What are the requirements for a merchant to get a POS machine? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What are the requirements for a merchant to get a POS machine?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Applying requires the following from the business owner:

  • Paying the machine's fees or rent (or obtaining it free of charge under financial inclusion initiatives)

  • Providing a recent commercial register

  • A tax card

  • A lease or ownership contract for the premises

  • Opening a company bank account so that the machine's sales are transferred to it automatically

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