Various providers in the market are currently offering point-of-sale (POS) systems to the merchant. Checkout Point Systems is a company incorporated in Dubai Silicon Oasis (DSO) and as an enterprise solution provider has built and implemented systems across GCC. The firm has e-implementations of POS and M-POS in collaboration with
Checkout Point came across Poynt Smart Terminal while searching for a terminal that has the capabilities to provide POS functionality and accepting card payments in a single device. It was at that moment where the firm conceptualised ‘Checkout – The Point of Business Solution’, which can allow billing and accepting card payments at
Mashreq Acquiring Services has always prided itself on its innovative, pioneering spirit. Over the past 40 years, it has been consistently ahead of the competition in the development of new products and services. Most of the professionals in the industry have come across with the Poynt products but were not able to identify the right proposition for the market or were never willing to do so. Mashreq Acquiring Services was more than excited to introduce this solution and with a partner like Checkout Point Systems they are able to present it as Checkout, an overall point-of-business solution tending to all the IT requirements of a Merchant. Checkout Point’s knowledge in terms of enterprise solutions was critical in addressing IT needs of a small-scale retailer to a large retail chain. Mashreq Acquiring Services can now offer merchants with a composite solution no matter their size.
As an enterprise solution provider, Checkout Point understands bigger retail chains have large enterprise solutions in place and cannot shift to the new solution immediately. So, for them, the firm was able to design an easy system that allows ‘plug and play’ of Poynt Smart Terminals. The cost advantages of purchasing a Poynt Smart Terminal versus the bulky POS hardware and card terminal is noteworthy.
A nominal POS setup will cost a merchant around Dh5,000, minus the cost of software for POS and accounting. Banks can charge anywhere around Dh1000-2000 in fees for merchant setup. Checkout Point Poynt Smart Terminal is priced at Dh3600 and comes with 3-year accidental damage protection and warranty.