An effective point of sale solutions is essential for every type of business. This is because POS devices make is possible for your customers to pay for goods and services via debit and credits cards. Payments requests are securely sent by the terminals to a processor, which in turn relays the information to the individual customer’s bank. If the client’s account has enough money to cater for that particular purchase, the bank approves the transaction and then sends the confirmation back to the terminals. The essence of a POS system is to help you run your business more effectively and avoid unnecessary losses.

There are a number of point of sale solutions for businesses in different industries. They range from simple mobile payment processors to complex processors that can manage multi-location businesses. Here below are some of the different types of point of sales solutions that you can choose for your business:

Types Of Point Of Sale Solutions

Terminal POS

These are the type of POS systems that you commonly find at the counter in most businesses. They are mostly hardware or software-based, and most of them require internet access, while others can even use a cloud-based software. Most of the times, they are sold in all-in-one solutions. These include bar codes scanners, receipt printers, LCD screen, keyboard, and cash drawers, among others. Also, many provide all-year-round support as well as cloud-based support. This helps make it quite easy to restrict internet access by the employees because they can be configured in a way that only allows them to run the POS software.

For restaurants solutions, other additional software and hardware devices such as table-side WI-FI, portable devices, patron tablet ordering, kitchen printers, and online ordering may need to be integrated.

Mobile Point of Sale

Smartphone point of sale solutions can be used to process payments as well as manage customer information and some inventory. Most of the times, payment processors will send the credit card reader to you for free. This type of POS solution is ideal where you only manage a small amount of inventory, and you need to be mobile. A majority of these systems can work with a portable printer. Also, you can email receipts directly to your customers from the app.

Online Point of Sale

With this type of POS solution, you can use your hardware, including a personal computer or a tablet. The best thing with this kind of system is that the startup costs are quite low when compared to other systems. Online point of sale solution is most suitable for a low-volume, high –ticket price type of business. This kind of business can also do with a standard printer. Another great advantage of online POS solution is that it can be logged into from any place, using many different types of devices.

Self-Service Kiosk POS

In most cases, this type of POS system is used as a specialized solution for a specific purpose. You can use this system to manage parking space time and space, or for enabling patrons to buy movie tickets. Another area that you can use this POS solution is where you have a large retail store. It will allow your customers to look up product availability as well as pricing. This system can also be used for other purposes, including patient check-ins and certain HR functions.

Conclusion

Today there are a number of affordable POS systems for all types of small to medium -sized businesses. Once you establish what your business needs, you should be able to acquire the best POS solution quite easily.