1. Information

POS stands for Point of Sale (POS) card accepting machines. POS machines and ATMs are generally characterized by ATM transactions.

POS machines have features such as payment at department stores, supermarkets, payment services such as hotel, telephone, insurance, purchase goods and services, etc.

The machine has the advantage of lightweight only occupy a very small area, can be easily installed in many places.

2. Utilities

• For units accepting POS payment:

+ Improve business efficiency:

• Attract more customers (especially foreign customers).
• Promote consumer trends because it is not limited by the amount of cash brought.

+ Reduce cash management costs, minimize risk of counterfeit and deferred payment, saving time of transaction.

+ Enhance prestige and create positive image of enterprises.

+ Provided free equipment, free training guide and technical support.

+ Enjoy the preferential programs of LaoVietBank

• For cardholders:

+ Meet the daily shopping needs quickly and safe.

+ No charge when using the card payment service via POS / EDC of LaoVietBank.

+ Minimize the risk of holding and spending cash.

+ Express modern dynamic image for cardholders.

3. Conditions for using the service

• For units accepting POS payment:

 Laotian and foreign businesses and individuals having legal business locations and registered business in the field of goods and service supply in Laos can register as LaoVietBank's card-accepting units.

• Simple registration procedures:
  • Preparation file: copy of business registration certificate, copy of identification (ID card, passport, household registration) of card holder.
  • Signing a contract with the bank: Bank staff directly to work with the card accepting agencies to sign card payment contract or units can come to the counters.
• For cardholders: Being the owner of one of the cards issued by the International Card Organization, VISA, Master, UnionPay, JCB cards, etc.

4. Payment transactions

• Cash advance transaction
• Card transaction directly at the machine
• Transaction does not show card (Key in)

5. Service charges

• American Express Card: 4%
• Visa, Master, JCB card: 3%

(Charge for card payment is subject to change according to the agreement of both parties and according to LaoVietBank's policies in each period).