Paymate’s PayPOS : Mobile app to Accept Card payments!
PayMate India Pvt Ltd has officially launched an application that enables small businesses to accept and process electronic transactions (using credit and debit cards) directly on their mobile phones at the point of sale (POS) itself. The app is called PayPOS (mixture of Pay+POS) and it has no setup fee, rentals, variable fees or minimum transaction limit.
PayPOS: How it works
Once registered as a merchant, you will be provided a Merchant ID (MID) and a Device ID (DID) that will enable you to use your mobile phone as a POS device and have your Merchant name show in the customer’s card statement. To charge a customer, simply enter his/ her 10-digit mobile number and amount to be charged on the screen. The customer then simply enters their credit card details and 3D secure password. Once the customer has entered the details, the transaction will be processed within a few seconds.The app is free to download (supports Visa and Mastercard credit & debit card payments) and the only fee that will be charged is the regular credit card transaction fee (i.e. 2.95% of the transaction+ tax).