{"id":230557,"date":"2021-10-05T06:11:11","date_gmt":"2021-10-05T06:11:11","guid":{"rendered":"https:\/\/suco.hostrobust.com\/?page_id=230557"},"modified":"2024-11-04T18:07:29","modified_gmt":"2024-11-04T12:37:29","slug":"pos-machine","status":"publish","type":"page","link":"https:\/\/suco.bank.in\/kn\/business-banking\/pos-machine\/","title":{"rendered":"POS Machine"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Hero&#8221; _builder_version=&#8221;4.27.2&#8243; background_enable_color=&#8221;off&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;160deg&#8221; background_color_gradient_stops=&#8221;rgba(51,13,105,0.49) 0%|rgba(48,201,205,0.44) 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_color_gradient_start=&#8221;rgba(51,13,105,0.49)&#8221; background_color_gradient_end=&#8221;rgba(48,201,205,0.44)&#8221; background_image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2024\/11\/POS-machines-copy.jpg&#8221; custom_padding=&#8221;|0px|120px|0px|false|false&#8221; bottom_divider_style=&#8221;asymmetric3&#8243; bottom_divider_color=&#8221;#ffffff&#8221; hover_enabled=&#8221;0&#8243; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; title_text=&#8221;POS-machines copy&#8221; sticky_enabled=&#8221;0&#8243; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;Montserrat|300|||||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;2em&#8221; header_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.4em&#8221; background_layout=&#8221;dark&#8221; max_width=&#8221;600px&#8221; custom_margin=&#8221;||30px|&#8221; custom_margin_last_edited=&#8221;off|desktop&#8221; header_font_size_tablet=&#8221;30px&#8221; header_font_size_phone=&#8221;24px&#8221; header_font_size_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>SUCO POS Machines<\/h1>\n<p>Most cashless businesses depend on the \u2018swiping machine\u2019 or Point Of Service machine.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;#pos-machine&#8221; button_text=&#8221;View details&#8221; _builder_version=&#8221;4.16&#8243; custom_button=&#8221;on&#8221; button_text_size=&#8221;14px&#8221; button_text_color=&#8221;#ffffff&#8221; button_bg_color=&#8221;#003bde&#8221; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;4px&#8221; button_letter_spacing=&#8221;1px&#8221; button_font=&#8221;|||on|||||&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;16px|40px|16px|40px|true|true&#8221; button_border_radius_hover=&#8221;4px&#8221; button_letter_spacing_hover=&#8221;1px&#8221; button_bg_color_hover=&#8221;#0053ef&#8221; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;off&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;on&#8221; button_border_radius__hover=&#8221;4px&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;on&#8221; button_letter_spacing__hover=&#8221;1px&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;on&#8221; button_bg_color__hover=&#8221;#0053ef&#8221; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;pos-machine&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/POS-Sub.png&#8221; title_text=&#8221;POS-Sub&#8221; force_fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_2_font=&#8221;Poppins||||||||&#8221; header_2_font_size=&#8221;28px&#8221; header_2_line_height=&#8221;1.4em&#8221; header_3_font=&#8221;||||||||&#8221; module_alignment=&#8221;center&#8221; custom_padding=&#8221;50px|50px|50px|50px|true|true&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>POS Machine<\/h2>\n<p>SUCO Bank will simplify your business process by providing a loan for acquiring POS machines. Whatever the nature of your business, you will need a POS machine. You can choose the type of machine from the various options available.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; make_equal=&#8221;on&#8221; specialty=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;||||||||&#8221; header_2_font=&#8221;Poppins||||||||&#8221; header_2_font_size=&#8221;28px&#8221; header_2_line_height=&#8221;1.4em&#8221; header_3_font=&#8221;||||||||&#8221; module_alignment=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><strong>Android POS machine<\/strong><\/h4>\n<p>This machine works with SIM card (normally used in Petrol Bunks). Following two companies are supplying this type of machines our Bank.