Offline Pos for credit card transaction
An offline POS terminal or offline PIN pad is a non-face-to-face payment machine used to charge debit and credit cards via unsecured mode. As generally POS terminals requires the presence of the cardholder to be able to swipe it through the machine or introduce the PIN code manually to validate the operation, this type of transaction can be made without the presence of the card holder. Offline POS terminals and offline PIN pads do not require the physical presence of the cardholder since the card brand, card number, expiration date and CVC code can be entered without the client. Offline POS terminals or offline PIN pads are very difficult to contract since they involve a high fraud rate. In order to apply for one for your business make sure your business has an impeccable reputation and you are ready to leave a rolling reserve in a favor of the bank for some period of time.
We work together many Asian and North American banks able to provide a safe offline POS for your Business, generally this type of POS require a multi million dollar business and at least 5 to 50 million of dollars transacted via POS.Timeframe to obtain an Offline POS contract is between 15 to 90 days.