Cashless ATM processors allow business owners to run PIN-based transactions with credit and debit cards. Otherwise known as point of banking systems, these machines act as ATM machines that do no dispense cash. Instead the funds are electronically transferred from the cardholders account, directly to the merchants bank account. Below are the top three basic benefits of a cashless ATM explained:
If you have any questions about the how a cashless ATM can work for your business contact us today at 1-800-734-3424. Our team of cashless ATM specialists are ready to help you.
If you don’t want to set up a merchant account for your business or your processing account has been rejected due to poor credit or you are considered a high risk merchant, there is no need to worry!
You can still accept credit and debit card payments with a point of bank (POB) machine. In essence, POB machines are similar to standard credit card processing machines only that they do not dispense cash. Instead, the machine will print a receipt that is given to the merchant to make the payment for goods or services.
My Payments Solutions USA offers POB machines for businesses that need to accept credit card payments. We will get you the right cashless ATM machine, assist with installations and provide the necessary support to ensure everything is working properly. Give us a call today to find out how you can get started with your own cashless ATM processor.
The answer is yes. Adding a point-of-banking system to your business provides convenience for your customers because they don’t have to go to the bank to get cash, or use an ATM that charges them an outrageous fee. You also avoid people trying to steal your ATM machine since it does not dispense cash.
1. Minimize Chargeback & Fraud
Chargebacks and fraud are all avoided since customers must enter a PIN code to complete a purchase. Most fraud is committed without the use of a 4-digit PIN. Plus, the receipt the customer gets from the POB machine can only be used in one retail location. Thus, you can rest assured that all purchases will be completed successfully. In addition to providing 24/7 tech support.
2. Easy To Set Up
When we receive the necessary paperwork to process your order and payment for the machines, it takes about 7 to 10 business days to ship the programmed POB machine to your location. In addition, the actual set up and use of a cashless ATM is much easier than installing a traditional ATM. To make the process simple for all our merchants, the monthly fee is taken directly from your merchant account and in some cases we offer free terminals.
3. Highly Efficient
When your customers use your POB system, money is directly transferred to your bank account. Most importantly the transaction fees are paid by the customer. As the merchant account holder, the only thing that you have to pay is a small monthly processing fee of $10 for the maintenance of your cashless ATM in the first week of each month and a free online portal to view your monthly merchant statements.
With this option you will slide your customer’s bank card through the terminal and have them enter their PIN number via the external pin pad. The merchant will then give their customer their choice to choose between the pre selected cash amounts to and the transaction is then completed.
For this point of banking program, the terminal will face your customer. All you need to do is receive the approved ticket and your job it complete. This program works just like a regular ATM machine in that there will be pre selected cash amounts.
You can also earn revenue with each transaction and there’s no cost to you for the equipment (if you opted for our free terminal program) This point of banking option is a PIN based transaction (cardholder must use their PIN number) for dollar amounts in increments of $5, $10, or $20. The amounts available are pre-set by you, so you can control the amount of cash that is kept in your register.
If you want to increase your bottom line with a point-of-banking system, and you are looking for an honest, trustworthy partner that can provide you with a solution then contact My Payment Solutions USA today!
Increase your bottom line – How? With a FREE Point of Banking Machine (Cashless ATM)! Every time a customer swipes their card, you get paid! We now offer updated PCI compliant equipment options and terminals that can connect via landline, internet or wifi. We also offer wireless terminals on our cashless ATM programs. Take a look at the benefits of a cashless ATM processor below, and if you have any questions don’t hesitate to give us a call during business hours for more details! You can also book a time on our calendar link below.
Most companies charge a monthly $15 statement fee, and we give you so much more for just $10 per month, including:
Are you ready to go cashless? Avoid the hassle of dealing with a cash ATM payment processor, we are dedicated to helping businesses go cashless with our Point of Banking terminals. There is also a special $100 sign up bonus for approved locations.
Give us a call today to learn more!
