Paymash Selforder

Such a device is used for cashless payment at a point of sale. During the payment process, it checks a debit card or credit card for card blocking and remaining credit. It then reports the result of the check to the POS (point of sale) system. The first such devices were used for the first time in the 1970s in the USA.

The payment process is as follows:
 

1. The amount owed is entered into the terminal or transferred directly.
2. During the payment process, the payment card is inserted into the reader of the card terminal or, in the case of contactless payment, held up to the NFC symbol.
3. The validity of the card is then checked. The process only continues if the card is authorized and has not yet expired.
4. The PIN is entered using a special keypad.
5. The data is compared with the bank and checked to see if there is a credit balance. At the same time, the cardholder is verified.
6. If all steps have been approved by the bank, the amount is debited from the card account.

Paymash card readers only have to be paid for once. There are no fixed costs. The cheapest devices cost less than CHF 50 / EUR. Only the individual transaction fees are added. 

The Paymash POS solution is TSE-capable and therefore tamper-proof. The devices are certified (EMV and PCI) and the system is certified by the tax authorities.

Contactless payment has the following advantages over cash:
 

• Faster sales processing
• Safer to use
• More hygienic
• No counterfeit money
• Customers are more willing to buy

The wide selection can be quite overwhelming. To make the right decision, there are a few things to consider.

• How long is the contract period? 
• Are there fixed monthly costs?
• How high are the transaction fees?
• Are there any other costs, e.g. for the SIM card?
• Which cards are accepted by the provider?
• Can the devices only be used stationary or also mobile?

 
The advantages of Paymash:
 

• Low transaction fees
• No hidden costs
• Monthly notice period 
• No fixed costs 

Yes, Paymash is fully compatible with all requirements for Switzerland and Austria. 

Card payments are generally secure as they use strong encryption and security protocols. Our website or business partner will ensure that your payment information is protected.

Card payment is an electronic payment method that allows customers to pay for their purchases or services using debit or credit cards. The transaction is made via a card reader, which reads the card data and debits the payment amount from the customer's account.

After you have used your card, the amount due will be debited from your account. This amount will appear on your card statement, which you will receive at regular intervals.