The device used as Buy Micro ATM Application (Micro ATM) and MPOS (Merchant Point of Sale) allotted by State Bank of India seems to be almost similar but both are being used for different purposes.
Micro ATM (Micro ATM) is being provided to allotted SBI Customer Service Points run by Kiosk Operators under the banner of Business Correspondent Channels (BC) of SBI whereas MPOS (Merchant Point of Sale) is being allotted to Merchant, Shopkeeper, Petrol Pump Outlets, Shopping Mall, Restaurant & Hotel and so on.
Here is the basic difference between Micro ATM (Micro ATM) and MPOS (Merchant Point of Sale) allotted by SBI
Micro ATM Application – Point of Difference between
| SL. | Micro ATM (Micro ATM) | MPOS (Merchant Point of Sale) |
|---|---|---|
| 01. | It is provided to allotted SBI Customer Service Points run by Kiosk Operators under the banner of Business Correspondent Channels (BC). | It is provided to Merchant, Shopkeeper, Petrol Pump Outlets, Shopping Mall, Restaurant, Hotel and so on. |
| 02. | It is for Debit Card Holders of any bank for Cash Withdrawal Transaction subject to maximum of Rs 20000/- per day. | It is for Debit Card Holders of any bank for Cash Withdrawal Transaction subject to maximum of Rs 2000/- per day. |
| 03. | It is for SBI Debit Card Holders only for Cash Deposit/Fund Transfer to any SBI Account subject to a maximum of Rs 20000/- per day. | There is no such facility in MPOS (Merchant Point of Sale) |
| 04. | Balance Enquiry and generation of Mini Statement for SBI Debit Card Holders is available in Micro ATM (Micro ATM) | There is no such facility in MPOS (Merchant Point of Sale) |
| 05. | There is no Monthly Rental against allotment of Micro ATM (Micro ATM). | There is mandatory requirement for payment of Monthly Rental against allotment of MPOS (Merchant Point of Sale). |
| 06. | Settlement against CASH Withdrawal Transaction is done in Real Time basis. Cash Withdrawal amount gets credited to BC’s Settlement Account and the same is reflected in KO Cash Summary Report/Transaction Report. | Settlement against CASH Withdrawal Transaction done in next working days. Net Cash Withdrawal Amount along with commission generated, if any, gets credited to Current Account of Merchant on next working days. |
| 07. | There is a provision for PIN Reset for FI Account Holders (Accounts Opened at allotted SBI CSP comes under Enrollment Under Financial Inclusion and so such accounts are called FI Accounts) | PIN Generation/Reset Facility is not available at MPOS (Merchant Point of Sale). |
| 08. | Micro ATM (Micro ATM) needs to get connected to Laptop or Computer and after successful installation of related Software/Driver by BC, it gets enabled for transaction. | No Software/Driver installation required for functioning of MPOS (Merchant Point of Sale). It works through SIM inserted in it and provided from SBI end and no laptop/computer required for transaction. |
| 09. | The commission generated against each transaction is payable to Kiosk Operators on monthly basis and in accordance with Bank’s Norms | The commission generated, if any, against the transaction is payable to Current Account of Merchant against settlement on next working days and in accordance with Bank’s Norms. |
| 10 | It is provided to SBI CSP with a purpose to de-congest the SBI Branch so as to enable the customers to get relief from standing in a long queue. | It is provided to Merchant with a purpose to encourage Digital Transaction/Cashless Transaction. Without involvement of physical Cash, Debit Card Holders can make bill payment against purchase of items or on consumption. |
