Introducing our QRoot POS Terminal
17/05/2025
What is a QR code for payments?
Here is the example of EPC QR code:
This is the QR code in plain text.
Generated according to the instructions of the European Payments Council.
Scan it with a compatible banking app camera. A draft of the outgoing payment will be created.
This type of QR code for payments already works in most European banks. We will tell you about other types of payment QR codes in another article.
Statistics of QR code usage in the world
China:
In 2024, mobile payment transactions in China are projected to exceed ¥500 trillion (~$71 trillion USD).
QR code payments account for over 90% of these transactions, making them the dominant payment method.
India:
In 2024 The Unified Payments Interface (UPI) handled 117 billion financial transactions totalling ~$2.19 trillion USD in value.
Source: European Payments Council (EPC)
Problems with traditional bank terminals
- High transaction fees: approximately 2%
For businesses that trade in expensive items or wholesale, the commission amount in monetary terms can be significant.
- Expensive rent, about 10 euro per month
- Bureaucratic process for obtaining a terminal
- Necessity to buy paper
- The money is credited to the bank account the next day
Our solution:
Switch to using our QRoot POS terminal
https://qroot.app/point-of-sale-terminal
It combines:
Touch color display and
High-speed QR and Bar code scanner.
Key benefits:
· No transaction fees for QR code Instant Payments
· Rental cost: only €4/month. Selling price €75
· Total savings can reach 2,500 euros per year
· Can display QR codes, logos and information
· Sales receipt can be saved by reading the QR code
· Scanner for sales, inventory, reading bonus cards
· Wi-Fi, Bluetooth, and cable connectivity
· Easy integration with accounting systems
Comparison of Popular Mobile Card Readers
|
Reader |
Hardware Cost |
|
Square |
19 € for Square Reader without display |
|
SumUp |
€79 for SumUp Solo reader |
|
PayPal Zettle |
€29 for first reader; €79 each additional |
|
Clover Go |
€199 for Clover Go reader |
Small businesses have many options for mobile card readers to accept Visa and Mastercard payments on the go. The table below compares popular solutions – including Square, SumUp, PayPal Zettle, Clover Go, and others – in terms of hardware cost, transaction fees, subscription fees, regional availability/
An important point and a significant expense is that you need to buy a tablet or mobile phone to use them.
Price Comparison of Traditional Countertop Payment Terminals
|
Terminal (Brand & Model) |
Hardware Cost (One-Time Purchase) |
Monthly Fee (If Rented/Leased) |
|
Ingenico iCT250 (EMV countertop) |
€ 200 |
None if owned; €13–€20/month (rental range) |
|
Verifone VX520 (EMV countertop) |
€ 150 |
None if owned; £17.50 (~$22)/month (typical rental) |
|
Ingenico Desk/5000 (Touchscreen countertop) |
€349 |
None if owned; €13–€20/month (rental range) |
|
PAX A80 (Countertop smart terminal) |
€299 |
None if owned; £17.50 (~$22)/month (typical rental) |
|
First Data FD150 (Fiserv) |
€299 |
None if owned; €13–€20/month (rental range) |
Table: Approximate purchase prices and monthly rental fees for popular countertop card terminals. Hardware costs can vary by retailer or distributor. Rental fees apply only if you choose to lease the device from a provider (buying outright incurs no monthly device charge).
Development prospects in Europe
After publication in 2022 by The European Payments Council (EPC),
document of the Standardization of QR codes payments:
https://www.europeanpaymentscouncil.eu/document-library/guidance-documents/standardisation-qr-codes-mscts
Many countries have begun to actively implement QR codes payments.
Now it is compatible with most European banks.
As well as with banks in: Switzerland(Swiss QR Bill, ISO 20022) and Ukraine.
Now we have family of three devices:
They are fully operational and ready for commercial use.
1) QRoot POS Terminal, without a scanner.
For vending machines, for mounting on a monitor.
2) QRoot POS Terminal, with a scanner.
For retail stores with many additional features.
3) QRoot POS Terminal, with a scanner and battery.
Payment terminal for couriers.
Scanner for conducting inventory in a warehouse or store.
Development is underway for accepting contactless payments
from the Global Card brands, (Mastercard, Visa etc).
According to the payment standards PCI POI PTS
If you have any additional questions or suggestions for adaptation to your business, we will be happy to discuss this: