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The Covid-19 pandemic has led to a massive shift in the volume of digital payments being made in India, which reportedly saw a five-fold Year on Year (YoY) growth during the financial year 2021-22.

In fact, the country today has more than 100 crore total credit and debit cards in circulation which are being used for about 1.5 crore transactions every day and generating transactional values to the tune of a staggering ₹ 4,000 crore.

A large number of these transactions are facilitated by Electronic Data Capture or EDC machines, which are used for accepting payments across retail outlets. In addition to credit cards and debit cards, the EDC machines also support customer payments through QR codes, UPI, PPB and Net Banking. The cards supported are Visa, Master, Rupay and International Cards too.

Accepting payments on the EDC

Using your Paytm all in one POS to accept QR and card payments is simple. Just follow the below mentioned steps and you are good to start accepting payments using the Paytm EDC machine.

Accepting payments through credit and debit cards

The POS machine can also be used to accept payments through credit and debit cards, which have gained a lot of popularity in the country as people moved to contactless modes of payment after the Covid-19 pandemic. Using the Paytm all in one POS is simple to use and operate to accept payments through debit card and credit cards. All you need to do is follow these point by point instructions:

One of the reasons why credit and debit cards are not preferred by a lot of people is due to the inflexibility they offer in terms of refunds or cancellations. Unlike cash payments, where the disputed amount of money can instantly change hands again, transaction reversal used to be a cumbersome process. But, with the Paytm POS machine, this is easily made possible. To cancel a transaction:

Disclaimer: This article has been produced on behalf of the brand by the HTBS team.

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