Choosing the right type of electronic payment solution for your business can be crucial to its smooth operation and customer satisfaction. Stand-alone and centralized electronic payment systems are two common options, each with its own advantages and disadvantages. In this article, we'll explore these two solutions to help you make the best choice.
Autonomous Monetics
Autonomous electronic payment systems operate independently, without the need to connect to a central system for each transaction.
Transactions are stored locally on the terminal and remitted to the bank at the end of the day during the banking call, commonly known as remote collection.
The VSEs are connected to the network via an IP or 4G connection.
For which activities?
Autonomous electronic payment systems are particularly well suited to small businesses, itinerant traders, markets and professionals such as doctors, for a technology that is reliable, simple and economical.
Advantages :
- Simplicity: simple installation and operation, often plug-and-play. Plug-and-play means that terminals are ready for use immediately after being connected, without the need for complex configuration. This makes installation and operation much easier for non-technical users.
- Mobility: Ideal for itinerant traders and small businesses on the move.
Disadvantages :
- Maintenance: Each terminal must be individually updated and maintained.
- Data management : Transaction data is stored locally, which can complicate management for companies with several terminals. You have no back-office tool to check the breakdown of your transactions by establishment or company in real time.
- Ticket printing: For security reasons, merchant tickets and remote collection tickets must still be printed systematically.
Cost :
- Monthly rental: Costs vary according to supplier and terminal model.
- Maintenance: Potential costs associated with maintaining and updating each terminal.
- We estimate the cost of a subscription (rental of TPE Portable + Gateway + Maintenance) with an offer ranging from €15 to €50 (excl. VAT) per month, depending on models, connection modes and contractual commitment periods.
Centralized Electronic Banking
Centralized electronic payment is a technology that connects all your electronic payment terminals to a secure server, making it easier to view and reconcile your transactions.
For which activities?
Centralized Electronic Transactions are ideal for all retailers with several POS terminals at a single point of sale, or with a fleet of POS terminals spread over several outlets.
The benefits:
- Centralized management: All transactions are managed from a central point, facilitating tracking and management.
- Updates : Updates and maintenance can be carried out remotely for all terminals and software.
- Security: Transactions are no longer stored locally on the TPE, but are recorded and secured on an external server. Your transactions are not lost in the event of hardware failure.
- Downgraded mode: TPEs can continue to operate even in the event of a network failure.
- Economy / Ecology: It is no longer necessary to systematically print out merchant and remote collection tickets. These can be accessed from the back office tool.
- Evolution: Android terminals used in centralized electronic payment systems enable the use of proprietary applications that do not always exist in stand-alone electronic payment systems(pos software, Nx payment, etc.).
Disadvantages:
- Dependency: Requires constant connection to the central system. In the event of a breakdown, there is a "degraded mode", i.e. the TPE can operate with an offline server. An amount limit is defined with the merchant, however, as there is no verification and no authorization request during the transaction.
Cost :
- Installation and configuration: Often more expensive due to the infrastructure required.
- Monthly rental: Costs may be higher depending on system sophistication.
- We estimate the cost of a subscription (rental of TPE Portable + Gateway + Maintenance) with an offer of between €30 and €60 (excl. VAT) per month, depending on the contractual duration proposed by the electronic payment service provider.
If you have any questions, projects or suggestions for this article, don't hesitate to contact us right here.
Who we are
With more than 60,000 customers, Easytransac capitalizes on a decade of expertise in various payment solutions (distance selling, ecommerce, convenience selling, cashless, mobile payment...).
Recently integrated into the HOPPS group and in strategic alliance with InEvents, Easytransac is at the forefront of innovation in the ecosystem of electronic payments and hybrid and cashless solutions that meet the requirements of e-tailers, event professionals and SMEs.
Our platform simplifies transactions and enriches the user experience, thanks to an intuitive interface and real-time tracking, while ensuring security at every payment.
