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- Accepting cards at places of trade
Accepting cards at places of trade
Growth of clients and turnover for your company
- Safer transactions for customer and merchant
- Money gets to your company account quicker
- Smaller expenses for cash services and less risk
Paying with a payment card it is safer and more convenient than make cash transactions for both customer and merchant. Customer is more likely to go to a company that offers various payment options, and merchant will speed up financial turnover in the account as well as diminish the costs of cash operations. A merchant needs a POS terminal or cash register system to be able to accept payment cards. All terminals set up by SEB bank are certified for accepting VISA and Mastercard chip cards and guarantees security for transactions and payment cards at your company.
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MiniPOS card reader |
Mobile POS terminal |
Stationary POS terminal |
The integrated cash system |
| Description | Compact | Movable | Designated for a fixed payment place | Linking card transactions to the company's accounting system |
| Transactions per day | up to 20 | 21- 100 | 50 - 200 | 200+ |
| Areas / industries | Outbound trade / small number of transactions | Catering / service | Trade | Large number of trade transactions |
| Contactless Yes / No |
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| Additional bonuses | Comfortable to take with for on-the-go sales; electronic transaction check | Portable Terminal for easier customer payment possibility | Permanent and stable payment option at a certain point of sale | Quick payments to the cashier, as the amount needs to be entered just once |
| Required additional equipment / investment |
Phone / Tablet with iOS or Android OS SIM card with mobile data |
SIM card with mobile data | SIM card with mobile data or Internet connection | Internet connection |
| Actual costs | From 5 EUR per month + 1.29% of each transaction | Applied individually | Applied individually | Applied individually |
| Delivery of the equipment by courier and installation, warranty service and replacement | Free of charge | Free of charge | Free of charge | According to the supplier agreement between the company and the cash register system |
| The types of cards that are accepted | VISA, VISA Electron, Mastercard, Maestro | |||
MiniPOS
For small businesses or self-employed, individual producers or service providers. For entrepreneurs engaged in seasonal, occasional or outbound trade.
Mobile POS terminal
Different scale stores, restaurants and service locations with cashless payment possibility.
Stationary POS terminal
For medium and small scale stores and service venues where payment for a purchase is made at the cashier.
Integrated cashier system
For large companies with a large number of transactions and the need to provide fast customer service.
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MiniPOS
For small businesses or self-employed, individual producers or service providers. For entrepreneurs engaged in seasonal, occasional or outbound trade.
-
Mobile POS terminal
Different scale stores, restaurants and service locations with cashless payment possibility.
-
Stationary POS terminal
For medium and small scale stores and service venues where payment for a purchase is made at the cashier.
-
Integrated cashier system
For large companies with a large number of transactions and the need to provide fast customer service.
To receive an offer on accepting payment cards at your place of trade, please, submit application on internet bank or SEB banka web page.
If you have additional questions, please call us at +371 26668777, write a letter via the internet bank or use chat on our webpage.
To start accepting payment cards your company need to:
- open a current account at SEB bank;
- sing an agreement with SEB bank about accepting payment cards and setting up payment card authorization equipment;
- in case of POS terminal setup (according to the type of connection) – secure a phone line, internet connection or data transmission card (for mobile terminal) at your place of trade;
- in case of integrated cash system use – secure a cash register that corresponds to VISA and Mastercard standards at your company.
By signing an agreement on servicing payment cards, SEB bank will grant for your company:
- servicing of international payment cards Maestro, VISA Electron, Mastercard and VISA;
- free of charge set up of SEB bank owned POS terminal, guaranteed service and change of terminal, if it will be necessary;
- payment card service system in cash register systems;
- free training for your company employees about servicing payment cards and using POS terminal;
- monthly reports about performed transactions in an electronic form.
Advantages for company that offers payment card service at their places of trade
- Increase in numbers of clients: clients have an option to choose the most convenient form of payment when paying for goods or services.
- Growth of company turnover: customers are more likely to return to companies that accept payment cards.
- More secure transactions: financial risks are lower for the company, because the volume of cash is smaller and there are less cash register procedures.
- Non-cash transactions are processed quicker – you do not have to make a trip to the bank or cash-in / cash-out ATMs to make cash deposits / withdrawals. Money for purchases automatically gets transferred to your company current account.
- Convenient income control and registration: you will receive a monthly electronic statement about transactions made with cards.
- Foreign customers: foreign clients, when traveling for leisure or business, will more likely choose making payments with payment cards, as they are aware of the advantages of cards.
- In addition to standard functions, POS terminal has an option of connecting to service that will top-up pre-paid phone cards at your telecommunication services operator.
- Satisfied customers: By providing customers with a choice to pay either by card or in cash, you are showing respect and care towards customer and service provided by the company. Customers appreciate it!