Home » Types of POS Systems: Choosing the Best One For Your Business
Types of POS Systems: Choosing the Best One For Your Business
2023/06/23
There is no question. There are many choices of POS systems available in the market today.
Retail POS (point-of-sale) options for businesses regardless of size range from simple mobile payment processors to those transactions that can manage large multi-branch businesses.
Yet which one is for you?
Understanding the functions of a retail POS and its differences as compared to the different types is the perfect way to make the best decision for your business.
So which will you choose?
Retail POS systems provide a variety of features that make running your business more efficient.
It is also a great way to attract customers because of certain features like providing discounts and loyalty programs.
There are many different types of retail POS systems, starting from mobile POS systems, self-service kiosks to the more complex ones.
To give you an idea, here are the different types of POS systems to choose from:
1. Terminal POS Systems
This is the one that you normally see at the countertops upon check-out.
They are better looking now as compared to the vintage ones that are big and bulky.
These are hardware and software combined and require access to the internet.
Providers normally offer all-in-one solutions that would include barcode scanners, cash drawers and printers.
Terminal retail POS systems are great for retailers such as the following: restaurants, grocery stores, busy retailers, bookstores, boutiques, antique stores, bakeshops, cafes, salons, spas and many more.
2. Mobile POS Systems
Retail POS have now become more simple and more convenient.
Do you know that smartphone and tablet retail POS services can transact payments and manage some inventory and customer information?
In many cases, the app is free in exchange for payment processing and there are also other perks offered like the credit card reader given out as a freebie.
Mobile POS systems can cater to: farmers, market and street vendors, fair or event community vendors, contract workers and freelancers, contracted professional services, music merchandise vendors, mobile services, day care providers, car care services and repair shops.
3. Tablet POS Systems
This type of POS system is becoming popular these days.
iPad and Android point-of-sale solutions are very practical and convenient, since they require minimal investment and you can just use a tablet that you already have.
Some tablet POS systems are provided for free with credit card processing; while there are others that collect an affordable monthly subscription fee but do not include the credit card processor.
Many iPad and android gadgets are compatible with the POS hardware such as barcode readers, cash drawers and tablet stands.
Some require simple applications; others can diligently manage daunting inventory management concerns and have the capacity to track employee time.
To name businesses that might be able to avail of this type of POS system these are: mobile vendors, ice cream shops, restaurants, coffee shops, gift shops, small retail stores, professional services, pizzerias, juice bars, sandwich shops, art galleries, small theaters and salons.
4. Cloud based POS Systems
Since cloud-based POS and inventory management software systems run on the cloud, this means that you can use iPads and mobile devices to transact and monitor anywhere and anytime.
These systems are accessible from anywhere in the world, which enables you to keep an eye on things even if you’re not physically around! It is easier, more efficient and secure.
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
A retail POS system, for instance, will most probably come with some sort of inventory management feature that allows business owners to monitor different products.
On the other hand, a restaurant retail POS might use some sort of customer tracking feature to help customers get through the checkout process quickly.
To name a few features you should consider in choosing the best one, here are some of them:
So, in essence , the best retail POS system is so much more than a payment mechanism that processes transactions.
A reliable retail POS system should be able to offer features that do inventory management , deal with employee management, monitor online sales, provide loyalty programs, offer rewards point system and gift cards, and more.
Beyond that, you should also make sure that your POS provider has excellent customer service and support, whether it is through email, live chat, phone calls or a customer account officer handling your business.
Still searching for the best one? Here is EasyPOS.
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).
By: N Tacatani Introduction Effective inventory management is crucial for the success of any retail or hospitality business. EasyPOS, a versatile and user-friendly point-of-sale system, offers a comprehensive set of tools designed to simplify inventory tracking and management. Here are some tips and best practices for using EasyPOS to keep your stock organized and up-to-date. [...]
By: N Tacatani Introduction When it comes to selecting the right Point of Sale (POS) system for your business, the options can be overwhelming. With various systems offering a range of features, it’s crucial to find one that not only meets your current needs but also supports future growth. EasyPOS stands out from the competition [...]
By Johnny Kawa Introduction: Everyone plus their mother wants to open a restaurant. To say that competition is stiff is a euphemism. In the fiercely competitive world of the restaurant industry, providing exceptional service is the key to winning the hearts of your customers and staying ahead of the competition. As technology continues to revolutionize [...]
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!
Struggling to accept online payments? Discover how HII Online Payment Service solves your credit card merchant dilemma. HII Online Payment Service. Coming soon!