How can POS Express make my business more profitable? POS Express can save you money over comparable bank systems and offer you the opportunity to turn a recurring expense into a new revenue source for your business. We allow you to save money or even make money from transaction processing through setting your own surcharge amount, and offer cash back as an option to your customers. What is a surcharge fee? It is a fee added to a consumer’s bill in return for the convenience of using a debit card for either the purchase of goods and services or the disbursement of cash-back. A convenience fee is one of the ways to profit from the operation of your POS system. The decision of the surcharge amount or whether to have a surcharge at all is completely up to you. Do POS Express Terminals have any special technical requirements? No, our regular terminals simply require a phone line and a power outlet to plug into. The wireless terminals simply require a data SIM-card that can be purchased at Rogers or Fido.

How does POS Express Terminals affect my current banking relationships?

• POS Express accepts all of the same cards that bank systems do and deposits all of your sale proceeds to the same bank accounts that you already have set up. We work with every financial institution in Canada and give you the freedom to switch banks and strive to ensure that you always have the best rates.

Do I have to offer cash back? Can I set a limit on the amount of cash back I offer?

• The decisions of how much cash-back to offer or whether to offer cash-back at all are completely up to you. Maximum and minimum cash-back limits can be set or turned off according to your specifications.

What is the "per transaction" or “haulage†fee?

• The "per transaction fee" or “haulage†is a nominal charge for processing each transaction through your merchant account service.

How often will I receive funds from POS Terminal?

• Your payment will be processed as soon as you decide by a simple function choice on the POS terminal. POS Express will transfer funds from your merchant account to any checking account you designate within 1 business day.
  

What credit cards will I be able to accept?

• You’ll be able to accept Visa, MasterCard and American Express. In addition, you’ll be able to accept debit cards that carry a Visa or MasterCard logo and purchase cards.
  

What is a merchant account?

• A merchant account is a special account that allows your business to accept credit cards as a payment in person, over the telephone, by mail order, or over the Internet. You must have a merchant account if you want to be able to accept credit cards from your customers. POS Express provides you with a merchant account