Small businesses or large operations are measured to be bustled with customers constantly; therefore, to maintain streamlined operations, business owners cherish the facility of point of sale systems. This one piece of technology allows you to simultaneously oversee inventory management, customer reordering, barcode scanning, and more.
However, with many types available in the market, selecting the best one that aligns with your business goals can be arduous. For that exact purpose, Unity Payments will let you explore different types of POS for retail management, restaurants, and many other industries.
What is POS?
A point of sale system or (POS) is a computer-based cash register with software that allows merchants to process payments and transactions. These systems are physical devices or can be managed through apps and enable customers to pay seamlessly through their cards.
What Does It Do?
Process Payments: Point of sale systems for retail management and other business niches can process payments physically and virtually as well as offer the facility of self-service kiosk.
Improve Efficiency: These instrumental systems can boost your operational efficiency and skyrocket customer satisfaction.
Record Transaction: POS systems can easily record transactions and information from sales.
Analyze Inventory & Trends: POS facilitates retail stores and other businesses to oversee inventory management processes and monitor buying trends.
Create Invoices: POS technologies smoothen sales processes by creating invoices and maintaining customer relations in the best possible manner.
5 Different Types of Point of Sale Systems
The industries are consistently tailoring their strategies and adopting high-tech systems for their operations. Subsequently, cloud-based POS systems allow businesses to effectively store data on remote servers, advancing payment processing solutions and making them easily accessible on multiple devices. However, before considering cloud-based POS systems, it’s vital for you to understand whether you need one or not.
We’ve listed below five different types of POS designed for diverse businesses:
Desktop POS System
Desktop POS is one of the most popular point of sale systems in US. These solidified devices are attached to a cash drawer and allow seamless customer transactional processes. These POS systems are also highly customizable and can essentially run on various software. In spite of providing versatility and meticulous features, they often require IT technicians to handle technical tasks, and it is also considered time-consuming to coach newbie personnel.
They Are Best For
Desktop POS is great for restaurants, retail management stores, grocery stores, and fitness centers.
Handheld POS
Handheld POS tends to offer more flexibility due to its portability. Moreover, Personnel can effortlessly carry these devices to customers, proceed with transactions, and maintain customer comfort. These devices are proven to receive orders, process credit card payments, and print receipts swiftly.
They Are Best For
Handheld point of sale systems are recognized to facilitate effectively restaurants, food trucks, and mobile businesses.
Phone POS
Needless to say, technologies have dynamically evolved and have allowed POS to take a step ahead with mobile payment technologies. The phone POS has allowed many businesses to achieve success quickly while keeping it affordable. By easily installing the POS application on your phone, you can streamline customer’s checkout process. Additionally, Payment processing solutions providers will charge a monthly or per transactional fee due to their POS services.
They Are Best For
Mobile POS is best for startups and small businesses.
Tablet POS
Tablet POS systems operate similarly to Phone POS but can be configured for several circumstances and come with diverse external hardware. To exemplify, you can effortlessly attach tablets to a permanent POS terminal and barcode scanner. Moreover, if you’re hosting a small event, tablet POS’s card reader can effectively assist you in the situation.
They Are Best For
Tablet POS is known to offer convenience to event businesses and restaurants.
Self Service Kiosk
Self-service kiosks are becoming dime-a-dozen across the USA and ensure quick service dining and easy processes for retail management stores. These cutting-edge machines permit customers to input their order details at the store counters; additionally, They mitigate resource costs and empower efficiency.
They Are Best For
Self-service Kiosk dynamically assists self-service restaurants, health clinics, and retail management stores.
Key Factors to Consider When Choosing A POS System:
Integrating POS payment processing systems are viable payment processing solutions for diverse businesses. However, you need to consider a few key factors before choosing a POS system.
Business Size
Smaller businesses might only need essential functions, whereas larger enterprises may seek more advanced capabilities such as inventory management and employee scheduling.
Type of Industry
Restaurants might look for features like table management and online ordering, while retail outlets often focus on inventory tracking and barcode scanning.
Mobility Requirements
A mobile POS system is essential for businesses that require staff to be mobile during transactions.
Transaction Fees
It’s important to compare the fees various POS providers charge to identify the most budget-friendly option.
Conclusion
Understanding the different types of POS systems allows you to discover payment processing solutions that align best with your industry and conform to operational requirements. Whether it’s a desktop POS for a grocery store or far more affordable payment services like mobile POS, the options are varied and aim to assist every business type.
