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A Micro ATM and a Mobile POS are both very useful devices, but come into play for different end purposes. A mobile POS is a handheld device used to accept payments via Cards. A Micro ATM is a hand held ATM device, which can convert your retail store into an ATM where the customers can withdraw money just by a swipe, without waiting in line!
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Micro ATM, just as the name suggests, are smaller portable versions of ATMs! That’s right! This payment solution is aimed at taking branchless banking to the last mile. Micro ATM Machines are a handheld point of sale (POS) terminal used to dispense cash in secluded regions where bank ATMs cannot reach. Micro ATMs are a doorstep mobile banking method cum-mobile ATM device to perform financial transactions like using it to accept card payments through swipe or for cash withdrawal just like in an ATM.
5 benefits of Mobile point of sale (mPOS) every retailer needs to know.
Point of Sale
1) Accepting Credit card payments anywhere One of the key benefits of mPOS solutions is that they provide merchants means to drive sales in different environments. Every merchants can make use of an mPOS solution to securely accept different types of card payments.
2) Improve customer convenience. mPOS Device helps merchant to provide personalized experience to customers. Customer can pay for their purchase by any card in any store with mPOS.
3) Cheaper than PoS. MPOS is cheaper than traditional POS.
4) EMV migration: Easing into the upgrade The EMV migration is underway in the U.S. and many merchants are still looking for robust payment solutions that will allow them to accept EMV cards.
5) Quick checkout: Retail line busting made easy Many retail environments are known to have long checkout lines and a lot of customers no longer have the patience to wait, especially, if they only have few items to buy. Using an in-store mPOS solution in addition to existing fixed payment acceptance solutions can also help merchants manage customers during busy holiday seasons.
