Point of Banking - Cashless ATM

Offer your customers the convenience of using their debit/ATM cards for purchases right at your counter. A Point of Banking terminal is similar to a traditional credit card machine, but only allows PIN-based transactions and is processed differently. It's an ideal solution for the nearly 80 million consumers who don't qualify for a credit card and for merchants who transact exclusively in cash but would like to offer customers another option.

Increase Sales

Consumers typically spend an average of 12 - 18% more on purchases when paying with credit or debit cards than cash.

Simplify

Eliminate credit and debit card processing fees and generate additional revenue with each transaction.

Reduce Cash

Give your customers the option to pay for purchases with their debit/ATM cards therefore reducing the cash you collect and process.

How It Works

It's simple. First, the merchant slides the customer’s ATM/Debit card through the Point of Banking terminal and chooses from which account to withdraw funds (checking or savings.) Then the customer enters the PIN on the pin pad. The merchant enters the amount of the transaction and asks the customer to agree to the convenience fee that is set by the merchant. Then the terminal connects to the card network and validates the transaction in a matter of seconds. The Point of Banking terminal prints out a customer’s receipt and a copy for the merchant.

Benefits

Eliminate credit card and debit fees.
No monthly statement fees.
PIN based. Any card with a PIN can use your machine.
Fast approvals.
No monthly minimums.
Prevent the liability of a cash ATM machine.
No start up fees except for the $225.00 equipment cost.
Reduces cash handling time and fees.

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