10 Key Reasons Why Merchants lose money when Using POS machines for Transactions | Steeple Global Services
Merchants (Sellers) lose lots of money on a daily basis when using POS devices to take payments for products sold or services rendered. These challenges are occasioned by the banks, telecoms networks and all the other e-payment solutions providers involved in the POS settlement process. Organizations and entities involved in the POS settlement value chain include Payment Gateways (in cases of in-shop card present and card-not-present transactions), Payment Terminal Service Aggregators (e.g.NIBSS), Payment Terminal Service Providers (PTSPs) the merchant and the merchant's staff