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A Point of Sale (PoS) terminal is a portable device that allows local debit cardholders make payment for goods and services in a retail environment.
GTBank 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. The types of PoS currently available are the Interswitch, MasterCard and Visa PoS terminals.
These terminals can be used to perform a variety of financial transactions such as: - Printing mini statements
- Cash advance
- Balance enquiry
- Loading funds from a current/savings account unto a cash card
- Vending airtime (recharge)
The benefits of the PoS terminal to Merchants include the following:
- Improved efficiency minimises 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 pilferage by Employees
- Eliminates the inconvenience of cheque confirmation and clearing period.
Click here to locate a POS terminal
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