Retail Transaction Overview; Gift And Loyalty Card Overview - PAX S300 User Manual

6.1 Retail Transaction Overview

A retail financial transaction is an agreement that takes place between a buyer and a seller to exchange
an asset (legal tender) for payment. This involves a change in financial status for two or more businesses
or individuals. When performing transactions, the following list highlights the types of legal tender used
for transactions.
Transaction types vary by host and what applications
and options are certified.
This section describes each transaction type for the following types of tender.
Credit The ability for someone to obtain goods or services before payment, based on
trust that the payment will be made on a later date.
Debit An amount of money removed from an account for the payment of goods or
services.
Electronic Benefit Transfer (EBT) (SNAP or Cash)
type card as a substitute for cash to buy qualified food items from
participating stores and a way to access cash from a predetermined card
balance funded by a qualified government program.
Gift and Loyalty A prepaid value card that is issued by a retailer or bank to be used as an
alternative to cash for purchases within a particular store or business.
Transaction types will vary depending on what the host supports and what we certified.

6.2 Gift and Loyalty Card Overview

A gift or loyalty card is a prepaid value money card issued by a retailer or a bank that can be used as an
alternative to cash or paper gift certificates for purchases in a particular store or related businesses.
There are two types of gift or loyalty cards:
Open loop cards These cards look like a credit card and are accepted nearly everywhere.
Closed loop cards These cards only work at one store, or with one particular brand.
Gift and loyalty card transactions can typically be swiped just like a credit card, but some are scanned
like a UPC or manually processed.
Because Gift and Loyalty card transactions are
performed much the same way as Credit or Debit Card
transactions, they are not described separately in this
manual.
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S300_USER MANUAL V2.1
NOTE
An Electronic Benefits Transfer using a credit
NOTE
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Non Android Support:
Android and PAXSTORE Support:
support@pax.us
paxstore.support@pax.us
(877) 859-0099
www.pax.us