![]() ![]() FNB GEO PaymentsĮasily send and receive money between FNB account holders. Bonus: Also has online payment gateway functionality. You may incur additional costs to implement Masterpass for online or in-app purchases. Merchant fees would be negotiated between the merchant and your bank. The great feature about this product is you don’t have to buy or rent a card machine and you can present your QR code to customers in countless scenarios. Masterpass is available for both Nedbank and Standard bank account holders. Masterpass users can also scan SnapScan QR codes as its all integrated and the team has plans to integrate more payment gateways in future. Clients scan your QR code and pay via the Masterpass App. Masterpass works in the same ways as Snapscan or Zapper. More info at .za Bonus: Also has online payment gateway functionality and Signup fee of R250 has been removed for the period of the pandemic. Users simply download the SnapScan user app, setup their details, scan your barcode and complete payment. Thus no need to worry about limiting your business transactions. SnapScan also has a large adoption rate by many businesses and consumers in South Africa. No monthly fees or minimum spend, just a standard 3% transaction fee is charged. SnapScan has solutions for physical locations and online. Customers download the app and complete the payment via scanning a QR code, with no extra hassle to you. SnapScan is a payment solution that essentially turns your customers smartphone into a portable point of sale device. Device-free mPOS solutions for small businesses 1. Although some vendors do offer a rental option.īoth device and device-free mPOS card payment solutions come with software suites to keep track of transactions. ![]() mPOs devices usually have to be purchased which keeps down monthly charges. However, customers don’t have to have any extra apps installed or prerequisites to complete payments they just swipe, insert or tap their cards to complete payments. Physical mPOS devices are usually standalone and work with sim cards for connectivity, or integrate with a smartphone app to help complete payments from the vendor’s side. ![]() Vendor apps are usually free of charge to download for Android or IOS devices however, merchants are typically charged a sign-up fee. Device-free solutions generally accept contactless payments which is always a pro. Customers will usually have to have an app installed on their phones which is set up with all their card details and would scan a QR code to complete the transactions. There are two main types of mPOS solutions available, device-free solutions and dedicated mPOs devices.ĭevice-Free solutions usually work with payment apps integrated on your smartphone or tablets. Different types of mPOS available in South Africa Making use of mPOS is also much safer than accepting cash payments and will help your business comply with COVID-19 protocols. Some of these solutions also have non-contact payment methods available so they which is definitely handy during the reign of Rona. Most South African banks and card terminal providers have introduced some type of mPOS solution so small businesses have access to card payment solutions. Transaction fees are also usually kept at a minimum with these devices. ![]() They also come with supporting software that integrates with your smart device so you can keep track of all your sales and income. Mobile point-of-sales or mPOS is a mobile device such as a smartphone, tablet or dedicated wireless device that performs the functions an electronic point-of-sale terminal or card machine. The good news is that most card payment providers have recognised this and a range of mobile point-of-sale systems, also known as mPOS is available on the market.
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