1300 737 998
Need Help?

Our expert team has specialised
training & experience to help
find the right solution for your

Call 1300 737 998

Buyers Guide: Magnetic Stripe Readers

Free Expert Consultation

Magnetic Stripe ReadersMagnetic stripe readers like the Posiflex MR-2000 Series are POS (point of sale) devices that are used for interpreting data found on a magnetic stripe of credit, debit and other payment cards. It is with the help of the magnetic stripe reader that the vendor can securely and easily input data that is saved on a customers magnetic stripe card.

Magnetic stripe readers are incorporated into many industries and applications, everything from ATM/Eftpos machines to Access Control and Customer Loyalty programs.

Types of magnetic stripes

There are basically two types of magnetic stripes. One is the high-coercivity version that is harder to erase while the low-coercivity version that requires minimal magnetic energy to record. Magnetic stripe readers can however read both types of magnetic stripes.

Magnetic stripes also have 3 Tracks that data can be stored on. Most readers now will read all 3 Tracks, however some less expensive models are setup to only read 1 or 2 tracks.

Different types of magnetic stripe readers

Magnetic Stripe readers come in different shapes, sizes and features to suit your requirements. Some are designed as small desktop readers for in retail environments and offices, whereas same are designed for mounting into kiosks and booths.
There is also Single Side and Dual Side models, the dual side models will read the card when facing either way if swiped, whereas single side the Mag Stripe on the card has to be on the correct side.

Care of the magnetic stripe reader

Whichever type of magnetic stripe reader you buy, you can clean it using specially made cards that can remove the dirt, oil and residue of reading equipment. Though you may be able to rent magnetic stripe readers from some vendors, it is quite affordable for even small businesses to buy one.

The material on this web site is provided for general information only, and on the understanding that POSMarket is not providing professional advice on a particular matter.

The material may include the views or recommendations of third parties, and does not necessarily reflect the views of POSMarket, or indicate a commitment to a particular course of action.

This web site contains information that is intended to simplify your purchasing decisions however this is no substitute for specific advice suitable for your particular situation. In addition, errors or omissions can occur in the preparation of web pages. Therefore, before relying on the material, users should independently verify its accuracy, completeness, relevance for their purposes and that it is up-to-date.

Before any action or decision is taken on the basis of any material on this web site the user should obtain appropriate independent professional advice.

Links to other web sites are provided for the user's convenience and do not constitute endorsement of material at those sites, or any associated organisation, product or service.

Free Consultation

Please provide a contact name.

Pickup Locations

  • Huntingwood 2148
  • Rosehill 2142
  • Rydalmere 2116
  • Tingalpa 4173
  • Box Hill South 3128
  • Burswood 6100