Have you ever purchased goods at a supermarket or shop and paid by inserting your card into a handheld machine? If you answered yes, then you have participated in a point-of-sale event.
What is POS?
The point of sale (POS) is the time and location where a retail transaction occurs. For retail operations, the delivery of goods, accrual of sale, and payment all happen in one event, which is usually called the "Point of Sale (POS)". Fincra's POS system allows your business to accept payments from customers and keep track of sales.
What is a POS terminal?
A POS terminal is a hardware device used in retail outlets to handle card payments. Embedded in the technology is software that can read the magnetic stripes on credit and debit cards.
Note: The image above depicts a POS terminal in use
Fincra's Cashout API is suitable for developers looking to create their point-of-sale solution for in-person payments such as airtime bills, cash withdrawals(including card and transfer), electricity bills, etc. The Cashout API allows you to integrate our card reader devices and the Fincra POS payment flow into a customized POS machine that meets your specific needs.
No matter what kind of business you run, if you want a POS system that is perfectly tailored to your needs, you can use the Fincra cashout API to process payments without having to build your payment flow from scratch.
Using our cashout API, You can see all of your transactions in your Fincra Portal. Our Cashout API is PCI-compliant, we have competitive rates, and we pay merchants quickly.
How to Access the POS terminals and Cashout API
To access the cashout API, you will need to have your API key. Which can be obtained from the integrations team. Fincra can also provide you with a brand new POS machine, which will be configured and set up for you to use.
To access the API reference where you can view all the endpoints and their descriptions please click here.
Updated 8 months ago