Point of Banking

Point of Banking Systems are designed to work with your customer’s bank and ATM/PIN Debit cards, giving them access to their cash and allowing them to spend more inside your store. Point of Banking machines are 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 small convenience fee that the cardholder pays. This fee serves to pay for the processing costs incurred that way there are no processing fees to the merchant.

Not everyone qualifies for or carries credit cards with them. In fact, over 80 million consumers cannot qualify for a credit card, so they rely on their ATM cards. Adding a point-of-banking system to your store provides convenience for your customers because they don’t have to go to the bank to get cash, or use an ATM that charges them an outrageous fee and then their bank charges an additional fee on top of that, about $ 5.00 total. Please remember that banking regulations don’t allow a convenience fees to be charged to customers when using a traditional credit card machine.

Benefits:

• Safer PIN-Based Transactions That Eliminate Costly Charge-Backs
• Eliminate Processing Fees
• Funds Electronically Deposited into Your Bank Account via Direct Deposit
• Raise Your Average Sale at Register

Customer Convenience
It's simple to use; your customer slides their card through the terminal, decides what type of transaction they want to make, and then selects a dollar amount. Then they enter their PIN. When the transaction is approved, the machine prints a receipt that is taken to the cash register to be redeemed for goods or services. The cashier simply makes change to make up the total amount of the purchase. The funds are electronically deposited to your bank account in 3 to 4 business days, just as if you had a credit card machine.

A Point of Banking system is the ideal for all types of merchants that are trying to lower their costs of doing business and still offer convenience to their customers.

Contact Best Point of Banking Cashless ATM Machines
for more reasons why you should take advantage of our credit card merchant services.