From processing payments to specialized features, the type of POS (point-of-sale) system you use matters- so knowing how to pick one matters too. With so many options it really comes down to figuring out what it is your business that requires now, but also how to help it continue to grow into the future.
So, with that in mind, we have compiled a list of some of the most important aspects to think about when looking for that perfect POS.
Things to Consider
Any good payment processor, like Align eCommerce, will make sure your business has everything it needs- but no one knows your business like you do. These are some of the top things to consider before starting your POS hunt.
Type of business: this might be the most important detail since the type of business you have will dictate what your POS needs will be. For instance, if you own a home repair company then having a mobile system might be extremely important, but if you have a restaurant then you’ll need a much more advanced POS.
Type of POS system: because a POS system is made up of software, hardware, or both, there is a huge variety to choose from. These are a few of the most common… · Mobile- this is possible via apps (software) and can be used with phones or tablets- great for traveling vendors!
· Terminal- more of the traditional POS using hardware and software, these often include all-in-one solutions (think register, barcode scanners, 24/7 support, etc.).
· Online- or cloud-based makes it possible to process payments and access data through the internet. Perfect for the ecommerce business!
· Self-service kiosk- these POS systems are used for things like grocery stores, patient check-ins, or even quick serve restaurants where customers can order and pay without assistance.
· Multichannel- just like it sounds, multichannel POS is best for businesses who sell their product in different ways, like online and in-person, or have multiple storefronts. A huge benefit of multichannel is that they help keep everything synced together so you can know what’s happening in real time (current inventory levels might be useful for example).
· Open-source- this is best for a large business with custom needs; software engineers are required (and can get expensive), but your POS software will function exactly how you want.
Features: depending on what will benefit your business the most, there are tons of features that a POS system can offer. Options like data tracking, loyalty programs, split tickets, easy returns, etc.- if you need it, you can find it.
Rates and fees: this will range depending on your business, payment processor, and POS system- but things like renting a terminal, percentage charges per transaction, monthly operating costs, and/ or other similar type fees are common.
Picking a POS for your business starts with figuring out what it is you need! …but working with a payment processor who cares as much about your business as you do is the real solution. At Align eCommerce we see you as family- give us a call so we can start taking care of your business today!
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