<\/p>\n<ul>\n<li><\/li>\n<\/ul>\n<p><a href=\"https:\/\/suco.bank.in\/pos-machine\/#gprs\">Procure Now<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; specialty_columns=&#8221;2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_row_inner _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;||||||||&#8221; header_2_font=&#8221;Poppins||||||||&#8221; header_2_font_size=&#8221;28px&#8221; header_2_line_height=&#8221;1.4em&#8221; header_3_font=&#8221;||||||||&#8221; module_alignment=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>PROCUREMENT MODELS<\/h2>\n<p>Merchant customers after selecting the type of POS machine of their choice, they have a select mode of payment for the purpose of procurement of machine. There are 2 types of payment systems.<\/p>\n<p>[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; width_tablet=&#8221;&#8221; width_phone=&#8221;95%&#8221; width_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;32px&#8221; header_2_line_height=&#8221;1.6em&#8221; module_alignment=&#8221;center&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;|||20px|false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>MERCHANT BANKING<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;32px&#8221; header_2_line_height=&#8221;1.6em&#8221; module_alignment=&#8221;center&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;|||20px|false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_3_font_size_tablet=&#8221;18px&#8221; header_3_font_size_phone=&#8221;16px&#8221; header_3_font_size_last_edited=&#8221;on|tablet&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>POINT OF SALE (POS) MACHINES FOR NON-CASH TRANSACTIONS<\/h3>\n<p>[\/et_pb_text][et_pb_blurb icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;off|hover&#8221; transform_scale__hover_enabled=&#8221;off|hover&#8221; transform_translate__hover_enabled=&#8221;off|hover&#8221; transform_rotate__hover_enabled=&#8221;off|hover&#8221; transform_skew__hover_enabled=&#8221;off|hover&#8221; transform_origin__hover_enabled=&#8221;off|hover&#8221;]<\/p>\n<p>Merchant Processing Services, also known as Merchant POS, allow businesses to securely accept payments through the use of credit cards, debit cards, or NFC\/RFID-enabled devices. These services allow merchants to accept a variety of cards, such as RuPay, VISA, VISA ELECTRON, MASTERCARD and MAESTRO, issued globally. In order to use these services, a merchant must obtain POS machines from a bank. The POS machines are installed at the merchant&#8217;s place of business and provide instantaneous card validation, charge slip generation, and electronic settlement at the end of the day. Payments for these transactions are credited to a predetermined bank account on the next working day.<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; width_tablet=&#8221;&#8221; width_phone=&#8221;95%&#8221; width_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Support Material&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Cash-track.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]Necessary stationery including EDC rolls and promotion materials like pamphlets, glow sign and stickers stating acceptance of credit cards shall be provided and stocks of the same shall be replenished promptly as and when required. Sarvatra will facilitate this via ICICI.[\/et_pb_blurb][et_pb_blurb title=&#8221;Benefits to Bank&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Premium-SB.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]<\/p>\n<ul>\n<li>\u00a0India is quickly moving towards digitalization.<\/li>\n<li>\u00a0Merchants will open new current accounts with banks.<\/li>\n<li>\u00a0New customers will be acquired as increased transactions lead to more references for new accounts, resulting in more business for banks in the long term.<\/li>\n<li>\u00a0Banks can reduce customer attrition.<\/li>\n<li>\u00a0Banks can utilize the merchant float.<\/li>\n<li>\u00a0A continuous flow of funds in accounts helps to increase the CASA balance of banks.<\/li>\n<li>\u00a0Banks can benefit from a 2% discount on GST as announced by the Government of India.<\/li>\n<li>\u00a0Banks will have visibility at merchant locations which can be used for marketing purposes.<\/li>\n<\/ul>\n<p>[\/et_pb_blurb][et_pb_blurb title=&#8221;PROCUREMENT MODELS&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Recurring-Deposit.