Make your Point of Sale a Point of Difference with our PoS Solution. It provides accurate and quick transactions at the counter. Choose what works best for you - wired Card Swipe Machine (EDC/POS) or Wireless Card Swipe Machine. Your customers will spend less time at checkout lines and won’t have to worry about carrying cash or change.
Freedom from cash management costs in a safe and secure manner
Daily Transaction Reports
On-site Merchant Training
Instant Payment Receipts
Loan available against card receivables
Accepts Visa, MasterCard and RuPay Cards
Our POS terminals have NFC (Tap & Pay), Chip & Pin, and Card Swipe facilities
You are eligible as a Merchant if you already have a Current Account with the bank. Don't have one? No problem, simply open a Current Account with us to become eligible instantly.
Who can avail these benefits?
Note: Complete Know Your Customer (KYC) needs to be furnished for the opening of Current Account of new customers. In case of non-availability of the above documents, please contact your bank official for a complete list of acceptable documents.
|Annual Maintenance Charges (Per TID)||GPRS / Android / MPOS||INR 1000|
|Bharat QR||INR 250|
|Transaction Service charges||INR 1 per Txn|
|Late Settlement Charges||INR 350 per late settlement after 2 days|
|Low throughput charges (Not Applicable for Bharat QR)||Nil transction||INR 350 per month|
|Upto INR 10,000 per month||INR 250 per month|
|Between INR 10,000 and INR 25,000 per month||INR 150 per month|
|Lost terminal charges||GPRS / Android||INR 12000|
|Damaged terminal charges||Actual cost of repair + INR 500|
|Application Cancellation charges||INR 1000|
|Chargeback Management Fees||INR 500 per case|
|Deinstallation||INR 3000 if deinstalled within 12 months|
|Processing of refund transactions||MDR Cost + INR 100 per refund|
|Abbreviations Used: TID = Terminal Identification Number, QR = Quick Response, GPRS = General Packet Radio Service, PSTN = Public Switched Telephone Network, txn = transaction, INR = Indian Rupee|
|Charges are exclusive of the Goods and Service Tax (GST).
With effect from July 1, 2017 the effective Goods and Service tax rate will be 18% on taxable value. The GST rate is subject to change from time to time.
|Charges may vary as per the Banks discretion. All charges are subject to revision with an intimation of 30 days to the Merchant.|
|Services not available at all the locations. Please get in touch with your nearest Kotak Mahindra Bank branch for availability of Merchant Acquiring Services in your location|