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| Credit Card (Photo credit: 401(K) 2013) |
Saving money to make money – it is possible with Point Of Banking terminals!
Point Of Banking terminals look like credit card processing terminals, but work similar to ATM machines – except they hold no cash. Point Of Banking terminals print out a receipt for a certain dollar amount (you control the exact amount) which the cashier then redeems for products or cash back to the customer. There is no expense, security risks and the need to refill the cash like in a standard ATM.
Point Of Banking terminals look like credit card processing terminals, but work similar to ATM machines – except they hold no cash. Point Of Banking terminals print out a receipt for a certain dollar amount (you control the exact amount) which the cashier then redeems for products or cash back to the customer. There is no expense, security risks and the need to refill the cash like in a standard ATM.
Did
you know that nowadays more people carry a debit card or a bank card
than a credit card? By offering a Point Of Banking service, it
follows that you as a merchant can increase your sales while at the
same time getting paid each time the Point Of Banking terminal is
used at your retail location!
The
Point Of Banking terminals are easy to use. They come pre-programmed
and ready to use. You don't even need to have a dedicated analog
phone line to make the Point Of Banking terminal work! The monthly
account maintenance fee is only $5
Point
of banking terminals or cashless ATMs can be the most profitable way to
accept bank cards. They can help cut the costs of providing bank card
acceptance in a retail location while providing the customers with
the convenience of getting cash back with their purchases.
Are
you a merchant? Then you most likely have a merchant account of some
sort. If you have a merchant account, you can run credit card
transactions on your credit card machine – which is great –
however, this comes with a significant cost to you as a merchant: it
costs you at least a 2% processing fee on each and every transaction
made with a bankcard. It's a significant expense that is likely to
only increase in the future!
In
today's slow economy, you are probably looking for every possible
way to save on your business expenses. Then you will love to hear
about cashless ATMs giving you a way to accept bank cards, but
without the too expensive processing fees! It involves point of
banking (POB) bankcard terminals so you can offer your customers the
convenience of getting cash back.
How
is the amount of cash back controlled, you may ask? You – the
merchant – control the amount of cash back, as purchase
transactions can be made in increments of $5. You are charging a
small 99 cents convenience fee. This way, you are able to shift the
cost of card processing away from your business and toward to the
customers.
Your
customers will enjoy getting small accounts of cash back for pocket
spending money, and you will have the opportunity to save a lot of
money in the long run. Point of banking can therefore make you
business money – by saving money! With Point Of Banking terminals,
convenience fee paid by the cardholder also pays for the cost of
processing the transaction. And, after all, saving money is making
money, isn't it! Point of banking terminals will make this happen: it
is a win-win situation for both you, the retailer – and for your
customers!
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