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What is the difference between a Merchant Transaction and a Point of Sale (POS) Transaction?

April 26, 2017merchant point pos sale transaction

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What is the difference between a Merchant Transaction and a Point of Sale (POS) Transaction?

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With a merchant transaction you must “sign your name” as a credit transaction. A Point of Sale Transaction is a PIN-generated transaction you must complete by entering your PIN (personal ID code). In either case, your purchase is deducted from your account.