What is mPOS Machine ?
mPOS (Mobile POS) refers to mobile point of sale system which is the combination of software and hardware. This is an electronics device used by merchants for transaction in daily business life. Now a day’s mPOS machine is going to be key element in businesses just because of its cashless transaction function. Basically it is used in retail shops where customer likes perform transactions through Credit or Debit card. This is basically used in retail shop, grocery, food and beverage industry.
I think till now you have understood for what machine talking about. Even if you have doubt I give a example which help you to understand this clearly. Have you ever go to malls for shopping, or MacDonald’s for food, whenever you don’t have cash money, what you do? You preferred your credit or debit card for payment.
M I Right?
I think till now you have understood for what machine talking about. Even if you have doubt I give a example which help you to understand this clearly. Have you ever go to malls for shopping, or MacDonald’s for food, whenever you don’t have cash money, what you do? You preferred your credit or debit card for payment.
M I Right?
And the shopkeeper or seller swipes your card through a small machine and you enter your pin code for complete payment. I am definitely sure most of you experienced this, That small machine is known as mPOS machine and this whole process is known as mPOS payment system.
So now you are very familiar with mPOS machine, But ever you think how this mPOS machine works, how our payment process?
Is this question in your mind now?
Yes sure, Don’t be worry, now we will discuss about this topic, so keep tuning with us till end for more informative knowledge.
So now you are very familiar with mPOS machine, But ever you think how this mPOS machine works, how our payment process?
Is this question in your mind now?
Yes sure, Don’t be worry, now we will discuss about this topic, so keep tuning with us till end for more informative knowledge.
How Does mPOS Machine Work ?
We all used mPOS machine in grocery shop and malls for payment. But we never think how this mPOS machine works? How our payment settled? Without wasting time I come to the point after-all how this works. As we know mPOS machine is the combination of software and hardware and its software part is integrated with seller’s bank account. The hardware part of mPOS machine consist a card reader chip. Now we come to the process.
1. At first merchant or seller swipe credit or debit card of buyer through this machine .
2. Then mPOS machine which works as a card reader and read bar code of credit or debit card .
3. After confirming buyer input the pin code as password.
4. Then this input data sends to central regulatory account.
5. After confirming all the input details form central regulatory, amount transfer to sellers account and receipt generate .
6. Here process complete and you got the receipt of you payment, now you can get your goods and services.
So now you understand how our payment settled through Card Swiping machine (mPOS). This is the safe, secure and cashless transaction process which is trending in business now a day’s.
Learn More: Best mPOS Machine & Software
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