Types of POS Systems

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Point-of-sale (POS) options for businesses range from simple mobile payment processors to those that can manage large multi-location businesses. POS systems offer features that make running your business easier. Features like new zealand phone number search loyalty programs and discounts make POS systems attractive to customers as well.

What is a POS system?
Top POS systems facilitate transactions, allowing customers to make a purchase and pay applicable sales tax. A POS is often thought of as an internal store terminal. However, virtual POS systems are often used for online shopping.

POS systems are quickly replacing traditional cash registers because of their convenience and ease of use. POS systems can also be mobile, which allows payment to be made where the customer is, such as at their table in a restaurant. POS tablets are becoming popular with businesses, including restaurants. Our review of TouchBistro shows more about how POS systems are used in restaurants.



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Components of a POS system
Software is one of the main components of a POS system. Software always has a front end and a back end. The front end is where transactions are processed. The back end gives you access to analytics, sales figures, inventory and other relevant information.

The other half of a POS system is hardware. A device to process transactions is a necessity. This can be a mobile phone, tablet, touchscreen or PC monitor. Most businesses also use a cash drawer, similar to a cash register. If your priority is POS hardware, check out our review of Clover.

You may also need a barcode scanner. Most businesses use a receipt printer, although email receipts are gaining popularity. Card readers are also essential equipment for your POS system. You'll need an internet connection too, of course, which often requires a router or modem.

Tip: Rare is the POS system that works without a hardware add-on, such as a card reader or barcode scanner.

What are the advantages of a POS system?
One of the advantages of a POS system is that it makes price tags unnecessary. Employees simply scan the barcode, which makes it much easier to change prices and apply discounts. Other advantages for businesses include features for managing inventory and loyalty programs.