Use your POS terminal as Mini ATM. Merchant can use POS machine for dispensing cash up to Rs2000/- per transaction within an overall monthly limit of Rs10,000/- to any Debit card or prepaid card holder using Cash @ POS facility of ME Terminal. Similar to any sale transaction through Card on POS, Merchant will get credit on T+1 Basis. For each transaction of Cash@POS, merchant will get incentive @0.50% of transaction value subject to Max Rs5/- per transaction.
|Benefits to Merchant||Benefit for Card Holders|
|Additional source of Revenue||Convenient and safe way of obtaining cash|
|Reduced cost of cash handling.||No Service charges for BOI Cards|
|Enhanced cash management||No need to search for ATM location|
|Increase customer footfall||-|
IC Activation (International Cards) :This facility will enable the terminals to accept all international cards.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch