A point of sale machine, is the hardware equipment whereby you use for payment of the products or services at your store. For example, every time a customer buy something at your store, they’re completing a point of sale transaction. The POS machine serves as the key component for your business; it’s the hub where everything such as after sales, inventory cart and managing your customer. Even though there are many benefits in POS system for a business to run smoothly , research shows that there are still 56% of single-store retailers are still not using them. Instead, we found, many are still using a combination of manual methods such as cash registers, QuickBooks and Microsoft Excel for bookkeeping in retails.
So why have retailers not taken that step to POS yet? To begin with, implementing new technology—especially technology that’s viral for your business process, can be scary and overwhelming at the same time. Retailers need to consider the negative consequences of failing to have a POS to help them to manage their business as time goes by.
A full understanding about the benefits and usage of a POS machine will definitely lead you to make any buying decision easily.
Hardware Components of a POS Machine
These are the common physical components required to get your POS up and running.
Monitor/Display Screen: Displays the product database as in a way of building up your products transparency with your customers to gain their trust in your products and enables other functions, such as employee clock-in and viewing sales reports and implementing other product related visuals to further promote your products effectively to boost up your business sales.
Barcode/QR code scanner: Scanning barcodes can pulls all the product info as well as the total checkout. The scanner can also integrates with the
Receipt printer: Email and text receipt may be gaining popularity, but so do the receipt printing as well. It remains a feature that’s still vital in POS machine.
Cash drawer: As the saying “cash is king” still legit in this era, you’ll need a secure place to keep all your cash for transactions securely. Besides that, if there are cash, there will be no credit card or any transaction fees
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