Point of Banking systems are designed to work with your customer’s debit, ATM, and credit cards, giving them access to their cash and allowing them to spend more inside your store. Point of Banking machines are similar to standard credit card processing machines. The difference is the terminal is loaded with a custom software program so it only runs PIN based transactions with a convenience fee that the cardholder pays. This fee serves to pay for the processing costs incurred.
By converting card users over to the Cashless ATM, you’ll be making money on each transaction instead of paying money for each card holders convenience of using their card.
Customers initiate the transaction on their own. They insert their chip card and select the amount they want. A receipt prints out as a voucher they hand to you. They can simply request cash only, or make a purchase while receiving the remaining cash back. You receive whatever cash you put out within three business days.
The amounts are preset by you the merchant by choosing them with your Merchant Consultant when establishing the account. You can set a limit on the transactions for as low as $40 or $60 if you do not want to hand out larger amounts. Customers can also request increments of $1.
The beautiful thing about it is you are making a profit on this transaction instead of paying the fees for a merchant account.
There are no contract terms and can cancel the program at any time.
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Epic Merchant Services is a registered ISC of TSYS Business Solutions LLC, 12202 Airport Way, Suite 100, Broomfield, Co. 80021 / One Tsys Way, Columbus, GA 31901 TSYS Business Solutions, LLC. is a registered ISO of Wells Fargo Bank, N.A., Concord, CA; Synovus Bank, Columbus, GA; and Deutsche Bank, New York, NY for Visa and Mastercard transactions only.