POS devices allow payments to be made without using cash at points of sale. These are devices that connect via phone or internet between the merchant member and the bank, read credit card information, and enable payments. Payments can be made with credit cards or bank cards using POS devices.
POS devices are devices that allow payment for goods or services purchased through a bank card or credit card. The term POS comes from the English phrase “Point of Sale,” which means “punct de vânzare” (point of sale) in Romanian.
How is a POS device used?
At the payment point for goods and services, the credit or bank card is swiped through the device. After the card is accessed by the device, the card’s PIN code is requested. After entering the PIN, the payment is completed. POS devices connect to banks via phone or internet. After reading the cards, information is accessed from the banks, and the amount is deducted from the card. Thus, the payment is made quickly and securely.
In addition to being used for making payments, POS devices verify whether the card used is counterfeit. After shopping, the device provides receipts containing transaction information. These receipts are divided, one for the customer and one for the merchant. Transaction details can be seen on these receipts.
POS devices have start-of-day and end-of-day operations. Credit card transactions are tracked through these end-of-day operations.
Where can a POS device be purchased?
POS devices can be purchased both from banks and from companies that sell IT equipment and hardware. To use a POS device, it is necessary to enter into an agreement with the bank. There are different types of agreements. The most commonly used is the one with an annual fee + commission. Generally, banks do not charge the annual fee beyond a certain total limit.
How to buy a POS device?
To buy a POS device, certain documents are required:
– Business registration of the company
– Company’s tax registration certificate
– Registration with tax authorities
– A utility bill in your name (water, electricity, gas, etc.)
– Company’s operating license
– Signature specimen
– Original and copy of the identity card – if there are partners, a copy of the identity card for each partner
– Signature declaration
