A Point of Sale (POS) terminal is a portable device that allows local debit cardholders make payment for goods and services in a retail environment. Parallex bank POS terminal provides a convenient, modern & efficient means of processing payment online & real-time as value is credited to the Merchants account within 24 hours. These terminals can be used to perform a variety of financial transactions such as:
Vending airtime (recharge)
Balance enquiry
Payment of offerings, tithes, special seeds

The benefits of the POS terminal to Merchants include the following:

Improved efficiency minimizes cash handling and aids reconciliation
Increase in sales as Merchant have access to both cash and card-carrying Customers
Instant confirmation of payment for goods
Reduces cost of Personnel and equipment for handling cash receipts
Reduces exposure to loss due to armed robbery or pilferage by Employee
Eliminates the inconvenience of cheque confirmation and clearing period