Businesses & retailers

• About Visa
• Businesses
• Retailers and merchants
  • Accepting Visa
  • Security
  • Innovation
    • Chip
      • Benefits of chip
      • Making chip part of your business
      • Card handling procedures
      • Troubleshooting
    • Contactless payments
    • V PAY
    • e-commerce
    • m-commerce
    • Regular payments
  • How it works
  • Training your staff
• Merchant Agents
• Payment security

Benefits of chip

Chip technology brings quicker, more convenient and secure payment to you and your customers.

Here are just some of the benefits of chip.

• Faster payment: Chip technology, especially when combined with PIN, helps to speed up service, cut queues and reduce lost sales. And with contactless technology, payment is even faster still.
• More ways to accept payment: Accepting chip payments means more ways to accept payment – via contactless cards, V PAY and combined debit and credit cards on a single card, mobile phones and at self-service terminals.
• Increases customer confidence: Chip cards are harder to counterfeit and PINs help prevent fraud involving lost and stolen cards, which makes for more secure payment. This helps to safeguard customer confidence in cards and maintain sales for you.
• Fewer disputes: Chip, especially when used with PIN, helps reduce fraudulent and disputed payments, saving you time and money on the administration around such payments.

More information

If you are not already accepting chip cards, contact your acquiring bank to find out more about how you can.