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Failed POS Transactions: How to Avoid Losing Your Hard Earned Money to Banks(Merchant's Perspectives) | Steeple Global Services
Merchants lose lots of money when using POS devices/systems to take payments for goods sold or services rendered. Some reasons for that include genuine, but time-bad and false chargeback claims, ineffective control, reconciliation and review of POS transactions proccess and manual interventions (from the banks' end) when crediting customers accounts with previous day's POS proceeds.