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 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.
Terms and Conditions for Zero Processing Charge on POS Terminals
- Merchants must maintain a monthly turnover of ₦7.5M.
- Zero processing charge applies to all merchants except Cash and Money Transfer Agents.