Setvices Details
"Merchant POS"
Merchant POS
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Blazepe provides its partners with cutting-edge technology
solutions for Card Acceptance through Hybrid EDC (Electronic
Data Capture) terminals. Popularly known as POS (Point of
Sale), this mode will involve the installation of an EDC
machine and POS at payment acceptance points.
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The GPRS/EDC/MPOS will be installed at the store location
and will provide instantaneous card validation, charge slip
generation, and finally electronic settlement at the end of
day. Payment of these transactions will be made vide a
credit to a pre-determined Bank Account on the next working
day.
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The Blazepe EDC terminals will help the merchant accept all
cards — RUPAY, VISA, VISA ELECTRON, MASTERCARD and MAESTRO —
issued in India. The enablement of Merchant POS service
results in customer satisfaction and stickiness with the
merchant. Also, accepting digital payment is safer for the
merchant than accepting cash payment.
Features
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Settlement: Merchant needs to do manual settlement at EOD
(End of Day) to get funded on T+1 day (Transaction Date + 1 day).
The amount will get credited directly to Merchant’s Bank A/c.
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Terminal Servicing: We have dedicated technical team for
servicing the POS terminals.
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Merchant Acquiring Call Center: We provide our Merchants
with facility of having a Call Center to resolve issues, if any.
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Relationship Manager: We would also assign a Relationship
Manager for handling day-to-day requirements.
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Support Material: EDC rolls and promotional materials like
pamphlets, glow signs, and stickers stating acceptance of debit /
credit cards shall be provided as and when required.
Benefits to banks
- New Current Accounts will be opened in the Bank by Merchants.
- Banks can utilize the Merchant float.
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New Customer Acquisition: Increased transactions lead to more
references for new accounts, which will generate more business for
the Banks in long run. Also, reduces attrition of Customers.
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Continuous flow of funds in accounts helps in increasing the CASA
balance of Banks.
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Visibility at Merchant location leads to marketing for the Banks.
- Reduction in cash deposit and long teller lines at the Bank.
Merchant POS