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]<\/p>\n<p>Merchant customers have the option to choose between different types of POS machines. Once they have made their selection, they must also choose a mode of payment for the procurement of the machine. There are four options available for payment:<\/p>\n<p>i) One-time cost and monthly rentals<br \/>ii) Monthly commercial charges<br \/>iii) Monthly service charges<br \/>iv) Free POS machine with no additional charges<\/p>\n<p>[\/et_pb_blurb][et_pb_blurb title=&#8221;Important Points for Merchants&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/application-documentation.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]<\/p>\n<ol>\n<li>Settle\/Close the transaction batch every day before 10.30 pm to avoid delay in receiving payments.<\/li>\n<li>Keep Receipts\/Charge slips for Thirteen months from the transaction date to avoid Chargeback.<\/li>\n<\/ol>\n<p>[\/et_pb_blurb][et_pb_blurb title=&#8221;Transaction Charges&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/application-documentation.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; content_tablet=&#8221;<\/p>\n<p>Transaction charges are the responsibility of the merchant. After deducting transaction charges from the customer&#8217;s bill, the remaining amount will be credited to the merchant&#8217;s current account with the bank. The transaction charges are as follows:<br \/>MDR: Below table shows the percentage of Transaction Value that the Merchant needs to pay to the Acquirer Bank.<\/p>\n<table border=%221%22 style=%22border-collapse: collapse; width: 100%; height: 371px;%22>\n<tbody>\n<tr style=%22height: 23px;%22>\n<td style=%22width: 30.6184%; height: 23px;%22>Parameter<\/td>\n<td style=%22width: 58.371%; height: 23px;%22>% of Transaction Value<\/td>\n<\/tr>\n<tr style=%22height: 175px;%22>\n<td style=%22width: 30.6184%; height: 175px;%22><span>Debit card transaction<\/span><\/td>\n<td style=%22width: 58.371%; height: 175px;%22>\n<ul>\n<li><span> If the Business is less than 20 lakhs then 0.4% transaction.<\/span><\/li>\n<li>If Business is more than 20 lacs then 0.9% transaction.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=%22height: 55px;%22>\n<td style=%22width: 30.6184%; height: 55px;%22><span>Consumer Credit Card<\/span><\/td>\n<td width=%22319%22 style=%22width: 58.371%; height: 55px;%22>1.40%<\/td>\n<\/tr>\n<tr style=%22height: 47px;%22>\n<td style=%22width: 30.6184%; height: 47px;%22><span>Premium Credit Card<\/span><\/td>\n<td style=%22width: 58.371%; height: 47px;%22>2%Super Premium Credit Card<\/td>\n<\/tr>\n<tr style=%22height: 71px;%22>\n<td style=%22width: 30.6184%; height: 71px;%22><span>Super Premium Credit Card<\/span><\/td>\n<td style=%22width: 58.371%; height: 71px;%22>2.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p>Transaction charges are the responsibility of the merchant. After deducting transaction charges from the customer&#8217;s bill, the remaining amount will be credited to the merchant&#8217;s current account with the bank. The transaction charges are as follows:<br \/>MDR: Below table shows the percentage of Transaction Value that the Merchant needs to pay to the Acquirer Bank.<\/p>\n<table border=%221%22 style=%22border-collapse: collapse; width: 67.9913%; height: 371px;%22>\n<tbody>\n<tr style=%22height: 23px;%22>\n<td style=%22width: 4.73934%; height: 23px;%22>Parameter<\/td>\n<td style=%22width: 4.73934%; height: 23px;%22>% of Transaction Value<\/td>\n<\/tr>\n<tr style=%22height: 175px;%22>\n<td style=%22width: 4.73934%; height: 175px;%22><span>Debit card transaction<\/span><\/td>\n<td style=%22width: 4.73934%; height: 175px;%22>\n<ul>\n<li><span> If the Business is less than 20 lakhs then 0.4% transaction.<\/span><\/li>\n<li>If Business is more than 20 lacs then 0.9% transaction.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=%22height: 55px;%22>\n<td style=%22width: 4.73934%; height: 55px;%22><span>Consumer Credit Card<\/span><\/td>\n<td width=%22319%22 style=%22width: 4.73934%; height: 55px;%22>1.40%<\/td>\n<\/tr>\n<tr style=%22height: 47px;%22>\n<td style=%22width: 4.73934%; height: 47px;%22><span>Premium Credit Card<\/span><\/td>\n<td style=%22width: 4.73934%; height: 47px;%22>2%Super Premium Credit Card<\/td>\n<\/tr>\n<tr style=%22height: 71px;%22>\n<td style=%22width: 4.73934%; height: 71px;%22><span>Super Premium Credit Card<\/span><\/td>\n<td style=%22width: 4.73934%; height: 71px;%22>2.