What Are EDC Machines and How Can They Help Grow Your Business?
Transactions via Internet Banking, Mobile Banking, or credit cards have significantly impacted and transformed our daily lives, where we are possibly moving towards cashless society.
One technology that has been developed to facilitate this, is the EDC (Electronic Data Capture) machine we commonly come across in shops, restaurants, and various establishments such as government offices as they become more prevalent.
In this article, we will explore what EDC machines are and how they meet all the needs in a cashless society.
What is an EDC Machine?
An EDC (Electronic Data Capture) machine is a payment terminal initially designed to accept debit and credit card payments. It has since evolved to also accept QR code payments. The EDC machine facilitates various types of transactions, then records these payments, and transmits them to the system. The EDC service provider then consolidates this transactional data and transfers the funds to the merchant's registered bank account. This process enhances convenience and provides security for both the payer and the recipient, making it easy to verify transactions while reducing errors in payment processing.
What Can GHL's EDC Machines Do?
GHL’s EDC machines support various payment methods, making it easier for businesses to accept payments and increase their sales opportunities. The various functionalities include:
o Accepting credit and debit cards such as Visa, MasterCard, JCB, Amex, and UnionPay.
o Supporting payments from international customers and tourists from countries like China, Hong Kong, Malaysia, South Korea, Japan, and Singapore through Alipay and Alipay Plus.
o Allowing payments via Thai QR (PromptPay) and QR codes from any bank.
o Accepting various e-wallet payments, including TrueMoney Wallet, ShopeePay, LazadaPay, and Line Pay.
o Offering contactless payments to reduce physical contact.
o Offering instalment payments with credit cards for up to 6 banks in a single machine, saving space, and time used for applying for EDC machines.
o Provision of daily transaction summaries categorised by payment type for ease of reviewing.
For business owners or entrepreneurs looking to boost sales with GHL’s EDC machine, please follow these steps:
1. Contact GHL’s merchant service department at 0-2440-0111, email th_callcenter@ghl.com, or fill in your details at GHL Contact to request an application form.
2. Prepare necessary documents, such as a business registration certificate, a copy of the business owner's ID card, company logo image, and the first page of the company’s bank book, to submit along with the application.
3. GHL will review and verify the business information, and approve the service within 7-10 business days.
4. GHL will install the EDC machine and provide usage instructions within 5 business days (for Bangkok and surrounding areas, and within 10 business days for other provinces).
With just a few steps, you can own the EDC card reader to enhance the convenience of your business.
Limitations of EDC Machines To Be Aware Of
A common limitation of standard EDC machines is that they typically support payments from only one credit card per bank and may not accept all types of QR code or e-wallet payments.
GHL's EDC machines address these limitations by supporting multiple payment methods in a single device.
EDC machines are essential tools that can help businesses grow, overcoming limitations in making transactions while providing greater security than cash. More importantly, it helps to summarise daily account balance, allowing entrepreneurs to check and plan future sales more accurately.
For those seeking an EDC machine to meet the needs of modern businesses, GHL’s EDC machines are comprehensive in supporting all major credit and debit card transactions, e-wallet payments, and providing easy-to-review transaction summaries in Excel format. Visit GHL’s website for more information on EDC machines at www.ghl.com.