09 May 5 Common Types of POS Systems
Your everyday business run efficiently with a POS system, which can ensure that everything from payment processing to inventory management functions properly. However, what types are the most-used POS systems in businesses? In this article, we covered the most used POS system types, along with recommendations for businesses using each type of POS system.
What POS systems used for?
A point of sale (POS) is a place where a customer makes a purchase and may be responsible for paying sales taxes. A POS transaction can take place offline or online, and receipts can be printed out or created electronically. If you’re looking for POS systems. Here is a tip before considering buying a good POS system;
- What is your budget plan for POS hardware?
- Do you require a way to combine online and offline transactions, or do you have many store locations?
- Does the POS hardware handle additional company requirements, such as tracking discounts and inventory?
- How is inventory managed by the POS?
- Does the POS system provide analytics and reporting?
To discover more about the answer to those questions, here are the common types of POS systems you should know.
5 most-used types of POS systems.
Your business can collect payments from clients and track sales with a POS system. Depending on whether you sell online alone, have a physical location, or both, the setup may operate differently. Thus here is 5 popular types of POS system plus business suggestions for each type.
1. Desktop POS System
A desktop POS system is a computer running POS software connected to a cash drawer. Desktop POS systems can run a variety of POS applications and are quite adaptable. With internet access, you can add new updates or additional hardware to enhance the system. A desktop POS system is available from a provider as a package or you can buy each component separately. ” Although they provide flexibility and extensive features, they frequently require IT support and can be time-consuming to train staff on.
Best for; Restaurants, fashion stores, bookstores, grocery stores, cosmetics, pharmacies, and any physical retail store.
2. Mobile POS system
Mobile POS systems, also known as mPOS, are where your shop’s transactions are processed via a mobile point-of-sale system comprising portable hardware and software. In addition to many other things, it computes sales totals, handles payments, monitors inventories, and gathers business data.
Did you know?
An electronic point-of-sale or cash register can be wirelessly replaced by a mobile POS (mobile point-of-sale), which is a smartphone, tablet, or dedicated wireless device. For businesses that will process transactions on the go, mobile POS is helpful.
This type of POS helps you start running your business fast and affordably. In short, you may download a POS app to your phone and conduct transactions there. You can upgrade your phone with a mobile card reader to quicken the checkout process. However, the majority of businesses will charge a fee per transaction or a monthly subscription for using a service.
Best for; Food trucks, home and auto repair shops, sports competitions, flea markets, and street markets.
3. Cloud-based POS system
A POS system that is cloud-based stores data there rather than on a local machine or network. This means you can view and modify the data from any location. Cloud-based POS solutions are the norm today. Data may be accessed from anywhere, however, this opens the system up to more security lapses than a traditional POS system would. Yet, the system may be unavailable if the internet is down because it depends on an internet connection to submit data.
This system often runs on streamlined, transportable hardware, like other contemporary point-of-sale systems. Usually, a training guide is provided.
4. Self-service POS system
Self Service POS systems are more frequently used in quick retail service businesses. A self-service kiosk is essentially a tablet that clients may use to submit order details at their table or front counter. It increases efficiency and lowers employee costs. Self-service kiosks with linked barcode scanners are also being used in retail so that clients may quickly scan a few products and make a payment. Again, this lowers the cost of hiring baggers and other necessary staff.
Best for; Supermarkets, busy restaurants, and businesses that sell tickets, such as movie theaters, transportation facilities, and others.
5. Multi-channel POS system
You will gain a lot from this type of POS system if your company sells its products in multiple online or physical locations. This type of POS system integrates all of your sales from your website page, social media pages, and physical shops. Businesses can do in-person, internet, and mobile sales using a multichannel POS system, all from a single program. Each of the multichannel POS programs has capabilities for managing orders, customers, and inventory.
Best for; Brick-and-mortar shops that also sell online, e-commerce businesses expanding into physical locations, and online vendors running pop-up shops in person.
Hope this information helps you find the best POS system that meets your business type. Learn more about cloud-based and complete POS systems on our website https://www.didisystems.com.my/cloud-based-point-of-sales.