10 Payment Terminal Manufacturers in 2024
This section provides an overview for payment terminals as well as their applications and principles. Also, please take a look at the list of 10 payment terminal manufacturers and their company rankings. Here are the top-ranked payment terminal companies as of November, 2024: 1.Equinox Payments, 2.Helcim Inc., 3.iPOS Systems.
Table of Contents
What Is a Payment Terminal?
Payment terminals are devices used by goods or service providers to facilitate non-cash payments during transactions. These include credit card payments, electronic money transactions, barcode payments, and QR code payments. Barcode payments typically involve customers displaying a barcode on their smartphones for scanning by the terminal, while QR code payments use a two-dimensional barcode for transactional information, scanned via customer smartphones. For simplicity, we refer to both these methods as barcode payments in this context.
Applications of Payment Terminals
Payment terminals are widely used for transactions without cash. They enable credit card payments for high-value purchases, eliminating the need to carry large sums of cash. Electronic money transactions, popular at station kiosks and vending machines, offer convenient, coin-free shopping experiences. Barcode payments, conducted through smartphones, facilitate cashless daily transactions by allowing funds transfer via internet banking.
Working Principles of Payment Terminals
Credit card terminals read customer information embedded in the magnetic stripe of cards. Electronic money transactions use cards or smartphones with IC chips, deducting the transaction amount from the preloaded funds when brought near an electronic money reader. Barcode payments involve scanning a customer's smartphone-displayed barcode or QR code, with the customer inputting and transferring the purchase amount to the payment processor.
Varieties of Payment Terminals
There are various types of payment terminals: credit card readers, electronic money transaction devices, and barcode scanners. Modern terminals often combine two or more of these functions. However, their integration into cash registers and point of sale (POS) systems, which manage overall sales, is crucial for a comprehensive understanding of their role.
Choosing a Payment Terminal
Choosing a payment terminal depends on the desired payment methods. While non-cash payments offer customer convenience and security, establishments must consider the costs, such as service and rental fees, against the benefits of increased sales and customer satisfaction. Supermarkets might offer multiple payment methods, whereas some may opt for cash-only transactions to lower costs. High-value locations like airports or department stores may prefer credit card services, while areas with prevalent electronic money usage could benefit from compatible terminals. The COVID-19 pandemic's impact on cashless payment preferences has also increased the demand for barcode scanner-type payment terminals.
List of 10 Payment Terminal Manufacturers
*Including some distributors, etc.
Sort by Features
- Default
- Company Size: largest first
- Year Founded: oldest first
- Year Founded: earliest first
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- France
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Ingenico
Payment Terminals
Manufacturer Overview
Ingenico is a developer and manufacturer of payment terminals and related software founded in 1980 and headquartered in Suresnes, France. The company produces various payment terminals including portable devices, fixed countertop models with PIN pads, smart device-compatible card readers, self-service stations for unattended payment processing, and its SoftPOS system. The company’s products are mainly used by retail vendors, delivery services, vending companies, as well as by clients in the hospitality and transportation industries.
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ID TECH
Payment Terminals
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VeriFone, Inc.
Payment Terminals
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GoDaddy Operating Company, LLC
Godaddy Poynt Smart Terminals
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PAX Technology
PAX terminals
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iPOS Systems
Payment terminals
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Helcim Inc.
Smart Terminal
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myPOS World Ltd.
myPOS Pro
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CCV Group B.V.
Payment terminals
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Equinox Payments
Equinox Payment Solutions
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Payment Terminal Manufacturer Ranking
*Including some distributors, etc.Ranking as of November 2024
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | Equinox Payments |
18.7%
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| 2 | Helcim Inc. |
14.6%
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| 3 | iPOS Systems |
10.6%
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| 4 | CCV Group B.V. |
9.8%
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| 5 | Ingenico |
9.8%
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| 6 | ID TECH |
8.9%
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| 7 | PAX Technology |
8.1%
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| 8 | VeriFone, Inc. |
7.3%
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| 9 | myPOS World Ltd. |
6.5%
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| 10 | GoDaddy Operating Company, LLC |
5.7%
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Derivation Method
The ranking is calculated based on the click share within the payment terminal page as of November 2024. Click share is defined as the total number of clicks for all companies during the period divided by the number of clicks for each company.Number of Employees
- Ingenico: 4,000
Newly Established Company
- Ingenico: 1980 (44 years ago)
Company with a History
- Ingenico: 1980 (44 years ago)
Global Distribution of Payment Terminal Manufacturers by Country
*Including some distributors, etc.
| Country | Number of Companies | Share (%) |
|---|---|---|
France
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1 | 100.0% |
List of Payment Terminal Products
1 product is listed.
Limno Co., Ltd.
Support for the realization of IoT society wirelessly settlement terminal for vending machines
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