“A point of sale system is a combination of software and hardware that allows merchants to take transactions and simplify key day-to-day business operations.”
A point of sale terminal (POS terminal) is an electronic device used to process card payments at retail locations. A POS terminal generally does the following:
1. Reads the information off a customer's credit or debit card.
2. Checks whether the funds in a customer's bank account are sufficient.
3. Transfers the funds from the customer’s account to the seller’s account (or at least, accounts for the transfer with the credit card network).
4. Records the transaction and prints a receipt.
Simply, a device to swipe the ATM card and process for financial transaction. A point of sale (POS), is the place where a customer executes the payment for goods or services.
Benefits for Card Holder:
- Cash less transaction/convenient mode of payment
- Higher purchasing power
- Global visa card accepted.
Benefits for Merchant:
- Easy cash management
- Bigger transactions easily accepted
- Additional service to the customer
Who can use POS service?
Any card holder of any bank can use POS service in any outlet having POS device within Nepal or abroad. POS device can be either of any bank or any other financial institution providing POS service.
Some Glimpse of our staff (Outsourcing) working for POS Machine Marketing service:
0 Comments