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Cash Register Or POS – How to Choose
Business management has come a long way since the development of the first commercial electronic cash register by IBM back in the ’70s. In our modern times, most electronic cash registers have already been replaced by multi-functional point of sale programs. The POS system has become a more reliable option for fast and secure business transactions in various retail, hotel, and restaurant businesses.
Aside from the obvious benefit of using high-quality technology in processing business transactions, point of sale programs offer other key advantages over electronic cash registers on the business management front.
First is the easy management of day-to-day tasks such as sales tracking, using time clocks, presenting menus and promos, and maximizing revenues. These features of POS programs certainly take a lot of stress off the backs of business managers, and also provide a smooth work flow for them to work in.
Another advantage is the greater amount of product that can be accommodated by one point of sale terminal at one time. Barcode scanning multiple items quickly at checkout becomes an easy task with the use of POS software, and this translates to faster checkouts, and less waiting time for customers.
Also, POS programs are very useful during inventory because of their barcode-scanning technology. Instead of manually inputting each item’s price when using electronic cash registers, which makes it hard to track which item is being sold, employees just have to scan the barcode of an item, and the price automatically appears on the POS computer screen along with other details of the item. This feature is of great use particularly in the retail industry.
The multi-functionality of POS programs can be advantageous in other types of businesses as well. There are point of sale programs that cater to one particular industry only, focusing on what businesses in that industry need, and providing features that are specifically useful in that industry.
However, this also means that not all types of POS software can accommodate your business needs. It is important, therefore, to review the features of the POS program you are about to purchase and check if the features align with what you really need. Nonetheless, the software’s programmability and your creativity still allow even just the general types of point of sale programs to be integrated so they suit your needs.
Another significant advantage of POS programs from cash registers is the credit payment option. POS software allows merchants to collect the customer’s payments through credit or debit cards immediately rather than having to wait to submit the credit card payments at the end of the day. This feature is available because of automated payment integration with your merchant accounts.
These are just some of the most important advantages of using point of sale programs. There are still many features that are unique to particular POS systems, but all these software have one thing in common – they allow a business to provide better customer-oriented service since the merchant or employee can attend to other concerns of the customers while the POS software does all the technical work.
If you’re in the market for a Point of Sale Program, please visit http://www.AmberPOS.com for information on a full featured POS Program.
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POS – Optimist
Available now at Itunes: bit.ly From the album “Never Better” A little Optimism in these dark days. Director & Editor: Maria Juranic – www.mariajuranic.org Producer: Brady Kiernan Director of Photography: Bo Hakala Production Company: Rent the Sky www.myspace.com rhymesayers.com
Types of Businesses That Need to Use Point of Sale Equipment
Point of sale equipment is the equipment that is used to process a sale. The cash register that the cashier uses, the credit card machine, and the check printer are all pieces of point of sale equipment and they are all needed any time money or some form of payment is exchanging hands.
But what businesses really need point of sale equipment. We have online businesses and offline businesses that do transactions with people. It is important that the transactions are safe and that they are accurate. If they are not, then that could cause a plethora of issues for the seller and the buyer.
Business that need point of sale equipment
It is common sense that any retail outlet needs point of sale equipment. Since items such as cash registers have been around for over 100 years, there is no reason to not have one. Even the simplest of cash registers are available at department stores for you to add to your store. It doesn’t matter if you operate a small shop, you need to have point of sale equipment.
But what about online businesses? What do they do? Well, the truth is that your point of sale equipment is actually online. There are programs that are embedded within websites that allow them to process credit and debit cards. They are safe systems because they are encoded for security. This is more or less the extent of the point of sale equipment on a website, which is great. This means there is not so much to manage like there is in a physical retail environment.
Where to acquire equipment
For the retail environment, you know that you can get your basic cash register at your local department store or office supply store. As for credit card terminals, there are companies that you can acquire them from. There is a cost involved, though. For each transaction, the terminal owner is able to receive a small fee. This is how they make their money. Is this a loss for you? No, it is not a loss for the fact that accepting credit and debit cards is a very profitable endeavor. You would be surprised how many potential customers turn around and leave because they find out that a business doesn’t take debit and credit cards. The fact is that more and more people are simply carrying credit cards and debit cards. They are not carrying cash as often as they used to. A business that does not have a credit card terminal is a business missing out on opportunity.
Even checks are not as widely accepted, but it is important for some retail outlets to accept them. In this case, you may need something such as a check printer. You may also need to have a system in place that allows you to cross reference the checking account number and a person’s ID number to make sure they do not have bounced checks out there. There are various check verification companies and you can acquire the right equipment from them for a fee.
So as you can see, it is important for virtually anyone accepting money to have point of sale equipment. The only people who can really get away with it is someone having a yard sale and using a crayon box or security box to keep the money in. No one expects you to have point of sale equipment in this case because you’re simply accepting cash for small transactions. When you’re a store, customers expect there to be point of sale equipment for your protection and for theirs.
Canada’s leading processor of debit and credit card payments. Providing point of sale software and POS System for business owners.
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