A Point of Sale (POS) terminal is a portable device that allows cardholders make payment for goods and services. Jaiz Bank POS terminal provides a convenient, modern & efficient means of processing payment online real-time as value is credited to the Merchants account within 24 hours.
These terminals can be used to perform a variety of financial transactions such as:
- Vending airtime (recharge)
The benefits of the POS terminal to Merchants include the following:
- Improved efficiency
- Minimizes cash handling and aids reconciliation
- Increase in sales as merchant have access to both cash and card-carrying customers
- Instant confirmation of payment for goods
- Reduces cost of personnel and equipment for handling cash receipts
- Reduces exposure to loss due to armed robbery or cash pilferage by employees
- Eliminates inconveniences of cheque confirmation and clearing.