MPOS / micro ATM Device

It happens often when you are running low on cash to pay and couldn’t find an ATM. To cater to this problem, Payworld offers you a cash withdrawal solution through its range of retail outlets. Whether it is to make payment for the goods or services you purchase or to withdraw cash from the retail store, MPOS/MICRO ATM Device from Payworld makes all of this possible with great amount of convenience. You can withdraw up to ₹10,000 from this device by swiping any bank’s Debit/ATM card. This ultraportable device can be used to enable card acceptance at the customer’s doorstep as well. The only thing that the retailers need to do is to get Payworld’s MPOS/MICRO ATM Device and they are ready to do the transactions.

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FAQs

1. What is an mPOS Machine, and how does it work?
An mPOS (full form - mobile point of sale) machine is a portable device that works similar to that of a traditional POS machine with an additional benefit - ease to carry around and accept card payments anytime and anywhere. An mPOS device will prove beneficial to any merchant who wants to expand his business and provide a digital edge to his/her business. An mPOS swipe machine allows a retailer to perform the functions of a cash register or electronic point-of-sale terminal (POS terminal) wirelessly. For the implementation of an mPOS, the merchant requires an efficient internet connection, an application or app downloaded on the device (smartphone or tablet), and a credit or a debit card reader. These are the only minimum requirements to set up an mPOS machine for doing a profitable business.
2. What are the benefits of mPOS?
An mPOS machine will offer you several benefits that will not only make the process of making payments easy and faster but will also enhance the working and efficiency of your business. Some of these benefits are mentioned below.   One of the essential benefits that an mPOS micro bank offers is that they allow mPOS retailers to explore and drive sales in different environments. Merchants who often sell their products outside their store can make use of mPOS devices or mATM to make easy, fast, secure, and hassle-free payments for different types of card payments.   One of the significant benefits of an mPOS swipe machine is that an mPOS machine will limit the liability of business since all the transactions made by an mPOS device are encrypted. All the data of credit cards and debit cards are not stored in the mPOS device at all. This benefits the company as it can reduce maximum risks that are associated with security breaches. This method of data storage also simplifies compliance with privacy and security regulations such as PCI DSS. This technology has also been beneficial for small businesses since it enables them to take the advantages of security technology and monitoring through their software vendors, which was initially available to large companies only.
3. What are the benefits of mPOS at Payworld India?
Payworld India offers a lot of benefits to all the merchants that register themselves with their micro banking services. Some of these benefits include the following,  1) Payworld offers fast activation services. Micro banking services are activated within 48 hours.    2) Payworld always credits the margins instantaneously.   3) Unlike other payment services, Payworld facilities are available even on bank holidays.   4) The withdrawal limit offered by Payworld micro bank is between Rs 100 to Rs 10,000.
4. Why should you choose an mPOS over any traditional POS system?
An mPOS (full form – mobile point of sale) has several perks over the tradition POS method, such as;  1) An mPOS allows you to accept payments on the go.  One of the essential advantages mPOS devices offer is that these devices facilitate payments while you are on the move. An mPOS device will work all the time efficiently, and it doesn't matter whether you are an online e-commerce business that delivers products with a card-on-delivery option or a restaurant that accepts payments at-home delivery for your food.   2) An mPOS device doesn't require any high-end technical knowledge.   Many payment methods demand complicated technical knowledge, but the mPOS micro banking doesn't require a high-tech knowledge base to operate it.   The software in the mPOS app is quite user-friendly. Therefore, you can buy multiple devices for all the delivery personnel or have more than one billing counter in your store to reduce the waiting time of your customers.   3) Traditional POS may have high installation costs while mPOS price is pocket friendly.  Setting up a traditional POS for your business in case you don't have one already can be very expensive. It would require a lot of expenditure; you'll have to buy a new telephone connection or a SIM card and a card swiping machine. On the other hand, an mPOS device price is very low, and is easily affordable; you can get the device at very minimal rental plans or at a lower price compared to a traditional card swiping machine.     4) Automated settlements & integration capabilities   To start using an mPOS device, you don't need to open a new bank account. You can make use of your existing current or saving accounts to accept card payments for your business. Furthermore, you will get a real-time report of all the transactions right on your smartphone. The best feature of an mPOS device is that this can be easily integrated with your native business App or your billing solution, making it very easy to use and allows you to use multiple devices hassle-free. You can use your single smartphone for keeping a check on the business and all the transactions that are being made without going through extensive records of files.  5) An mPOS is secure   mPOS has a highly secure system because it complies with PCI and EMV2 standards of the industry. mPOS devices have the highest transaction success rates with geo-tagging facilities. Most mPOS devices allow you to find where a transaction takes place, and you can keep track of all the transactions made.  6)  An mPOS machine offers a lot of services.  An mPOS software allows merchants to access a variety of reports, helping them figure out who's buying what and to zero in on those elusive target markets. Once business merchants identify the subsets of their buying audience, they can use mPOS technology to offer more relevant and personalized messaging via one-to-one marketing.  7)  With an mPOS, you can view customer’s checkout history   With the aid of an mPOS, staff can easily view past all the transactions. This could be used to teach the staff about the needs of the customer and helps facilitate feedback. This feature makes the staff more informed about customer needs and improves their performance. Staff members find it easy to find what the customer expects because of the data they have. mPOS uses customer information to make more effective and relevant sales.
5. Why choose PayworldIndia mPOS?
Payworld India mPOS provides you with a number of benefits to merchants to expand their micro-financing business. Some of these benefits are,   a) Payworld India mPOS accepts payments through any bank Debit or Credit cards for the goods and services sold to your customers.   b) Payworld India provides Cash Withdrawal facility to the customers up to Rs 2000.   c) Payworld India mPOS or mATM provides quick & secure settlement for all the transactions.   d) Payworld India mPOS device is a small, handy device, and it is easy to carry and takes minimal counter space.   e) There is no Swipe Limit with PayworldIndia mPOS.   f) Payworld offers multiple services that you can make use of and diversify your business.   g) Payworld India mPOS solutions allow you to connect your machine to any account. You can connect your device with either a savings account or a current account.   h) An  mPOS machine prices are very affordable, and it can be activated within one working day.
6. Tell me more about Payworld India.
Payworld is a Fintech corporation that commenced its business operations in the year 2006. It is a business company that provides financial aid to the Semi-Urban citizens of India. It handles a large area of the network, comprising 2,50,000 retailers across 630 zones in India. Generally, it carries out daily business transactions of 2,00,000 and above. Payworld is a very dynamic source of business that provides a diverseness in its operations and professional services that include Money Remittances, AEPS, BPPS, Bill Payments; Mobile Recharges, DTH REcharges, and more. Its services further extend to a higher degree than covers the headings of Mutual Funds, Insurance policies, Loans, and so forth. It facilitates the objective of giving financial addition and help to the individuals. We would like to show our appreciation and acknowledgement to our Governing administration for involving the BC Agents in our company. All these agents have stepped forward to take the initiative of providing essential financial services to the Indian people in these challenging times. The most impressive element of Payworld is that it functions through a large network of 50,000+ BC Agents who always assure to deliver the financial aid and service to over 25 Million numbers of consumers throughout India, who will hopefully stay unaffected and untouched during this pandemic. Payworld holds firmly on the ground in terms of facilitating and educating countless individuals about financial services and procedures. We, as a team, would like to ensure that the professional services given by our corporation will operate in the most efficient and efficacious manner throughout this pandemic and will also guide our clients appropriately in these tough times.