Using an EMV Card to Make a Purchase
How do I use an EMV card to make a purchase?
EMV cards are processed for payment in two steps: card reading and transaction verification. However, with EMV cards you no longer must master a quick, fluid card swipe in the right direction. Chip cards are read in a different way.
Instead of going to a register and swiping your card, you are going to do what is called ‘card dipping’ instead, which means inserting your card into a terminal slot and waiting for it to process.
When an EMV card is dipped, data flows between the card chip and the issuing financial institution to verify the card’s legitimacy and create the unique transaction data. This process isn’t as quick as a magnetic-stripe swipe.
Using EMV Cards
It will take a tiny bit longer for that transmission of data to happen. If a person just sticks the card in and pulls it out, the transaction will likely be denied. A little bit of patience will be involved.
While chip card transactions may take a bit longer than mag stripe transactions, total card processing time will vary between merchants and eventually speed up as the new payment environment is improved.
It will vary depending on the merchant, the equipment and the point-of-sale system, Pay2Amigos can help you speed up the process with there EMV Experts!
What’s the New Cards Called?
The new EMV cards in the U.S. might be called any of the following terms:
- Smart card
- Chip card
- Smart-chip card
- Chip-enabled smart card
- Chip-and-choice card (PIN or signature)
- EMV smart card
- EMV card