POS simply stands for Point-of-Sale. You will hear few different names: debit machine, interac machine, credit card terminal, point of sale terminal, and so on.
In the end, there are basically only 3 different types of Debit machines when it comes to retail face-to-face processing in Canada.
- Dail-up Debit Credit Machine – this is where the terminal is connected to a phone line. You can use them in tandem with fax or existing phone line, but note you can not transact at the same time as being on the existing line. This is fine for low volume businesses where you under 20 transactions in a day.
- IP Debit Credit Machine – this is where the terminal is connected to your high speed internet. It allows you to have a uninterrupted line and makes for fast transactions (5-10 seconds).
- Wireless Debit Credit Machine – this is where the terminal has a SIM card and connects to the cellular phone Data networks. It is the same data plan that comes when you have internet on your smart phones. This type of terminal allows you to transact anywhere there is network signal. Perfect for mobile businesses.
Guarantees:
- We offer terminals from as low as $29.99/month.
- Buy-out right from as low as $999 (with life time warranty included)
- Financing is guaranteed to everyone regardless of your personal credit score.
- 100% approval on all debit processing orders.