In this article, we will delve into the process of applying for an SBI Micro ATM online. This compact banking solution allows you to accept payments via debit and credit cards while providing your customers with transaction receipts, a familiar sight in retail stores, malls, and grocery marts. Discover the advantages of owning a Mini ATM and follow the step-by-step guide to secure one for yourself
One of the key advantages of owning a Mini ATM is the financial reward it offers with each transaction. For instance, on a transaction of Rs. 500/-, you may earn anywhere from Rs. 5 to Rs. 10/-, presenting an enticing opportunity for supplemental income. In the past, businesses incurred transaction fees when using Point of Sale (POS) machines. However, with a Mini ATM, the bank pays you instead, eliminating the need for such charges. Moreover, there are no monthly fees to contend with, making it a cost-effective choice for entrepreneurs.
read more:- How To Apply For ATM Installation – एटीएम मशीन कैसे लगाएं 2024
The Online SBI Micro ATM Application Process
Section 1: The Benefits of Owning a Mini ATM
Applying for an SBI Micro ATM online is a straightforward process. Follow these steps to get started:
Step 1: Access the SBI Official Website
Begin by opening your web browser and conducting a search for “SBI online.” Click on the first search result to visit the SBI official website.
Step 2: Navigate to the Services Section
Once on the SBI website, locate the “Services” option at the top of the page and click on it.
Step 3: Select “Merchant Acquiring Business”
From the dropdown menu, choose the “Merchant Acquiring Business” option, which includes POS services.
Step 4: Explore POS Terminal Types
Within this section, you can explore the key features and types of POS terminals available.
Step 5: Choose Between POS Terminal Login or Application
If you already possess a POS machine, click on “POS Terminal Login.” However, if you don’t have one, click on the “Apply” button to initiate the application process.
Step 6: Complete the Application Form
Fill out the application form, which resembles the one you completed when opening your SBI bank account. Pay close attention to every field, ensuring that no detail is overlooked.
- Provide your name or business name.
- In the building section, specify your village name if you reside in a rural area.
- In the street name field, include your police station name if applicable.
- Note a nearby landmark, such as a mall, shop, school, or college.
- Enter your city, select your state and district, and fill in your PIN code.
- Choose “Yes” or “No” for the “Existing SBI customer” option based on whether you have an SBI bank account.
- If you select “Yes,” input your account number, settlement account description, and preferred branch.
- Fill in your name, mobile number, office number, and email address.
- Expect updates on your POS machine to be sent to your email.
- Estimate the average number of transactions you expect daily and the number of POS terminals you require.
- Complete the captcha code, double-check your phone number and email address, as these will be crucial for future support.
- Upon submission, your application will undergo review and approval by SBI.
Step 7: Await Delivery or Collection
Once approved, your Mini ATM machine will be delivered to your registered address within 15 to 20 days. Alternatively, you can collect it directly from the bank.
read more:- India Post Payment Bank CSP Apply Online 2023 | IPPB CSP Form कैसे भरें
Conclusion:
This comprehensive guide simplifies the process of applying for an SBI Micro ATM online. Owning a Mini ATM presents a lucrative opportunity for earning extra income while offering secure and convenient payment options to your customers. Follow the steps outlined here to embark on this journey and enhance your business capabilities.
