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Introduction

The POS payment Acceptance Service by Shinhan Bank (Shinhan POS) provides Point-of-Sale (POS) terminals for business and individual merchants, enabling them to accept card payments for goods and services. Shinhan POS enhances operational efficiency, reduces cash management cost, and strengthens the merchant’s modern and dynamic image.

Benefits for Merchants

Fast and secure payment processing

  • Shinhan POS terminals facilitate cashless transactions ensuring quick and seamless payments with minimal errors
  • Reduce risks associated with manual transactions, such as counterfeit money, late payments, or financial losses

Enhanced customer experience

  • Accept multiple payment methods, including credit/debit cards, contactless (NFC), and QR payments
  • Offer customers a quick and convenient payment experience

Effective revenue management

  • Integrated revenue tracking via the SOL App for easy monitoring of sales and transaction history.
  • Gain better insights into customer purchasing behavior

Benefits for Buyers

Convenience

  • Buyers can pay quickly using a card or QR code without carrying cash
  • Faster transactions reduce waiting times

Flexibility

  • Shinhan POS terminals operate anytime, anywhere, ensuring uninterrupted transactions
  • Supports contactless payments for a safer, cashless experience

Why Choose Shinhan POS?

On-Site Setup & Support

  • Direct assistance at business location for a smooth and quick installation process

Optimized Business Operations

  • A variety of payment options improve customer satisfaction and sales efficiency

Lower Cash Handling Risks

  • Minimize cash management costs and risks like counterfeit money, late payments, or financial losses

Fast & Reliable Settlement

  •  Merchants receive funds within 1-2 business days after transaction approval
  • Competitive Merchant Discount Rate (MDR) tailored to business needs

24/7 Customer Support & Maintenance

  • Round-the-clock assistance for all transaction and POS device inquiries

Eligibility

Open to all legally registered businesses, including:

State-Owned Enterprises

Limited Companies

Joint-Stock Companies

Partnerships

Offshore Companies

Private Enterprises

Business Households

Required documents

For the Business Entity:

Certificate of Enterprise Registration/Business Registration Certificate

Certificate of Business Location Registration (if applicable)

Certificate of Conditional Business Registration (if applicable)

For the Authorized Representative:

Citizen ID / Passport

Decision/Appointment Letter confirming the representative’s position (if applicable)

Power of Attorney (if applicable)

Additional Forms:

Application & Business Survey Form

How to Apply

- Apply directly at any Shinhan Bank Branches/Transaction Offices nationwide;

- Contact the Shinhan Bank hotline 1900 4478 or email support.posvn@shinhan.com for assistance;

- Leave information here.