Features of the Point of Sale (POS):
• POS solution will help you to accept payment through any Debit and Credit Card with the support of our safe and secured technology.
• Acceptance of Visa, Master, RuPay Debit & Credit Cards and prepaid Cards.
• Small and handy POS terminals.
• NFC-enabled terminals facilitating quick payments.
• Contactless & NCMC enabled
• Cashless payments make transactions and money management hassle-free.
• Seamless Deployment of POS Machine at Merchant Location.
• All our terminals are EMV compliant & can accept chip based signature & PIN based cards.
• Value added services available
Bharat QR , PC POS, Cash@POS, UPI on POS,
EMI, Dynamic Currency Convertor & multicurrency facility
Types of POS Terminals:
We install Electronic Data Capture (EDC) Machines or Point of Sale (POS) terminals at merchant outlet(s) which facilitate acceptance of payment from your customers by swiping/and or Contactless manner of their Debit/Credit/Prepaid cards on the POS terminals.
• GPRS (General Packet Radio Service) base wireless POS terminals: OPEX / CAPAEX
• PSTN (Public Switch Telephone Network): POS terminal connected to land line Telephone Network.
• WIFI / Android Base terminals: POS terminal connecting to WIFI network for smooth, speedy & fast transactions.
Benefits to Merchants:
• Better Cash Management and Real time payment: By accepting payment digitally / through cards, sale proceeds are credited electronically in your linked account as per agreed transaction cycle.
• Saving of Resources and more quality time: By use of this facility, the merchant shall gain in fewer cash transactions and save effort/resources in counting, sorting, storage of cash securely till deposited in bank, avoid of accepting counterfeit / forged notes. Merchant gets more time in attending customers and using the time saved in business growth.
• Customer delight: Getting the facility of making cashless payment may lead to customer delight, spend more than the budgeted purchase in cash mode.
• Customer stickiness and increased sales volume: The facility of making payment through Credit Card and Debit Cards with EMI/deferred payment options and free credit period by Card Issuing Bank / Agency, encourages your customer to spend more as they are not constrained by cash on hand. This not only results in customer stickiness but also in increased purchases of higher- margin products as well as higher quantity.
• Customer Care: Robust, round the clock authorization as per merchant’s business hours and reliable support for network outages and Terminal malfunctioning.
• Protection against theft and frauds: Lower volume of cash reduces vulnerability to theft. All our terminals are EMV complaint and can accept chip based signature and PIN based cards
Charges / Fees / T&C apply:
CBI offer merchant acquiring devices at attractive rates to its existing as well as new customers.
• Cost of terminal is borne by the bank.
• There are no installation charges for installation of POS terminal.
• Nominal monthly rental charges for installation of POS terminal.
• Concession / waiver in monthly rental on POS terminal is depend upon the minimum monthly average balance maintained in Current Account of the merchant.
• Concession in rental of PSTN terminal is depend upon the average business turnover per month.
• MDR is applicable per transaction as per Merchant Category Code of Business activity of the merchant.
• Concession / waiver of MDR is available depend upon Cost Benefit Analysis of Merchant.
• All charges as per Merchant Establishment Agreement signed by merchant with Bank.
• All charges are excluding GST, shall be levied as per geography or State wise.
How to avail CBI POS Terminals:
To avail the benefits of CBI Merchant Acquiring Services, you need to have a:
• Valid business establishment / services with up and running activity.
• Business that has been in existence with valid registered GST Number, if it is mandatory as per Law.
You may contact at any branch of our 4500 strong branch network or your Home Branch for detail information & registration as Merchant Establishment (ME) with following simple documents:
• Application form for onboarding of merchant (It can be availed from the branch or click here to download)
• Identity proof
• Address proof
• Business Establishment proof