Terminal vs. Pos Systems

The POS system has been used predominantly in the retail industry ever since it was introduced. Typically, the entire system includes a computer, a monitor, a receipt printer, cash drawer, a barcode scanner, customer display, and the actual credit card terminal. This would also include a signature capture device and a number pad for cardholder’s pin input. Having this system in your business can streamline your entire operation. It has several advantages for retail stores, restaurants and other types of businesses.

For one, having a POS system terminal in your store allows for reduced shrinkage. It also helps you a lot when it comes to information that you can use later on, such as detailed sales reports. It will also be very helpful when it comes to your inventory. With a POS system, you can easily manage your stocks. It also significantly reduces your paperwork since most of the information you need and the reports to be generated are done digitally. All this, plus it is much more accurate than doing it yourself. It is clear that having this will surely help you out in managing your business. By eliminating these tedious tasks, you can concentrate on the more important aspects of running a business.

Compared to a simple merchant credit card terminal, an entire POS system is much more valuable. All it does is to read the credit card information and process it for you. After it is processed, you get your money in the bank and the customer gets his/her item and that’s it. Inventory, sales reports and everything else is still managed manually. You still have to count your stocks on your own and make use of tons of paper to manage your business. The setup is simple, but the work is very tedious and prone to mistakes. This is why having a POS system is much more advantageous.

When it comes to reliability, overall reviews show that these systems have very good ratings. Studies have shown that there is only a 1 in 2 million chance of failure to occur. Because of this statistic, the one-year warranty offered along with these machines would most likely go untouched. Still, it is nice to know that you have warranty.

In conclusion, a POS system credit card terminal is something that any growing business should consider. It can literally speed up your entire business operation. And as they say in business: time is money.

from Blindbid.com