In short, a Point of Sale (POS) (Bank Card Terminal) is an electronic debit and credit funds transfer system (machine) that usually sits on or near your countertop. It allows patrons access to their money from any qualifying bank in the world and it also allows your patrons to pay you with funds available directly and immediately from their bank or credit card accounts. It does this in a highly secure and automated setting. The POS can also be an information delivery system with prepaid products, coupons, video messaging and many other uses.
With Debit Cards, you set the terminal fees, cash back fees and tips. Upon your client requesting to purchase any of your products from you with a Udebit cardU, you choose the purchase amount, your client o.k.s the amount, o.ks the terminal fee, the cash back fee and any tips. Your client enters their PIN for security and selects their account they would like their money taken from. You are provided with an authorization number that the transaction was approved and the money is deposited to your bank account. With Credit Cards, you choose the purchase amount, your client o.k.s the amount by signing the acceptance receipt. You are provided with an authorization number that the transaction was approved and your money is deposited to your bank account.
If you have a retail based business…we think YOU DO. You may have noticed most corporate chains and many of your competitors use POS machines. On site services such as “taking plastic” are rapidly becoming a necessity in todays’ retail environment. With our low cost solutions you have opportunities to move ahead of the slower competition with this new profit center. The real question is NOT if you need a POS, but… what will you do without one?
Most financial institutions charge a rental fee for their POS terminals and will NOT allow you to provide additional money making services on their units. Purchasing allows you control over additional money making services while eliminating thousands of dollars in bank rental fees.