Although many consumers still use banknotes and coins to pay for their purchases, the transactions cashless (without the aid of physical cash) account for an increasing share of face-to-face payments.
This is emphasised in the transactional report REDUNIQ Insights for the past year, which tells us that the number of transactions using the contactless totalled 75%, 9% more than in 2021.
This growth and spread of contactless payments turned out to be extremely important for the sales of national businesses, as the weight of contactless in turnover totalled 56%, 10% more than in 2021 and 50% more than in 2019.
However, in order for a business to receive contactless payments by card, smartphone.., digital wallets or even by PIN, you need to have in your possession a Multibanco Terminal / TPA Multibanco, better known as a automatic payment terminal (TPA).
What is an ATM Terminal and what are its features?
An ATM terminal is a device/machine that reads Portuguese and foreign bank cards for electronic payments after entering a PIN or by proximity (contactless payments by card, smartphone or smartwatch).
As soon as the card is inserted or brought close to the ATM machine, the machine will collect the information on the card in order to authorise the processing of the payment transaction or not.
The maximum limit for payment by ATM is 100,000 euros, however, the from 50 euros for contactless transactionsYou will need to enter your personal code.
How does the ATM work?
The whole process of paying via an ATM terminal is simple and quick. If the customer wants to pay with a contactless card, all they have to do is insert the card into the slot and enter their PIN code. In the case of a contactless operation, the customer simply brings their card/smartphone/smartwatch closer to the terminal and, in a few seconds, the operation is finalised.
In addition to the payment itself, these terminals make it possible to request the holder's signature, print vouchers and, in the most technologically advanced POS terminals, also reservations (such as booking a table in a restaurant, for example), MB WAY and digital wallet transactions, management and invoicing apps integrated into the terminal and even the development of specific and differentiated applications for each type of business.
These differences in functionalities and features between terminals are clearly evident in the three solutions from physical payments from REDUNIQ - REDUNIQ Easy, REDUNIQ Smart e REDUNIQ Soft.
REDUNIQ Easy
Businesses that have never accepted card payments or have a lower volume of transactions and are therefore looking for an ATM that suits their business have REDUNIQ Easy an excellent solution.
As well as being free, this POS has no fees or commissions and allows the business to accept debit and credit card payments simply and securely via PIN, contactless transactions and MB WAY, providing its customers with a faster and more differentiated service.
With REDUNIQ Easy you'll have a monthly fee tailored to your business, where you'll only pay a fixed monthly amount according to your business's monthly turnover.
REDUNIQ Smart
With the REDUNIQ Smart we are entering a completely new generation of terminals. If you want to make your business more mobile and digital, REDUNIQ Smart is the answer you're looking for.
As well as allowing a business to accept contactless payments by card, chip, MB WAY, Google Pay and Apple Pay, this terminal also comes with a set of built-in management apps which has completely revolutionised the way businesses are managed and invoiced.
REDUNIQ Soft
If REDUNIQ Smart provides a completely portable ATM payment terminal, the REDUNIQ Soft takes this idea even further by becoming the first solution that allows you to receive payments via your smartphone.
In practice, REDUNIQ Soft enables any business to accept payments quickly and easily via a secure smartphone app.
From the moment the business contracts this digital POS and installs the application on the retailer's smartphone or tablet, these same mobile devices automatically become real Android POS terminals, which are immediately ready to start receiving card payments via Contactless, MB WAY (QR Code, mobile phone number or NFC), Apple Pay and Google Pay.
Advantages of a ATMs for your business?
The advantages of offering customers ATM terminals are immense and include, first and foremost, a higher number of sales and a higher average ticket (average amount spent on each purchase), but they don't stop there.
- Easy payments for customers (no need to enter a personal code for contactless payments up to €50) and companies (payments are transferred electronically to the company account);
- Acceptance of payments by national and international cards, contactless, Google Pay, Apple Pay, MB WAY and QR Code;
- More efficiency in receiving payments, avoiding cheques with forged or missing signatures;
- Smooth transactions with account credit on the next working day;
- Greater security, with less cash on hand;
- More simplicity, with fewer bank deposits made and change in hand;
- Access and visualisation of transactions carried out on the terminal screen;
- Access to a back-office to manage functions such as remote closing, returns, transaction history and more;
- Possibility of making returns without the card being present;
- A more digital service, without the need to print tickets, and therefore more sustainable;
- Sending the receipt and/or invoice to the customer's email address;
- Not only do they convey an image of modernity and innovation, but they also meet new consumer and payment habits.
- Accept payments anywhere, wherever your business is (REDUNIQ Soft).
Costs of a ATM?
The cost of a payment terminal will depend on the functionalities and specifics of the contract.
In the case of REDUNIQ EasyThere are no fees, commissions or delivery costs.
In terms of the monthly fee, this will always be adjusted to the business's turnover as follows:
- 15 euros monthly fee for a monthly turnover of up to 2,500 euros;
- 30 euros monthly fee for a monthly turnover of between 2502 and 5 thousand euros;
- 45 euros monthly fee for a turnover of between 5001 and 7500 euros;
- 50 euros monthly fee for a turnover of 7501 euros or more.
For its part, the new Android digital terminal REDUNIQ Soft waives the TPA monthly fee.
Regarding REDUNIQ SmartAs a payment solution that can be adapted to the needs of each business, you should get in touch to find out more about the costs of this terminal.
How to order?
Join any of the three physical payment solutions The REDUNIQ we're talking about is extremely simple, all you need to do is call 21 313 29 15 or send an e-mail to REDUNIQ.comercial@unicre.pt.
