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What is a Magstripe Reader?

April 26, 2017magstripe reader

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What is a Magstripe Reader?

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A device commonly used in POS environments that reads encoded information from a magnetic stripe when an ID card, Credit card, etc. is passed through the reader. Also known as a card swipe reader or credit card reader. As a POS credit card reader, the device is either integrated into a register, attached onto a register as a separate component, or is part of a stand-alone terminal dedicated for the sole function of processing credit card transactions.