charge more to merchant's who still use old unsecured technology. So with IP POS Terminals being faster, safer and soon to be cheaper... what is keeping merchants from making the switch to IP credit card machines...?