Point of Sale (POS) machine
Accept payments from your customers from your POS terminal
for easy and quick transaction.
for easy and quick transaction.

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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
Every business needs a set of services that form its backbone. Avail these services at special rates negotiated for Kotak Bank only:
The list below is indicative, and based on the availability of the concerned service providers:
For more details click here
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.
Particulars | Standard Charges | |
---|---|---|
Annual Maintenance Charges (Per TID) | GPRS | 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) | 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 | INR 12000 |
PSTN | INR 9000 | |
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 | |
Paper roll charges | As per actuals | |
Processing of refund transactions | MDR Cost + INR 100 per refund | |
Please Note: | ||
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. |
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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 |