POS

What is a POS terminal and what is it used for?

The POS terminal (Point Of Sale / Service) is a device that allows merchants to accept payments by debit and / or credit cards. The POS terminal performs electronic transfer of funds from the client cards to the merchant's account. It is installed on the territory of the commercial site in the customer service area. It is necessary to have a telephone line (which is occupied only during the transaction) and electricity. As an alternative, our bank offers you mobile POS terminals that use GSM / GPRS communication.

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Advantages:

Retailers offer another customer service that helps boost sales.
Statistics show that when paying for purchases using cards, the customer is willing to spend more money.
The most common local and international card brands are accepted: BORICA, VISA, VISA Electron, V PAY, MasterCard and Maestro.
It saves cash counting by eliminating the physical cash counting and paperwork when collecting or depositing cash in the bank.
Guaranteed payment due to the inclusion of the Bank as a party in the payment process.
Sales reporting is guaranteed by receiving reports from the bank (or through internet banking).