Point of Sale (PoS)

  • PoS or Swipe Machine as it is popularly known is a technological instrument provided to a Merchant Establishment to carry out the sale of goods or services to customers in a cashless environment
  • Transparent and speedy payment solution at the counter
  • Payment at door step of customers
  • Spending less time at checkout counters
  • User friendly handling experience
  • Auto-settlement system
  • No worry of saving printed charge slips as it is saved electronically
  • No Security Deposits
  • No Annual Maintenance Charges
  • No Charges for installation / replacement / conversion of terminals
  • No Charges for Paper rolls
  • Free daily e-statement / SMS Alert
  • Faster Application process and terminal installation
  • Settlements on T+1 basis
  • Helpdesk with assured TAT
  • No Hidden charges
  • Monthly Rentals
    • Starts from “Zero” rental plan up to a maximum of ₹1,290/- based on merchants’ monthly PoS transactions and Monthly Average Balance.
  • Merchant Discount Rate (MDR)
    Type of Cards *MDR
    Classic, Standard and Gold cards 1.80%
    Premium cards 2.00%
    Discover & Diners Club International Cards 2.75%

    • For Debit Cards
      For Debit / Prepaid Cards Issued by Visa / Master / Mastro
      Merchant Type
      Small merchants
      (with turnover upto ₹ 20 lakh during the previous FY)
      Other merchants
      (with turnover above ₹ 20 lakh during the previous FY)
      0.40% + GST
      (MDR cap of ₹200/- + GST per transaction)
      0.90% + GST
      (MDR cap of ₹1,000/- + GST per transaction)

      For Debit / Prepaid Cards Issued by Rupay
      MDR NIL
    • For Credit Cards

* May vary based on value of accounts

  • We encourage supplying of PoS terminals in bulk to shopping malls, chain stores, educational institutions, training centres etc, with concessional pricings on monthly rentals and MDR, depending upon the turnover and Monthly Average Balance of the merchants. Higher the turnover & Monthly Average Balance lower the pricings.

For more information / negotiation on pricing for bulk supply, please feel free to reach us through the following communication modes;

Address Contact No. E-Mail

Tamilnad Mercantile Bank Limited., (H.O),
Operations and Services Department,
No.57, V.E Road, Thoothukudi-628 002

98421 10149

0461- 2326338