POS Merchant Service (Point of Sale)

Point of Sale (POS) is the system used by merchants to accept payments from customers in exchange for goods or services. Shine Resunga Development Bank Limited (SRDBL) provides POS terminal services that automate the sales process while maintaining a secure and detailed transaction history.

Cards Accepted on SRDBL POS Terminals:

·         Visa Card

·         UnionPay Card

·         SCT Card

How Does the POS Terminal Work?

A POS terminal typically performs the following functions:

1.    Reads card details (Credit, Debit, or Prepaid).

2.    Routes the transaction to the issuing bank for authorization.

3.    Prints a receipt upon successful transaction approval.

4.    Transfers funds from the customer’s account to the merchant’s account upon settlement.

POS terminals require a telephone line, internet connection, or a SIM card to function, especially for wireless models.

Merchant Service - FAQs

1. What is POS?

POS stands for "Point of Sale," referring to the place where customers complete payment for purchases.

2. How Often Can I Use My Card at a POS Terminal?

The frequency of POS transactions depends on the rules and limits set by the issuing bank of the card. It may vary between card types and institutions.

3. Is There a Daily Limit on POS Usage?

Yes. The per day transaction limit is determined by the issuing bank based on the type of card issued. Limits can vary from one card to another.