Swipe machine for our shop - which bank to choose

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Last Comment 2016-11-25

2016-11-21

hi guys,
we have a small shop and due to this 500/100 ban, people started asking for swipe and pay but we dont have any in our shop.

so any recommendation for merchant account in bank for swipe machine.
Thanks

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https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705459

sanket55555

2016-11-21

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Have the same query

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705468

chiraggyl170

2016-11-21

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https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705469

AmyG

2016-11-21

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Also one more question by me…
My friend asked for this…

Will it be beneficiary to install PayTM QR code scanner in local general store shop???

Can they give any offers in near future at its installation?

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705489

MovieSeeker

2016-11-21

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@Amit Goyal wrote:

Also one more question by me…
My friend asked for this…

Will it be beneficiary to install PayTM QR code scanner in local general store shop???

Can they give any offers in near future at its installation?

Yep if you got store get Paytm or Freecharge as payment

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705490

sherlock

2016-11-21

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@Amit Goyal Buddy, I will suggest your frnd to go for Swipe Machine, better than PayTm QR Code Scanner.

Chances of any offer is very less i think.

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705503

desibuddy

2016-11-21

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all users dont have smartphone with internet, so swipe machine or EDC machine is better

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705521

AmyG

2016-11-21

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Thnx guys… @MovieSeeker , @sherlock kg to you.

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705528

prateekm03600

2016-11-21

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I would also suggest to see payumoney POS. Its pricing is very lower.

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3705836

panchabhut

2016-11-21

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are you having a current account for the shop? if yes, first check with the same bank for the charges of POS swipe machine. they might give you the most competitive rates. all swipe machines have transaction charges. in contrast, the e-wallets normally do not have transaction charges and only charge for withdrawal to bank. the decision to opt for swipe machine or ewallet, or both, would depend on your customer profile as well as individual transaction values. there are practically no charge of setting up paytm but there are certain charges of setting up swipe machine.
I would suggest that you start with paytm and see the response. if your customers still want swipe machine, you can consider that as a second stage.

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3706128

rc100

2016-11-22

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go for union bank of india or sbi

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3706143

PaytmKaPoojari

2016-11-22

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All big retailers have Plutus/Pine swipe machines .This is provided pine labs . Check their fees and structure .

https://www.pinela...om

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3706473

pentiumd

2016-11-22

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check out payumoney swipe machine

https://www.payumoney.com/mpo...ml

Bank POS :
Avg monthly rental of Rs. 700/Month
Over 3 Years it costs Rs. 25,200
PayUmoney POS:
One time cost of Rs. 8500

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3707936

panchabhut

2016-11-23

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banks own the machine and you pay rental. so in case of machine problem, they will replace without charge. from the model of payumoney it appears that the payment is for upfront purchase. in that case, what happens if there is a technical/hardware problem with the machine.

View 2 more replies

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3706977

cuptaan

2016-11-22

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PayUmoney is good option. Till you get your pos machine, get paytm as option.

Every shop here is using paytm

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3707382

hullaluya

2016-11-22

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Also get registered on UPI, and encourage customers to do so as well. Almost free transfers, directly to your bank accounts. Much better than paytm.

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3707925

panchabhut

2016-11-23

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main problem is many banks, including even SBI, have not linked themselves with UPI.

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3707956

Lootsmafia

2016-11-23

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@Amit Goyal wrote:

Also one more question by me…
My friend asked for this…

Will it be beneficiary to install PayTM QR code scanner in local general store shop???

Can they give any offers in near future at its installation?

Take all the modes of payment which u can….

Only take care that money comes …..

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3710530

axian

2016-11-24

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Paytm will be better option
Apply here: https://paytm.com/business/payments/sign-up#/d....

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3712920

pikkuboss

2016-11-25

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Bro when i try to apply for merchant, It’s showing Internal server error.

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https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3710545

WOLVERINE07

2016-11-24

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@axian wrote:

Paytm will be better option
Apply here: https://paytm.com/business/payments/sign-up#/d....

With Paytm, can we get swipe machine?

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3711447

M.MAHI

2016-11-24

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Apps has enabled feature that can let customer enter his card number and he gets OTP and then payment is made to merchant

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3710633

pratik8989

2016-11-24

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Today show in paper Paytm going to launch POS

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3711733

WOLVERINE07

2016-11-24

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Bro, out of 100, only 10 people will use it. People usually do not enter their card details easily. Flop idea by Paytm

https://www.desidime.com/discussions/swipe-machine-for-our-shop-which-bank-to-choose?page=1#post_3711747

say651

2016-11-24

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Hie
I am also a retailer I have taken swipe machine from Ongo there plans are really good. There is a lifetime free rental plan which cost rs. 20700 for a GPRS enabled machine. There services are also good.