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8221; content_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; overflow-x_tablet=&#8221;&#8221; overflow-x_phone=&#8221;scroll&#8221; overflow-x_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]<\/p>\n<p>Transaction charges are the responsibility of the merchant. After deducting transaction charges from the customer&#8217;s bill, the remaining amount will be credited to the merchant&#8217;s current account with the bank. The transaction charges are as follows:<br \/>MDR: Below table shows the percentage of Transaction Value that the Merchant needs to pay to the Acquirer Bank.<\/p>\n<table border=\"1\" style=\"border-collapse: collapse; width: 100%; height: 253px;\">\n<tbody>\n<tr style=\"height: 23px;\">\n<td style=\"width: 11.0105%; height: 23px;\">No<\/td>\n<td style=\"width: 30.6184%; height: 23px;\">Parameter<\/td>\n<td style=\"width: 58.371%; height: 23px;\">% of Transaction Value<\/td>\n<\/tr>\n<tr style=\"height: 175px;\">\n<td style=\"width: 11.0105%; height: 175px;\">1<\/td>\n<td style=\"width: 30.6184%; height: 175px;\"><span>Debit card transaction<\/span><\/td>\n<td style=\"width: 58.371%; height: 175px;\">\n<ul>\n<li><span> If the Business is less than 20 lakhs then 0.4% transaction.<\/span><\/li>\n<li>If Business is more than 20 lacs then 0.9% transaction.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=\"height: 55px;\">\n<td style=\"width: 11.0105%; height: 55px;\">2<\/td>\n<td style=\"width: 30.6184%; height: 55px;\"><span>Consumer Credit Card<\/span><\/td>\n<td width=\"319\" style=\"width: 58.371%;\">1.40%<\/td>\n<\/tr>\n<tr>\n<td width=\"119\" style=\"width: 11.0105%;\">3<\/td>\n<td style=\"width: 30.6184%;\"><span>Premium Credit Card<\/span><\/td>\n<td style=\"width: 58.371%;\">2%Super Premium Credit Card<\/td>\n<\/tr>\n<tr>\n<td width=\"119\" style=\"width: 11.0105%;\">4<\/td>\n<td style=\"width: 30.6184%;\"><span>Super Premium Credit Card<\/span><\/td>\n<td style=\"width: 58.371%;\">2.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;How it works&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Processing-Fee.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]<\/p>\n<p>To facilitate digital transactions, merchants must set up payment infrastructure such as POS machines, and open a unique merchant account with a bank. Banks provide payment services; in return, merchants must pay a fee to the bank to use their payment infrastructure. This fee is called the Merchant Discount Rate (MDR).<\/p>\n<p>[\/et_pb_blurb][et_pb_blurb title=&#8221;New Android POS MACHINES&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/MPOS-machine.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]An Android point of sale (POS) system is essentially a wireless, portable cash register for smartphones and tablets with an Android Operating System. An Android mPOS eliminates the need for a clunky cash register and can carry out all of the functions of a traditional POS terminal plus more.  [\/et_pb_blurb][et_pb_blurb title=&#8221;Procurement Cost for Android  Type&#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/GPRS-POS-machine-1.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#000000&#8243; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#000000&#8243; body_font_size=&#8221;16px&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; text_orientation=&#8221;center&#8221; custom_padding=&#8221;14px|16px|14px|16px|true|true&#8221; animation_style=&#8221;zoom&#8221; animation_intensity_zoom=&#8221;10%&#8221; animation=&#8221;off&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; box_shadow_style=&#8221;preset3&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;80px&#8221; box_shadow_spread=&#8221;-10px&#8221; box_shadow_color=&#8221;rgba(44,54,92,0.2)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; transform_styles__hover_enabled=&#8221;on|hover&#8221;]<\/p>\n<p>There are 3 types of payment modes for procurement cost of machines under the GPRS type, which are as under.<\/p>\n<p><strong>Customers have to select any one mode of payment and request the branch through a letter specifically for this purpose.