How To Legally Purchase, Connect, and Use a POS Machine

Purchasing a POS machine can be complicated, with many legal implications that merchants may not be aware of. We have compiled some vital information to remember to help you navigate the legal requirements of buying, connecting, and using a POS machine.

Firstly, it's important to note that a POS machine should only be purchased for business purposes. Even if you're self-employed, your business must be registered as a limited company to qualify as a POS machine buyer. You will also be required to provide proof of your business address.

When looking for a supplier, doing thorough research and reading reviews is recommended to ensure you're buying from a reliable source. The application process for buying a POS machine can be pretty comprehensive, as suppliers must collect information and submit it to their banking partners or bank acquirers on your behalf.

The bank acquirers are responsible for connecting your POS machine and managing the interest and regulations on transactions conducted with different types of cards. It's important to note that if you purchase a POS machine in the UK or Europe, sending it to another country is illegal. You must also not take the machine beyond the supplier's geographical boundaries.

Once you have received your POS machine, setting it up is a simple process that involves registration, signature confirmation, and unlocking the machine. If you sell a POS machine to someone, you will be responsible for ensuring that the machine is used legally and linked to the buyer's business address.

By following these guidelines, you can ensure that you legally purchase, connect, and use your POS machine for your business transactions.