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What is an offline POS terminal or PIN Pad?


Question

What is an offline POS terminal or offline PIN pad?

Answer

An offline POS terminal or offline PIN pad is a non-face-to-face payment method used to charge credit and debit cards in an unsecured mode. That is, generally the usages of POS terminals requires the presence of the cardholder to be able to swipe it through the machine or introduce the PIN code manually to validate the operation. Offline POS terminals and offline PIN pads do not require the physical presence of the cardholder since the card brand, card number, expiration date and CVC code can be entered without the client. 

Offline POS terminals or offline PIN pads are very difficult to contract since they involve a high fraud rate. In order to apply for one for your business make sure your business has an impeccable reputation and you are ready to leave a rolling reserve in a favor of the bank for some period of time. 

In the following video you can see how offline POS terminals or offline PIN pads can be used to charge credit cards without the presence of a cardholder, only having the information that the client can provide by phone. 


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gennaro coccciolla
Dear, I would be interested in opening a foreign company, I deal with cryptocurrencies, mining, forex trading and consultancy in the sector. I also request a POS account with the off-Line mode, so where the POS has no line, yes they can accept payments. I am available to open where there is the possibility of having an off-line POS
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Admin

Dear Gennaro, The range of the activities that you have mentioned is very wide and you might be asked to register at least two companies, one for financial consulting and another one for mining. 

For offline POS terminal the bank will ask you for a website that he will analyze and also a short description of geographical territories and potential clients that you will will be charging with it. Also you will be asked to complete a process of KYC

If you have any further questions, please contact us via email or Skype (the information can be found on home page of our website). Regards

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Vitale
Dear, I would be interested in opening a foreign company, I deal with the sale and brokerage of metals and consultancy in the sector, I also request a pos linked to the account with the off-Line mode, so when traveling or where the POS has no line, yes they can accept payments. I am available to open where there is the possibility of having an off-line pos
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Admin

Dear Vitale, in order to provide you with a payment gateway (POS terminal), company formation and bank account to collect the payments we will need you to provide us with the following information: the website of your business, nationality of shareholders and short description of the commercial activity and potential countries of sales. You can contact us with this information via our contact us form or Skype.

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