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9/05/2008  

  INTRODUCING POS TERMINALS
A POS terminal is the device that is used to process card transactions made with a debit or credit card, such as Visa or MasterCard. When using a POS terminal all card transactions are processed electronically in a modern and convenient way, thus avoiding the need to work with cash. For hotels, restaurants, shops, etc., a POS terminal provides a tool to increase sales and business volume by enabling you to reach an ever-increasing customer base. For cardholders, there is no need to carry large amounts of cash.

POS TERMINAL USAGE
The use of a POS terminal to make purchases is now common in most of the world. Card purchases (through a POS terminal) have in most instances replaced the need to purchase with cash. This process has now successfully started in Albania as well.

WHO USES POS TERMINALS?
An increasing number of different types of merchant now use an ABA POS terminal and new terminals are being installed every day in shops, hotels, restaurants, travel agencies, supermarkets, gas stations, medical clinics, etc. (see list of POS Merchants) Presently, there are ABA POS terminals in Tirana, Durres, Korca, Elbasan, Fier, Vlora, Lushnja and Gjirokastra with plans to expand even further in the future.

WHAT ARE THE BENEFITS TO A MERCHANT OF INSTALLING A POS TERMINAL?
  • A POS terminal helps to increase your sales and business volume by enabling you to reach a wider customer base.
  • Customers can spend more because they are not limited by the amount of cash they carry.
  • It eliminates the risk to you of handling large amounts of cash.
  • All card transactions are automatically credited to your ABA account.
  • It presents a modern image of your business to both existing and potential customers.
  • It provides you with an international base of customers who are used to making card payments, instead of using cash, thus enabling impulse purchasing.
  • It helps you develop a closer relationship with the Bank for all your present and future needs.
  • ABA POS terminals accept all Visa and MasterCard card products.
WHY CHOOSE AN ABA POS TERMINAL?
  • The American Bank of Albania is presently the only Albanian bank licensed by both international card companies, Visa and MasterCard, to accept all their different card products on its POS terminals.
  • An ABA POS terminal will accept all card transaction using a Visa, Visa Electron, MasterCard or Maestro card, either with a magnetic stripe or with CHIP technology.
  • With ABA you can maintain all your card purchases through a single account.
  • ABA POS terminals bring you the latest POS technology and a full menu of options.
  • All POS terminal communication costs are completely free of charge to you.
  • ABA POS terminals are provided free of charge to you (except for the GSM terminals)
  • We provide you with continual onsite and seminar training as well as technical assistance 24 hours a day through our Helpdesk service.
HOW DO I GET AN ABA POS TERMINAL?
The first step for any merchant interested in using an ABA POS terminal is to give us a call. We can then meet with you at your place of business and provide you with all the necessary information to get you started. We can tell you more about how a POS terminal operates as well as explain more about its benefits to your business.

WHAT ARE SOME OTHER REQUIREMENTS?
  • The merchant much have a consolidated and reputable business
  • Must have a considerable turnover volume
  • Ensure technical operating conditions for the POS: a telephone line, electricity socket, etc.
  • Posses or open a current account to process all card transactions.
WHAT IF I DON’T HAVE A FIXED TELEPHONE LINE?
That is not a problem. ABA is the only bank in Albania to offer POS terminals with GSM cell phone technology. A POS terminal with GSM can be used anywhere where fixed telephone line infrastructure is lacking. However, please be aware that the GSM POS terminal has an additional monthly cost due to the fact that the GSM service and the POS equipment itself are more expensive.

TARIFFS & COMMISSIONS / TARIFAT DHE KOMISIONET.
The Bank does apply a commission for every card transaction. The commission rate is different depending on your type of businesses as well as your turnover. These are separated into:
  • Hotels, restaurants, boutiques, etc.
  • Travel agencies, book shops
  • Supermarkets and gas stations
 
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