Posatrax System Overview

 

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Posa Agent F.A.Q.

About Payspot

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LIGHTNING FAST TRANSACTION TIMES!   Thanks to ongoing research and development, PAYSPOT has broken yet another speed barrier in transaction times making the PAYSPOT POSA System a MUST for high volume merchants. Even our lowest cost terminal, the Verifone Zon Jr XL, performs transactions in a blazing 10 SECONDS making the PAYSPOT system an absolute must for high traffic merchants!!

NO MORE TERMINAL DOWNLOADING WITH OUR NEW OMNI 3750.   Now you can place the latest and greatest new terminal from Verifone for NO UP FRONT COST! This terminal also SIMPLIFIES your life because all product updates are done REMOTELY! Lease programs also available. Call today for details.

WEB & TERMINAL REPORTING UNMATCHED ANYWHERE.  TERMINAL REPORTING. Daily reports, Shift Reports, Weekly Summaries, Bi-Weekly Summaries and more are available with a few keystrokes. WEB REPORTING. Intuitive and sensible. The Merchant Detail report provides a cross check with the Terminal Report to ensure the merchant is being charged correctly and can be easily printed for good record keeping. Chain stores are provided with an additional Summary View which consolidates sales data concisely.

COMPLETE ACH MANAGEMENT.  The PAYSPOT POSA Financial System operates on a WEEKLY cycle, simplifying your life greatly. Our accounting period goes from Sunday to Sunday (midnight to midnight). Merchant accounts are not debited until Wednesday, giving you plenty of time to make cash deposits, print reports, etc. We also offer Bi-Weekly ACH for high-liability accounts. Bi-Weekly Accounts are debited on Fridays for Mon-Weds sales and on Tuesdays for Thurs-Sun sales. We always notify you immediately (24-48 hours depending on the Merchant's bank) of any ACH Returns so you can take action promptly.

TOTAL BACK OFFICE MANAGEMENT.  PAYSPOT's hierarchical POSA reporting and management system at www.posatrax.com is the most sophisticated of its type in the industry, allowing total control at every management level, whether your organization is a corporate entity with divisional and district managers, or a more loose structure with master agents and sales reps. Our system is simple, intuitive, and powerful. We do everything for you, from ACH processing to automatic LD card replenishment. Sales support materials from specialty signage to handsets are available through our ONLINE ordering system.

DIRECT RELATIONSHIPS WITH THE MAJOR WIRELESS CARRIERS.  PAYSPOT has national distribution agreements with all the major and Tier 2 wireless carriers throughout the United States, strong partnerships in the LD markets and solid relationships with a multitude of electronic product and service providers. Our success is a direct result of providing state of the art solutions that deliver the nation's most desired prepaid products to the end user in multiple, unique retail environments. Our current list of 20+ wireless carriers continues to grow rapidly and we are working to make online connections not only with the nation's leading LD providers, but also the wireless carriers.

AUTOMATIC LD CARD REPLENISHMENT.  With wireless, customers do not need a hard card to carry around in their wallets because their PIN numbers are simply loaded into their handset. Some LD card customers do prefer a durable LD Calling Card. With PAYSPOT, they have one -- and merchants don't have to worry about keeping them stocked because they are automatically shipped to the merchant as needed. We can also dispense LD PINs to a Thermal Printer or to a paper receipt.

NO INVESTMENT IN CARD INVENTORY.   Merchants and distribution companies greatly benefit from our POSA Programs because their cash is not tied up in inventory. Theft is not a problem anymore because there are no live cards hanging in the store.

NO HASSLE WITH WIRELESS HARD CARDS.  With PAYSPOT, you don't have to deal with Hard Cards for the various Wireless Carriers. All information that your customer needs is simply printed on a receipt. That's it! With our system, you can sell a multitude of PIN-based products, with NO PHYSICAL INVENTORY -- every merchant's dream.

USE EXISTING CREDIT CARD TERMINALS.   PAYSPOT can reprogram your Verifone OMNI 3750, Tranz 460/380/330 to sell our products. Support for Linkpoint, Hypercom and others is coming soon. These programs are EASILY downloaded into your terminal via a phone line or Back to Back Cable which we provide.