POS Machine, Swipe Machine - Buy Point of Sale Machine Online

Point Of Sale (POS) Machine

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

Quick Installation

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

Eligibility Criteria

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?

Sole Proprietorship
Partnerships/Limited Liability Partnership
Private Limited Company
Co-operative Society/Subsidiaries and Associations/Trust/Club
Religious Organisation/ Educational Institute/ Government Body
Public Sector Undertakings
Insurance/Mutual Fund
Non-Government Organisation (NGO/Charitable Trust)

POS / QR Installation Address Proof
Photograph of Shop/Business Premises
License Document/Copy of Shops and Establishments Act Certificate
POS Board Resolution/Partnership Authority Letter/TASC Resolution
Bank Statement of six months(for new customers)
Latest Audited Financials (if available)
Latest available IT Returns of one year

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.

General Schedule of Features and Charges (GSFC) For Merchant Acquiring Services (w.e.f. 1st August 2022)

Particulars		Standard Charges
Annual Maintenance Charges (Per TID)	GPRS / Android / MPOS	INR 1000
	PSTN	INR 2000
	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)	Transaction Volume at MID level	City Tier 1 & 2	City Tier 3 & below
	Zero transaction	INR 350 per month	INR 199 per month
	> 0 and <= INR 10,000 per month	INR 250 per month	INR 99 per month
	> INR 10,000 and <= INR 25,000 per month	INR 150 per month	NA
Lost terminal charges	GPRS / Android	INR 12000
	PSTN	INR 9000
	MPOS	INR 6000
	Sound Box	INR 2000
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
Please Note:
Abbreviations Used: TID = Terminal Identification Number, MID = Merchant 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
AMC , Transaction service charge , Late settlement charges , Low throughput charges ,Deinstallation , Application cancellation charges , Chargeback maintainance Fees , Not applicable in case of sound box