A lot of decisions and considerations need to be made when building a business, but one of the most overlooked is the point of sale (POS) system that an establishment chooses to use. With so many systems available through epos suppliers, it can be hard to determine which items or software you may need. The factors below are some of the key elements of a quality POS system that most businesses of any industry will be able to benefit from.
User Friendly
You may be tech-savvy, but your staff may not be. The easier your POS supplies and software is to use, the more likely it’s going to be used to its full potential by everyone in the business.
If you plan on moving around a lot and interacting with customers, your POS system should also be user friendly for the customer. Choosing a tablet-based system can be a great way to engage customers, but it only works if the customer can figure out how to navigate the system. Take the POS system of interest for a test drive to make sure it’s easy to use.
Security
As much as we love the convenience of POS system, 46% of global credit card fraud occurs with POS systems. Security is critical if your POS system is going to work for your business. The best course of action is to choose POS terminals are EMV (Europay, MasterCard and Visa) compliant. These terminal use encrypted chips on credit cards which protect a customer’s financial information. These cutting edge terminals will also save you in replacement costs in the future.
Flexible Payment Options
As anyone in business will tell you, the processing fees that come with debit, credit and gift card “payments” add up and can become quite costly. Smart businesses will look for POS systems and software that supports a wide range of different credit card processing services. This way, you will be able to shop for the most competitive rates and keep your processing fees to a minimum.
Scalability
You want a POS system that will be able to grow with your business. Consider not only what you need from your POS system today, but also in the future. Many systems are able to manage labour reporting. Others can be used to push coupons and advertising and even loyalty programs onto the POS screen. Make a list of items that you “must have” and which that you would “like to have.” This will help you make better decisions and help you stay away from software that you don’t even need. If possible, opt for system bundles for additional savings.
Compatibility with Existing Software
In order to get the most out of your POS system, you want it to integrate with your epos suppliers existing software as much as possible. That said, another important consideration is its compatibility with the systems and technologies in the future. continually have new products that can help make your business life much easier, though you may only be able to use such supplies if you have a dynamic POS system.
