POINT OF SALE (POS) TERMINAL

Point of Sale (PoS) terminal is like a digital cash register that enables a merchant to accept payment from his/her customer through debit/credit/prepaid card or QR scanning. It includes a screen, scanner and printer making transactions smoother and faster for business.

Point of Sale (PoS) terminal

  • Quick Deployment of POS Machine at Merchant Location
  • Safe and Secure Payment
  • Zero Installation charges
  • Zero rental facility for high-value customers
  • Deviation in MDR for deserving customers
  • Merchant transaction credit on T+1 basis including holidays
  • Daily POS transaction statement is directly sent to registered E-mail ID
  • Providing services to Pan India
  • No hidden costs
How to Avail Bank of India Merchant Solutions
To avail the Bank of India Merchant Acquiring Services, Merchant may visit nearest BOI Branch.

Point of Sale (PoS) terminal

  • Acceptance of Visa, MasterCard, Rupay Card
  • NFC-enabled terminals facilitating fast payment
  • Providing Mobile Application for Real-time transaction monitoring
  • Acceptance of International Card
  • EMI Facility available for transaction done through BOI Credit Card
  • Customized POS Solution
  • Dynamic QR Code facility available
  • Cash @ POS facility available

Point of Sale (PoS) terminal

All business entities typically engage in retail sales, hospitality services or other customer-facing transaction having valid proof of business (Business establishment Registration), address proof, photo identity proof of the proprietor/partner/key promoters etc.

Point of Sale (PoS) terminal

  • Merchant's KYC document
  • Merchant's PAN card
  • Business Registration/EstabIishment Certificate
  • Business Address Proof
  • Any other documents as per Bank's requirement

Point of Sale (PoS) terminal

Merchant Discount Rate (MDR) or Merchant Discount Rate, is a fee paid by the merchant to its bank for accepting payments via debit card, credit card, Pre-Paid cards and QR code. This is typically calculated as a percentage of the transaction value undertaken through the cards or QR code. Bank decides MDR charges based on category of merchant as per government and RBI guidelines

Point of Sale (PoS) terminal

  • Android POS (Version 5): Wireless Android Terminals supporting 4G/3G/2G, Bluetooth, 5-inch full touch HD Screen, accepts virtual cards, Bharat QR, UPI, Aadhar Pay etc.
  • GPRS(Desktop): SIM Based GPRS terminals with charge slip (Printing of Charge Slip)
  • GPRS(HandheId): SIM Based GPRS terminals with charge slip (Printing of Charge Slip)
  • GPRS (with e-Charge Slip): SIM Based GPRS terminals with e-charge slip (Non - Printing of Charge Slip) (e-charge slip is sent on customer's mobile through SMS)

For More Details, Please Contact Your nearest BOI Branch with the following Documents: Identity proof, Address proof, Business Establishment proof