How To Choose A POS Machine For Your Business?




POS systems are a great tool for businesses to help boost sales. Used by all types of businesses, POS has many functions in making your customer experience faster, easier and even more convenient. First, it allows you to accept credit and debit cards from your customers, increasing the number of payment options you offer. Second, you can use it to aggregate all of the information about your business in one database. Thirdly, it automatically calculates the sales tax, helping you manage your cash flow and financial information more accurately. And finally, POS makes it easy to fulfill a sale simply by pressing a button!


POS working flow


The actual way the information passes varies depending on the merchant pos machine. For example, some merchant pos work by having a coded magnetic strip on top of the terminal. When the card is swiped, it passes through this strip which decodes the information and sends it to the server. Another way is to use EMV or Europay Mastercard Visa technology. This is a chip in the card that creates its own unique transaction number when you swipe it through the terminal. This means that you can't copy or store that number, which is more secure than swiping your credit card.


Factors to Consider to choose a POS for Your Business


The credit card data breaches have led to a huge loss for small businesses. That is why the first and foremost thing to consider while choosing POS software is security. You wouldn’t want your customers facing the inconvenience of cancelling their cards to avoid any fraudulent charges. Thus, look for a company that offers ISO 27001 certification and PCI DSS compliance. It will also help you in avoiding all kinds of cyber threats like hacking, malware, etc.


The next step is data entry. Usually, the cashier enters the information and the given details through a screen on the POS terminal such as buyer's name, contact number, etc. and customer gets receipt of transaction details. Get more ideas about “what is pos terminal” for your retail businesses. 

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