If your business accepts card payments, you are not that unfamiliar with POS terminals. Traditional Point of Sale systems are equipped with a touchscreen monitor, CPU, an auto-locking cash counter, a card reader, and a telephone line.
In today’s world, you have to offer customers smarter payment options that are also quicker and more convenient. This is where mobile-powered POS solutions excel over traditional POS systems. For processing transactions, they use data from your mobile phone. With this device, you can accept payments on the go by downloading the POS software and connecting your mobile phone.
A mobile-powered POS solution is specifically designed for payment processing on tablets or mobile devices instead of desktop computers. A credit card machine, receipt printer, or scanner is usually connected to them. It does not require a payment terminal, cash registers, custom software, or specialist installation.
Benefits can include reduced fees, less maintenance and more time to spend on training staff – vital when store queues and wait times lose retailers 10% of footfall, and only 77% of shoppers are satisfied with the length of lines.
This can be avoided by enabling faster checkouts with faster processing using cloud-based POS software. This allows placing your card readers or QR codes throughout your store so customers do not have to wait in one line. Additionally, mobile card readers or phones can be used by staff to complete payments around the store.
Everything is secure because every single transaction is tokenised (encrypted), ensuring that customer details are always protected.