As far as the credit card machine business is concerned in India, no one would have ever thought that this type of business will become a boom even for a small business owners like tea seller, Beatle leaf seller or people selling their stuff on carts or stalls.
After the demonetization of 500 and 1000 notes which were being used as legal tender before 8 November, 2016, there was a money crisis all over India; people were not able to draw their money from the bank accounts due to some limitations, lack of cash and long queues before the banks.
Due to lack of sufficient cash in hand, people were not able to buy or purchase anything; there were not able to pay even for their daily shopping like vegetables, groceries, breakfast, lunch and dinner etc. So people were hunger?
Of course, there were but some people managed to pay through credit card machines. As the people didn’t have any physical cash with them but online access to the money were still in practice. The Prime Minister Narendra Modi banned the denominations of 500 notes and 1000 notes and emphasized the people to promote cashless economy to prevent corruption and black money marketing.
Though, some people are trying to find ways to struggle with unavailability of new currency notes, but some smart businessmen or local vendors are learning how to promote credit card machine business.
One of the most popular credit card machine business, which is being used all over india to pay electricity bill, mobile bill, recharge your account, to pay for your breakfast, lunch and dinner, to pay your auto or taxi fare and even to make a payment for your one cup of tea is PayTm.
If you don’t have any technical knowledge or skills about credit card machine business, then don’t worry; you can read about credit card machine online. There are lots of tutorials to educate you about how to use credit card machine.
If you are having any problem to understand the content then you can use Google Translate. It will provide you the translation in your mother tongue. It can provide you quick translation in all languages you need.
But before buying any credit card machine, there are some restrictions which you have to follow. If you fulfill the requirements then you can apply for your credit card machine.
If you are using credit card machine to receive payments from your customers, the money will be credited in your account. And if you are paying for something then money will be debited from your bank account.
Using credit card machine is very simple and easy. Once you learn how to use credit card machine, you will enjoy using it. It gives you complete freedom from keeping the cash in your wallet.