Verifone is one of the world’s leading manufacturers of credit card terminals and point-of-sale (POS) systems. Founded in 1981, Verifone has approximately 6,000 employees worldwide and their products process more than $7.5 billion worth of transactions every year. It is estimated that Verifone has 30 million devices deployed at merchant locations spanning over 150 countries.
With approximate sales of $2 billion per year, Verifone controls about 50% percent of the market for credit card machines worldwide and is either the number 1 or number 2 manufacturer of such devices in most leading countries.
In April 2018, the company was sold to Francisco Partners, a leading global private equity firm, for $3.4 billion.
Verifone VX520 Terminal Overview
The Verifone VX520 is a countertop credit card machine that provides everything a merchant needs to run a successful retail business. It combines performance, speed and security in a small device that includes a thermal printer.
Users can connect the VX520 to payment processors either over ethernet or a dial-up connection, and it has optional support for 2G and 3G networks. Users can further power the device with an optional battery, and its communication port is underneath the device, to keep countertops clear of cabling.
Due to its powerful computer processor, the VX520 can process transactions quickly. The device also comes with plenty of memory for running apps, and it can be expanded if needed. The VX520 supports not only standard payments, but also various alternative payments through its Near Field Communication (NFC)/ Contactless (CTLS) capabilities, and it can further be adapted to support gift cards and loyalty programs.
Technical Features & Benefits
The credit card terminal includes a 400 MHz, ARM11 32-bit RISC processor for fast transaction processing, and 160 MB of RAM, which includes 128 MB of flash memory and 32 MB of SDRAM. It also has a large 2.6″ (128 × 64) monochrome LCD display.
The VX520 accepts the following payment types:
- Europay, Mastercard, Visa Chip Cards (EMV)
- Near Field Communication (NFC)/ Contactless (CTLS)
- Magnetic Stripe Readers (MSR)
The thermal printer that is included with the VX520 prints a fast 24 lines per second, and it supports either a standard 49 mm paper roll or a contactless 40 mm paper roll.
The VX520 fully conforms to the Point of Sale Pin Transaction Security Standard (PCI PTS) 3.x., which protects cardholder data.
The terminal comes standard with an 8V DC, 2.25A adapter and an optional 9V DC, 4A adapter is also available. Another optional accessory is a bio lid.
The dimensions of the credit card machine are 203 mm (length) × 78 mm (width) × 87 mm (height), and it is lightweight, weighing only 500 grams (17.64 ounces).
Get Your VX520 Today
For merchants looking for a small and powerful countertop credit card terminal, the VX520 provides a wealth of features without compromising on quality, performance, processing speed or security. It also comes from a global manufacturer merchants can count on.
Contact us today to get started with your FREE Verifone VX520, along with our highly transparent interchange plus pricing plans.