The standalone, wireless device comes preloaded with Helcim’s POS app, enabling merchants to accept in-person credit and debit payments via tap, chip and PIN.
The new credit card machine, which runs on Android, eliminates the need for managing multiple devices. In just one powerful terminal, you can process payments, manage inventory, and print or email receipts.
The third-generation device replaces the previous Helcim Card Reader that was introduced in 2021.
Helcim raised a $16 million Series A funding in 2022 round led by Toronto’s Information Venture Partners and New York’s Aquiline Technology Growth.
The round also included Canadian tech leaders including Boris Wertz (Version One), Jason Smith (Klue), Hanif Joshaghani (Symend), and Kevin Sandhu (ControlHQ).
“We anticipate the Smart Terminal to be a game-changer for the small businesses we serve,” shared Nic Beique, Helcim Founder & CEO.
“Our new equipment offers the all-in-one wireless capabilities that merchants have come to expect from payments hardware, while benefiting from Helcim’s affordable interchange plus fee model which saves businesses 22% on average.”
Helcim serves thousands of businesses in Canada and the US across 800 different industries, processing billions in payments each year.
The Helcim Smart Terminal will be available at the end of June for $429 and is free of contracts or monthly fees. The device is easy to set-up right out of the box and comes with a built-in printer and complementary receipt rolls making it easy for businesses to start processing right away.
“Affordability is one of our core brand pillars and with every product we launch, we strive to ensure savings comes through for our merchants,” explains Head of Product Dagan Cardinal.
“In addition to a highly competitive upfront cost and interchange plus pricing, our Smart Terminal offers unlimited users, which means that businesses can give access to each of their staff without incurring additional fees.”
The Helcim Smart Terminal is available for pre-order through the Helcim equipment store.