product term
Accepting card payments can transform your sales. As your bank, we can enable you to accept Mastercard and Visa card-based payments without any hassle. Reach out to our team via POSGroup@dtbuganda.co.ug
Features
- Currency ( Settlement)- Uganda shillings and USD
- DTB merchant services -purchase , reversals
Benefits
- Ability to accept different types of cards payments.
- Increased sales opportunity derived from having an additional payment option.
- Reduces cash management risks like theft, storage, and fake notes.
- Our POS machine comes with a MOMO pay solution to support the customer interested in paying using mobile money.
- Better record management since all transaction statements are shared via email on daily basis for faster reconciliation.
Charges
- Purchase - nil
- Reversals - nil
- Commission – Merchant Service Commission ( MCC)
- Merchant service fee of between 2% to 3%
- The rate is determined by examining several factors not limited to the following code, account turnover, number of years in operation for business among others.
- Administrative fees per month - USD 5
- Below minimum balance charge - USD 20
Requirements
- Copy of business director’s National ID/passport
- Recent colored passport photo of the directors
- Certificate of Registration/Incorporation
- Memorandum and Articles of Association
- Copy of Business TIN
- Trading License
- Partnership Deed
- Company forms 7 or 20
- Open a settlement account
product_id
51
