Your shop or business may collect payments from customers and keep track of sales with a POS system. It appears simple enough, but depending on whether you sell online, have a physical storefront, or both, the arrangement can operate in a variety of ways.
The cash register in a store is referred to as a point-of-sale system. Modern POS systems are totally digital, allowing you to check out a customer from anywhere. All you need is a POS app and a device that can connect to the internet, such as a tablet or phone.
Types Of POS Software
The following are the most common types of POS systems:
1. Mobile point-of-sale systems
Tablets and smartphones Payments may be processed, and inventory and client information can be managed via POS services. The app is usually free in exchange for payment processing. The leading payment processors will provide you with a free credit card reader. If you don’t have a lot of goods and need to be mobile, this is a good POS solution.
2. Tablet POS systems
Because they need little upfront investment and can often be used with a tablet that you already possess, iPad and Android point-of-sale solutions are becoming extremely prevalent.
3. Terminal POS systems
.Terminal point-of-sale systems are the kinds of systems you’re used to seeing at the counter. While they are hardware and software-based, the majority of them still require internet access and may even use cloud-based software. They’re frequently marketed as all-in-one packages that incorporate barcode scanners, cash drawers, and other features. Many of these providers offer support and cloud backup 24 hours a day, 7 days a week.
5. Self-service kiosk POS
The majority of kiosk POS systems are tailored to a specific purpose. You could, for example, provide a self-service kiosk where customers can buy movie tickets or manage their parking space time and payments.
How POS Machines Work
1. A customer decides to buy your product or service
2. Your POS system calculates the price of the item, including any sales tax.
3. Your customer pays via electronic means example debit or credit card.
4. The point-of-sale transaction is finalized.