What is Pos Device?

 You've been shopping, now it's time to pay. If you pay by credit card or debit card instead of paying with cash, you need to use POS. So what is POS? 

Money Status

In fact, we all know what the POS device or its commonly known Pos machine does. We use POS instruments to pay after shopping with our credit and debit cards. That is the name given to the device that we pay the card in the POS device enterprises. The name of the POS comes from the initials of Point Of Sale, meaning the point of sale.

Pos devices are sold by banks. In addition, businesses are issuing an extra commission to the banks where they buy POS devices according to their payment order.

In recent years , applications like Ödal are trying to develop alternative payment methods for POS devices. Companies also develop their own applications and place a payment option with QR code. As an additional marketing strategy, gift points are given to those who use these applications. Thus, the brand can hold more data about the person who makes the purchase. 

How to Buy a Pos Device?

In order to get a POS device, you need to submit these documents to the banks:

Business Tax Registration

Business register of the business

One bill in your name (electricity, water, natural gas etc.)

Business license 

Signature circular for individual companies or author's certificate of authority

Original and photocopy of the identity card belonging to the company official who made the application

All partners have a separate ID card if they have business partners 

Notarized or room approved signature statement

Virtual POS

The POS-like structure used by e-commerce sites to receive payments is called virtual pos. Virtual POS can also be taken from banks. Banks also need to communicate with banks for virtual pos for ecommerce sites and similar sales channels. There is also a share in this field in the world and successful fintek applications such as iyzico. Those who say that I want to get virtual pos without having to deal with banks are using these initiatives as virtual poses if conditions are suitable for them.

Contactless payment

In addition to the classic withdrawal of credit cards, many POS machines and credit cards have now become contactless payments. So you can pay 50-100 pounds by entering your card to the POS device without entering a password.