A pos terminal machine is the main point of sale device you’ve probably seen at bodegas, service kiosks and on shop counters. Unlike traditional cash registers, the modern digital POS system has a number of ancillary features that make it easier to run your business. Some of these include inventory management, insights into sales trends and customer behaviour and back-office tasks like payroll, employee scheduling and taxes. Some also offer the option to convert purchases into instant EMIs through banks, brand offers and non-banking financial companies (NBFC).
A modern POS can accept all types of payment. Some offer a choice between magstripe cards, chip cards and NFC-enabled digital wallets such as Apple Pay and Google Pay. It can even be used to accept mobile payments via QR code scanning or biometric authentication. Most importantly, a digital POS is more secure than a cash register because it doesn’t store personal data on-site.
Some providers offer all-in-one solutions that include barcode scanners, printers and cash drawers. Others have software that works on a tablet or smartphone or is hosted in the cloud. The more customizable the POS, the better, especially if you want to be able to track performance at different locations or by employees. Finally, it’s important to consider whether the POS has 24/7 support because, invariably, there will be questions at some stage and you need to know you can get help quickly. Ideally, this support is offered as part of the subscription rather than charged for separately. pos terminal machine