WHAT EVER HAPPENED TO THE DAYS OF TELEPHONE CALLS AND HAND WRITTEN RECEIPTS?
As technology improved and the cost of handling phone calls increased, the birth of the electronic credit card terminal happened. The biggest advantages of an electronic terminal are simply time and money: time — a credit card approval and print out can happen in less than 10 seconds; money your funds are deposited within 2-3 business days by your processing company. Before the advent of electronic terminals, calling on the phone to get an approval could take up to 2 minutes and the transfer of your funds could take a week. Thats a lot of waiting by your customers and a lot of waiting for your money.
