Introducing the UCPB Point-of-Sale (POS) Cash Out Service. Powered by BancNet, this service enables your customers to withdraw cash from their ATM cards even without an ATM machine in your premises. All you need is a POS Cash Out terminal from UCPB.
How does the POS Cash Out Service work?
Similar to withdrawing cash from an ATM, your customers will simply have to dip their ATM cards into the POS Cash Out terminal installed in your premises, enter their PIN, and the cash will be dispensed manually by your cashier.
Can my store avail of the POS Cash Out Service?
Financial institutions such as rural banks can avail of this service and enjoy the following benefits:
- Additional income: As a POS merchant, you will earn for every cash withdrawal transaction processed through the POS cash out terminal from service fee charged to the cardholder.
- Increased foot traffic: More customers will be drawn to your establishment especially if there is no nearby ATM in your area.
- Secure cash handling: Instead of being burdened with too much cash in your premises, the cash dispensed through the POS Cash Out Service will be automatically deposited to your account, lessening your trips to the bank for cash deposit.