What is Paytm POS Machine?
Digital Payments Company, Paytm has Introduced its All in one Android POS device called Paytm POS machine or payment acceptance gadget, which will support smaller vendors, including kirana stores, acknowledge payments through cash, Paytm wallet, charge and Visas and Unified Payments Interface (UPI) applications.
The company’s All-in-One Android POS machine empowers vendors to acknowledge payments not just by means of advanced modes, for example, the Paytm Wallet, UPI based applications, Debit, and Credit Cards yet in addition through money, it further said. As indicated by the company, the pos machine likewise permits merchants to produce and print GST agreeable bills utilizing its in-manufactured printer, examine things, and deal with all types of exchanges through their ‘Paytm for Business’ application at one go.
Key Features of the New Paytm POS Machine
– Universal code support that works on all contact and contact-less payments
– The device comes with billing software and customized solutions for different industry sectors ranging from ticketing, catering to parking among others
– The pos machine features an in-built printer, a scanner and generates bills
Paytm POS Machine Charges for Transactions?
Paytm said that as of now, it does not levy charges from customers on any payment method including cards, UPI and wallet. Earlier, The Economic Times reported that Digital India Payment App will now start passing on Merchant Discount Rate to consumers as banks and card companies charge the same on digital transactions.
“Over the past 18 months, we have invested a lot of time in understanding the needs of small businesses around digital payments. Today, we are launching this incredible Paytm All-in-One POS device with a super sleek android form factor with cloud services. This device offers a comprehensive business tool right on the desk of millions of small businesses,” said Vijay Shekhar Sharma, founder & CEO of Paytm
“What Paytm is doing is exactly what we envisioned which is democratizing payments. And nobody has done a better job than them. Paytm All-in-One Android POS machine is a very important device. We do have multiple options and this device brings all together,” Nilekani, also the founding chairman of Unique Identification Authority of India (UIDAI), said.