What is poynt net?
About us. Poynt is a revolutionary open commerce platform empowering merchants with software and services to transform their business. Founded in 2013, Poynt reimagined the ubiquitous payment terminal into a connected, multi-purpose device that runs third-party apps.
How does poynt make money?
Because it's selling the hardware at cost to banks and via its website, in hopes of getting mass distribution, the software is where Poynt makes money. “We make 20% of the subscription fees that [the software providers] charge and we share that money back with the acquirer,” says Bedier.
How does Poynt work?
Poynt offers in-house payment processing called Poynt Processing. With Poynt Processing, you can process payments at a rate of 2.3% per transaction — which is cheap compared to other systems. With Poynt Processing, funds will arrive in your business bank account within 24 hours.