POS

The Point of Sale terminal is a portable device that facilitates payments for goods and services at merchant locations using payment cards issued by all banks on the network.

Point of Sale Terminal

UBA provides VISA Acquiring POS Terminals with the capability to accept other Banks’ Visa Cards.

Features

  • All visa card holders will be able to swipe and get a receipt for every transaction
  • The merchants account held at UBA will be credited

Benefits

  • There will be no cash handling costs as payments are made electronically
  • Merchants will not hold cash consequently; they will be less chances of theft
  • Easier reconciliation for merchants as UBA can provide frequent consolidated reports
  • Audit trail

Requirements

  • Merchant has to open an account with the bank and sign a mandate for UBA to deploy POS

Cost

  • Deployment of POS: FREE
  • Commission: Negotiable

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