The electronic payment terminal, more commonly known as the TPE, has long been part of everyone’s daily life, without many people knowing its name. Today, it is more widely adopted by merchants. The payment terminal is often likened to a credit card terminal or a credit card reader. Indeed, this electronic device plays an important role when it comes to financial transactions.

Find out everything you need to know about the payment terminal

payment terminal

payment terminal

The payment terminal

More explicitly, the payment terminal is an electronic device that has been specially designed to quickly and efficiently collect payments made by credit card. With the advent of the Internet and digital technology, which has made it possible to automate all the activities of human daily life, the VSE thus occupies a prominent place.
The payment terminal consists of a plastic case, a screen, a keyboard and a card reader. It is essentially this set of devices that allows it to read credit cards and make payments. In addition, the POS terminal can also be connected to a check reader to read a check.
More advancedly, the use of the Eftpos terminal consists in sending payment requests to the bank of the bank card. The latter will therefore be responsible for validating the payment request from the BC, and for the payment. As such, the POS terminal is an excellent solution for securing transactions.

The different suppliers of tpe

credit card reader

credit card reader

  • Sumup,
  • Smile And Pay,
  • Izettle,
  • Ingenico
  • etc.

How it works

Indeed, the payment terminal allows you to make payments by credit card in a completely digital and secure way. Its operation links 4 different parties in order to validate a payment, including the cardholder, the merchant, the merchant’s bank and the cardholder’s bank.

The steps of a transaction via a POS terminal

The various fundamental steps in the operation of a payment terminal are among others:

1- The merchant enters the amount of the transaction on the POS terminal

2- The customer inserts his bank card into the Eftpos terminal’s card reader

3- Some checks will be made on the credit card from the owner’s bank, then a password request appears on the screen

4- The customer enters his password, then validates

5- A request for authorization will then be sent to the merchant’s bank

6- In case of a reply from the bank, the transaction is then successfully completed

7- Two tickets will then be printed for the merchant and the customer as proof of transaction.


It is possible to identify any POS terminal from its ITP (Payment Terminal Identifier). This one is composed of 12 characters. Each information occupies 3 places among the 12 characters.

  • Manufacturer’s code
  • The MPE version number
  • The type of equipment
  • The software version


The different models of VSEs

With the innovation of payment terminal technology, the regulation of commercial transactions has become much easier and more secure. There are all kinds of POS terminals used for secure payment by credit card, including fixed and mobile POS terminals. Among the POS terminals are wireless POS terminals equipped with wifi, Bluetooth and POS terminals equipped with GPRS chips.
All Eftpos terminals models are designed for the sole purpose of making digital and secure CB payments.