Earn Money On Every Transaction
Point of Banking systems are designed to work with your customer’s debit, ATM, and credit cards, giving them access to their cash and allowing them to spend more inside your store. Point of Banking machines is similar to standard credit card processing machines. The difference is the terminal is loaded with a custom software program so it only runs PIN-based transactions with a convenience fee that the cardholder pays. This fee serves to pay for the processing costs incurred.
By converting card users over to the Cashless ATM, you’ll earn money on every transaction instead of paying money for each cardholders convenience of using their card.
How It Works
Customers initiate the transaction on their own. They insert their chip card and select the amount they want. A receipt prints out as a voucher they hand to you. They can simply request cash-only, or make a purchase while receiving the remaining cashback. You receive whatever cash you put out within three business days.
The amounts are preset by you the merchant by choosing them with your Merchant Consultant when establishing the account. You can set a limit on the transactions for as low as $40 or $60 if you do not want to hand out larger amounts. Customers can also request increments of $1.
The beautiful thing about it is you are making a profit on this transaction instead of paying the fees for a merchant account.
There are no contract terms and can cancel the program at any time.
Have you opened a new location, redesigned your shop, or added a new product or service? Don’t keep it to yourself, let folks know.