Dry ATMs and difficulties to get small changes for Rs 2,000 notes have prompted Nashikities to buy points of sale (PoS) machines in a bulk to bring business back on track.
From small-time traders to owners of grocery shops, restaurants, photo studios and even “misal” corners in Nashik have started buying PoS machines and empowering their customers with the card swiping facility.
“Generally, we used to get two or three calls a day enquiring about PoS machines. After November 8, the number of callers increased. Today, we are selling at least 20 machines a day. It’s nearly a ten-fold increase in sale. And of course, we address more than 40 enquiry calls a day for PoS machines,” said Megha Patel, one of the leading distributors of PoS machines in Nashik.
Patel said a good number of enquiries are coming from Malegaon, Jalgaon and from far-off places like Niphad and Yeola. “Hopefully, we will see PoS machines at vegetable stalls, shops selling every-day items and even in laundries by next month,” she said.
Patel’s claim was supported by figures made available by Praneet Singh from Mumbai, who supplies the highest number of PoS machines to Nashik.
“We have a huge customer base in Nashik. While PoS sale has seen a manifold increase across the country since the government’s decision to demonetise Rs 500 and Rs 1,000 notes, Nashik is also not lagging behind. There is at least 45% increase in PoS demand from Nashik in November,” he said.
On top of the Nashikites’ wishlist is the hands-free PoS machines with a price tage of anything between Rs 600 and Rs 800 each. “A portable PoS application takes two working days to attach with the savings or current account of a shop-owner. Costumers in Nashik prefer machines running without Internet. They also want door-step delivery,” he added.
Meanwhile, Nashikites have also started noticing the increasing number of PoS machines. “I was quite surprised to see a card swiping option available at a ‘misal’ corner near Bhujbal Farm. We visit the outlet regularly. The facility was not available earlier,” said Ankita Gore, a Govindnagar resident.
“Ever since the demonetisation drive was announced, we were losing at least four to five costumers a day. Either they had no cash, or no change. So, we decided to introduce POS machine. It costs around Rs 750, which is not more than the profit provided by the costumers we used to lose because of the small change shortage,” said Govinda Rasal, owner of the ‘misal’ corner.
“We have now got new PoS machines as a step towards cashless transactions,” said Sumit Mahale, a local cloth vendor from Nehru Chowk. “There is a lot of debate going on about demonetisation, but business must go on. PoS is like a one-time investment and it will continue to benefit us as well as our customers even if the cash cruch gets over by next month,” he added.
The point of sale is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer, and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically
To calculate the amount owed by a customer, the merchant may use any of a variety of aids available, such as weighing scales, bar code scanners, electronic and manual cash registers. To make a payment, EPOS terminals, touch screens and a variety of other hardware and software options are available. The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order.
Temples too go for POS
Various temples in Nashik have also adopted the card swiping machines to get donations. Shirdi Saibaba Temple increased the number of POS machines from 8 to 20 right after the demonetisation decision. Most temples followed suit and ordered their PoS machines with 29 days since the government decision. The Trimbakeshwar temple authorities have installed a card swiping facility at its trust office, while Saptashrungi shrine has added two more swiping machines in two donation counters.
The Centre’s decision to make the old Rs 500 and Rs 1,000 notes invalid had hit hard devotees visiting the Saibaba temple in Shirdi with the shrine trust refusing the demonetised currency as donation.
The temple authorities have, however, arranged card readers to accept plastic money for donation and charges for the devotees’ accommodation and their extension of stay at the Bhaktanivas, besides offering them Prasad free of cost.