magstripe/chip compatability

Does the magstripe function work more slowly when the card is also 'chipped'? This has been suggested by others...

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Not at all

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conversely, does the chip card reader process sales more rapidly than the magstripe reader, on average?  otherwise, what would be the point of purchasing one?

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By using the chip card reader you are not liable for unauthorized purchases. Please read the attachment. 

 https://squareup.com/emv-liability-shift

 

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