5 Things To Consider In Buying EPOS Systems For Small Retailers

1. 5 Things To Consider In Buying EPOS Systems For Small Retailers As technology is emerging there is much new advancement, from old cash register to the advanced EPOS systems. It has become an essential to have a point of sale system to take and record transactions and choosing the wrong one can hit a sour note. To choose a point of sale system, you can find many providers to consider. It is crucial to have an epos system and software to your bottom line. We have below mentioned five things to consider when evaluating POS systems: 1) Flexibility Debit, Credit and gift card processing fees can be costly, so to lower the expenses for themselves many small business owners choose an epos systemwith favorable terms. “Many POS system makers will enter into an exclusive agreement with a particular processor”, the processor pays the POS maker an ongoing commission from your business sales. It is in return for the exclusive right to process transactions for the client’s maker. This eliminates ability of a business to shop for the most competitive credit card processing solution. 2) Scale You need to check out what point of sale software can do in addition from taking orders and processing payments. You can manage labor reporting via POS software, push advertising, coupons and loyalty programs from your POS system. “Think of everything your company may need down the road”. Talking to marketing and IT experts to understand what they needed from the software now and need in the future. By taking prioritize list into you can make smart decisions with must-haves and nice-to-haves. You have no need to pay for features and software you don’t need. 3) Compatibility Many POS software doesn’t integrate with your accounting and other business software due to compatibility issues. Emerging payment and Ecommerce technologies like smartcards, digital wallets and mobile apps are already in use and expected to grow. Planning for these innovations is key. Check with your POS system that is compatible with your current software and emerging payment technologies. You can also look for epos systems for small retailers built on a platform that can allow you third party developers to create business apps to make your job even easier. 4) Ease of Use An EPOS system should be easy to use even by your least experienced staff members. You will need a tablet based POS system that allows you to move around in a small enterprise. You should be allowed to interact with customers or handle issues in other parts of the store without leaving the registered unattended. Take a live demo of each POS system and make sure it is easy enough to navigate a sale. To increase mobility then consider a tablet based POS solution. 5) Security The overall global credit card fraud of 46% occurs via epos systems for small retailers. So it is important to protect yourself and your customer is critical. It is expected that by the end of the year most of the merchants will have EMV terminals which uses encrypted chips on credit and debit cards to protect financial information. “It’s almost impossible to fabricate a chip with this encryption, so it reduces the risk of fraud and adds more security”.

2. It is important to consider the point of sale terminals that meet the EMV requirements to reduce replacement costs later and protect you and your customers from fraud.