What are merchant point-of-sale systems?

27 Sep 2022 By PAYCEC

Merchant point-of-sale systems, or POS, are complicated machines/devices installed at the checkout spot of a shop, business in order for the business to accept payment from customers by credit card, smart devices, or any type of cashless payment.

The merchant point-of-sale systems are the most popular payment systems that are trusted by businesses all over the world because it enables them to accept any type of payment besides the cash at their checkout point, as well as help the customers to pay for their purchase without bringing along any cash.

In addition to POS, there’s a new system that is especially designed for small and medium businesses, that is mPOS (mobile Point Of Sale) system. The two biggest benefits of the mPOS system compared to the traditional POS are the portability and the cost-effectiveness.

In order to find out more about these two highlighted benefits of mPOS, let’s scroll up and read our article about this innovative mPOS system that we have made for you.

What is the point of sale credit card processing?

The point of sale credit card processing is the POS system that accepts any type of credit card payment.

On the other hand, this point of sale credit card processing phrase also refers to the processing in which the purchase is made and the credit card payment from the buyer is accepted at a point of sale system at the merchant. This whole process is technically very complicated and in order to make it easier for you to understand, we have already made an article that includes almost everything all about the mPOS for you above. Let’s scroll up to the head of this page to find out more about it..

What is a POS machine without charges?

There’s a POS machine without charges, and that is the Bharat Swipe, the system comes from BharatPe, a merchant focused QR code-based payments firm from India.

The representative of the company stated that besides 0% merchant discount rate or MDR, the machine won’t charge any sort of fee including rentals from merchants. And because of this new benefit, this free-charged POS system is currently trusted by about 1,000 merchants.

By launching this type of POS machine without charges, BharatPE was said to mirroring the same strategy to not to charge anything from their merchants in the POS business as it does with the QR code-based payment system. And by getting rid of all kinds of fees, it will bring a tough fight to the existing players in the market.