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The POS terminal offers a convenient, easy, and reliable method for processing payments.
The installation of POS terminals from Byblos Bank Armenia is free, and if you opt for the mPOS terminal, FlexiPOS, the phone will be provided free of charge.
Alongside a traditional POS, businesses can integrate a POS terminal into their cash register for easier sales, or set up a vPOS (virtual POS terminal) on their website to facilitate online sales.
Customers, meanwhile, will have the option to pay using their VISA, Mastercard and ArCa payment cards.
For cashless transactions via POS terminals, Byblos Bank Armenia offers advanced equipment and technology that comply with international standards, ensuring high levels of quality and security.
The installation of the POS terminal takes up to 5 business days, and there is an option for emergency installation as well.
Today, POS terminals are essential for businesses of all sizes. They streamline transactions, expedite payment processing, and enhance service quality.
POS terminals offer several advantages, helping to:
- Remain competitive in the digital marketplace
- Boost turnover
- Provide customers with convenient payment options
- Enhance service quality
- Manage financial resources more effectively
Traditional POS terminals can process payments from EMV chip and magnetic stripe cards, as well as cards with NFC technology, and accept payments through electronic wallets like Apple Pay and Google Pay.
The terminals are connected via a mobile network, the costs of which are covered by the Bank.
Once the contract is signed, the Bank's specialists visit the designated service point to install the POS terminal, configure the necessary software, and provide training for cashier-operators free of charge.
The Bank provides a user guide for the POS terminal, logos of supported card types to be displayed at the point of sale, and offers technical maintenance for the device.
| Card type | Tariff |
|---|---|
|
ArCa
|
1.75%
|
|
Mastercard and Visa issued in RA
|
2%
|
|
Cards issued outside RA
|
2.5%
|
Byblos FlexiPOS is an application for accepting contactless payments, which legal entities and entrepreneurs can download to transform a regular smartphone into a POS terminal.
The service can be activated on NFC- and Internet-enabled Android phones. It is designed to accept payments from contactless cards as well as Apple Pay, Google Pay and other digital wallets.
The app is suitable for any type of business, from grocery and vegetable stores to cafes and other catering facilities, from delivery services to small outlets and outdoor stores.
The mobile POS terminal comes with a number of advantages: it is user-friendly, generates electronic receipts instead of paper ones, ensures secure and fast transactions.
| Card type | Tariff |
|---|---|
|
ArCa
|
1.3%
|
|
Mastercard and Visa issued in RA
|
1.5%
|
|
Cards issued outside RA
|
2.2%
|
A vPOS (virtual POS) terminal is a system designed for processing payments via a website. It provides a convenient solution for stores and brands looking to sell their products and services online.
vPOS allows businesses to:
- Expand the availability of their products and services to a wider audience
- Enter the international market
- Enhance the customer shopping experience
- Boost sales volume and revenue
- Analyze the preferences of website visitors
- Monitor and manage transactions
The Bank also offers complimentary technical support and service.
| Card type | Tariff |
|---|---|
|
ArCa
|
1.75%
|
|
Mastercard and Visa issued in RA
|
2%
|
|
Cards issued outside RA
|
2.5%
|
In addition to purchasing a POS terminal, a business can also convert an existing cash register into a POS terminal, allowing itself to accept payments and print receipts with just one device.
Accepting cashless payments with this solution is secure, quick, and convenient.
The cash register can also process contactless payments from NFC-enabled cards, as well as Apple Pay and Google Pay wallets.
| Card type | Tariff |
|---|---|
|
ArCa
|
1.75%
|
|
Mastercard and Visa issued in RA
|
2%
|
|
Cards issued outside RA
|
2.5%
|
The service is designed for legal entities and individual entrepreneurs.
To activate the service, entrepreneurs need to visit one of the Bank's branches, sign the Byblos FlexiPOS application form, as well as a contract at a later stage.
In order to access the service, a legal entity or an individual entrepreneur must have/open a bank account with the Bank. The terms of account servicing and provision of statements can be found here.
Before making any transaction with a physical POS terminal, businesses need to make sure that:
- The card is not damaged, not cut and glued together or repaired, no visible damage can be seen.
- The 16 digits on the obverse of the card, the Cardholder's name, and the expiration date are legible.
- The card has not expired. (The card is valid until 12am on the last day of the month stamped on it).
- The signature of the cardholder is present on the reverse side of the card.
If the card is determined to be fake or not belonging to the person making the payment, the transaction must be rejected, while the card should be confiscated, if possible.
When accepting payments through the terminal, businesses are forbidden to store, process or transmit payment cardholder data to third parties or use it for any other purpose.
If a legal entity or an individual entrepreneur has an account with the Bank, they only need to submit proof of address (if it hasn't been provided to the Bank earlier). If not, they must also submit documents necessary for opening an account.
Restrictions on the accountholder to handle the balance of the account, as well as the debiting of the account without the instruction of the account-holder is possible under a court order, based on the decision of the Judicial Acts Compulsory Enactment Service or tax authorities.
According to the law of the RA on Combating Money Laundering and Terrorism Financing and for the proper investigation of the client's profile, the Bank can obtain additional documents or other information as per the Know Your Customer principle, as well as ask additional questions during communication (if need be).
According to an agreement with the United States of America regarding the Foreign Account Tax Compliance Act (FATCA), the Bank may request or gather additional information in order to identify the Borrower’s status as a U.S. taxpayer.
After signing the housing loan contract, you may communicate with the Bank by post or e-mail. The most convenient way for communication is the e-mail, which is available 24/7: the risk of information loss is eliminated, and secrecy is ensured.
