PIN Debit Solution for High-Risk Retail Businesses
Prineta introduces PIN debit, our latest debit payment solution for high-risk retail businesses which are unable to obtain a high-risk merchant account and get approved to process credit cards. Unlike the popular Point of Banking (POB) aka “cashless ATM” solution, with PIN debit there are no monthly fees, no setup fees, no discount rates or transaction fees to merchant, no cash back after purchase required and no $5.00 increments required. How does it work? Just like a normal debit card purchase, only an additional $3.00 is added Cardholder swipes card or inserts chip card Enters PIN, acknowledges they will be …