Magnetic stripe readers or magnetic card readers are devices used in interpreting data found on the magnet stripe of a debit, credit or any other payment card that you might be using. The reader works by using magnets to scan code from different cards. To use the card reader you have to slide it through the slot. You can also hold the card near the reader.
There are many benefits that come with having the readers in your business. One of the benefits is that they save you time and effort. In the absence of the devices, you would have to manually put data into your computer but with the readers, in place you have to only slide the card into the reader and you are good to go.