Point of sale, or POS, is the place where the customer pays for their purchase. From stationary cash registers to self-checkout kiosk tablets to online shopping carts, any place where a transaction is completed is a point of sale.

WHAT'S THE DIFFERENCE IN A POS SYSTEM AND MPOS SYSTEM?

POS system is a broad term referring all systems at are able to process transactions. A mPOS system (mobile point of sale system or terminal) is a type of POS system that can be used with a tablet, smartphone, or handheld device. mPOS systems give retailers the opportunity to replace traditional desktop computer POS system with a tablet, smart phone, or handheld device that is more versatile. mPOS systems can give associates opportunities to cut customer wait time and increase overall store efficiency, making them desirable retail solutions.

WHAT MAKES THE BEST MOBILE POS SYSTEM?

mPOS solutions require a variety of capabilities in order to make them effective in a retail environment. Assessing the needs of your unique retailer is critical in deciding which mPOS system fits your needs.

Flexibility: The best mPOS systems are flexible to a variety of needs. mPOS terminals that can be easily converted from fixed to mobile give retailers the ability to adapt to various environments as needed. The leading mPOS systems are often universal tablet stands that can work with existing technology and seamlessly handle any device of any brand.

Easy-to-use interface: Retailers need a software interface that is straightforward and effortless. The best interfaces make it easy for employees to find information and execute transactions, and simple for customers to complete their purchases.

Connectivity: Your mPOS system should be reliable, even when your WiFi isn’t. The best mPOS systems are able to continue functioning offline and sync the information once the device goes back online.

Versatile payment capabilities: mPOS terminals need to be able to accept various payment systems, from credit and debit cards, to cash, to gift cards. Facilitating transactional functions such as splitting payments, and processing refunds should be simple.

Tracking data and network security: Most mPOS terminals use cloud-based technology to track analytics, metrics and other POS data. Knowing how and to what extent a mPOS system records metrics is key in deciding what system meets your needs. The best mPOS systems include features that keep all of your business’ information secure and money, such as role-based access, end-to-end encryption, and blind closeout capabilities. .