A point-of-sale system (POS) is used to manage the transactions for businesses like cash, debit and credit card, mobile payments, print receipts, store cash and scan bar codes and also the post-transaction operations that lead to customer fulfillment.The modern (POS) systems are replacing traditional cash register system as they are now an important source of inventory, sales, and revenue data that business owners can leverage to make insightful management decisions.
Some Tips to select the best POS system for business are
Things to keep in mind before POS system purchase
• Initial setup cost
• Payment processing costs like percentage of sale with the charge per transaction
• Other monthly processing fees
• Equipment costs
• POS software fees Read More…