What is Point-of-Sales (POS) Terminal?
A point-of-sale (POS) terminal is an electronic device used to process cards payment at retail locations. A POS terminal generally does the following: Reads the information of a customer’s cards; Checks whether the funds in a customer’s bank account are sufficient; Transfers the funds from the customer’s account to the seller’s account (or at least, accounts for the transfer with the cards network); Records the transaction and prints receipt.
How Does it Work?
A point of sale (POS) system is used by businesses as a way to make transactions, record sales, and track inventory.
How to Apply?
Merchant needs to submit application online attached with the required documents. Once application is processed and approved, we shall furnish a letter of offer for you to sign. Upon receiving complete documentation, we will contact you to arrange for POS terminal setup.
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