Types & Features
When setting up a new POS system it is important to consider both the POS software you select as well as the POS hardware which you plan to use to operate it. Sophisticated POS systems should enable efficient running of your business as well as higher profits and happier customers.
When you choose different components for your point of sale system make sure that they will be compatible with your point of sale software and any accounting software you already have in place. Of course, every business makes different demands of its point of sale system depending on the size of the business and the vision you have for the way the business should be run.
One common need of all businesses requiring a point of sale system is high quality POS terminals to ensure that the transactions are processed to the highest level of efficiency and accuracy. As there are a great number and variety of point of sale terminals available these days, it is a good idea to do some research into what kind of terminal is likely to be most appropriate to carry out the transactions taking place in your business.
POS Terminals and their features
Each point of sale terminal offers different features. There are variations in the speed at which transactions are able to be processed. The speed at which POS terminals can process transactions is often dependant upon the manner in which the terminal is able to verify the transaction. This is influenced by the type of connection that is made.
POS terminals capable of making wireless connections are much faster than those using telephone lines and are also often more convenient to use in a variety of locations. Point of sale terminals using a land line connection may require installation of new telephone lines if the terminal is to be located away from existing lines.
Processing Card Transactions
Point of sale terminals also vary in the types of cards they are able to process. Not all point of sale terminals can process all types of cards. Look for those capable of processing credit card swipe transactions as well as pin-based transactions. Should you require the point of sale terminal to process mobile phone charge cards or store loyalty cards you should look for this in its list of features. Point of sale terminals are available in models which are able to be operated unattended. Such terminals are useful for self-pay situations such as ticket and other vending machines, self-pay gas stations, or at parking stations.
The most advanced type of point of sale terminal should enable fast color printing at the point of sale in order to decorate receipts with business logos. These often come with touch screens and are ergonomically designed.