<\/strong><\/p>\n<p><strong>(a) One-Time Cost &amp; Monthly Rentals:<\/strong><br \/>Customers who wish to purchase the machine by investing a one-time cost at the beginning and benefit from low monthly rental payments can opt for this type of payment when procuring an Android POS machine.<\/p>\n<table border=\"1\" style=\"border-collapse: collapse; width: 75.8049%;\">\n<tbody>\n<tr>\n<td style=\"width: 41.9355%;\"><span>One Time Cost<\/span><\/td>\n<td style=\"width: 32.3465%;\">Rs. 11000 + Service Tax<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 41.9355%;\"><span>Installation Charges<\/span><span><\/span><\/td>\n<td style=\"width: 32.3465%;\">Rs. 1500 + S.T.<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 41.9355%;\">QR Code on the Same device (one time) Non-Refundable<\/td>\n<td style=\"width: 32.3465%;\">Rs. 1000 + S.T<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 41.9355%;\">Monthly Rent<\/td>\n<td style=\"width: 32.3465%;\">Rs. 300 + S.T<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>b) Monthly Commercial Charges:<\/strong><strong><\/strong><br \/>This payment option may be a better fit for customers who wish to maintain a larger balance in their current account, as it does not require any one-time costs or installation charges, and instead has reduced monthly rental charges as per the slab mentioned.<\/p>\n<table border=\"1\" style=\"border-collapse: collapse; width: 68.7047%;\">\n<tbody>\n<tr>\n<td style=\"width: 34.8387%;\"><span>Current\u00a0 Account\u00a0 Balance<\/span><\/td>\n<td style=\"width: 30.7297%;\">Commercial Charges<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 34.8387%;\"><span>Rs. 25000\u00a0\u00a0 &#8211;\u00a0 50000\/-<\/span><\/td>\n<td style=\"width: 30.7297%;\">Rs. 500 + ST<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 34.8387%;\"><span>Rs. 50001\u00a0\u00a0 &#8211;\u00a0 75000\/-<\/span><\/td>\n<td style=\"width: 30.7297%;\"><span>Rs.400\u00a0 + ST<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 34.8387%;\"><span>Rs. 75001\u00a0\u00a0 &#8211;\u00a0 100000\/-<\/span><\/td>\n<td style=\"width: 30.7297%;\"><span>Rs.300 + ST<\/span><span><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 34.8387%;\"><span>Above\u00a0\u00a0 Rs.\u00a0\u00a0 100000\/-<\/span><span><\/span><\/td>\n<td width=\"479\" style=\"width: 30.7297%;\">NILL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>(c) Free POS machine<\/strong><br \/>This payment option may be better for customers who maintain a substantial balance in their current account. They may be eligible to receive a free POS machine for procurement. However, if they wish to have a QR code feature on the same device, they will be required to pay a one-time non-refundable fee of 1000 + GST.<\/p>\n<p><strong>(d) Monthly service charges<\/strong><br \/>If customers maintain an average balance of fifty thousand in their freedom current account, they may be eligible to receive a free POS machine, however, they are required to pay monthly service charges. If they wish to have a QR code feature on the same device, they will be required to pay a one-time non-refundable fee of 1000 + GST.<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px|0px|0px|0px|true|true&#8221; custom_padding=&#8221;0px|0px|0px|0px|true|true&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUCO POS Machines Most cashless businesses depend on the \u2018swiping machine\u2019 or Point Of Service machine.POS Machine SUCO Bank will simplify your business process by providing a loan for acquiring POS machines. Whatever the nature of your business, you will need a POS machine. You can choose the type of machine from the various options [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":229855,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"class_list":["post-230557","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/230557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/comments?post=230557"}],"version-history":[{"count":49,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/230557\/revisions"}],"predecessor-version":[{"id":247065,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/230557\/revisions\/247065"}],"up":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/229855"}],"wp:attachment":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/media?parent=230557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}