Understanding POS System Basics
When talking about POS or Point of Sale, this could be referred to as a check-out or a cash wrap and this is mostly the location in a store to where transactions on the exchange of goods and services happen. A POS mostly refers on the physical electronic hardware and peripherals that are being utilized for conducting transactions. This hardware would include a cash register, a mobile smart device and a dedicated computer. The Value Added Reseller (VAR) interchangeably uses POS when they talk on the hardware and the checkout location. The credit card industry also adds with the confusion. Merchant service providers to which have credit card transactions and ISO’s or Independent Sales Organizations mostly refers with the standalone credit card terminals as POS. The POS in this case is just the peripheral which reads the credit card, sends on the transaction data between store and credit card processor and may actually issue a receipt when it is approved.
The very first POS hardware was actually a mechanical cash register that have been invented by a saloon owner named James Ritty in 1879. The main reason of it is in keeping employees and clients honest. It’s actually hard to search a mechanical cash register today due to the fact that most POS systems are now electronic, meaning it uses an electronic cash register or perhaps a compute system. Sometimes an electronic POS is called as ePOS. An electronic cash register is going to help to hasten some end day calculations that shop owners need to conduct daily. These are only used at shops who have not been automated, requires a backup system or does not have a lot of transactions daily.
POS systems are actually a hardware which in fact is combined with a POS software and also with peripheral devices. A hardware like this is going to help This kind of hardware will actually help store clerks or perhaps the associate to manage the sales process. At a basic level, the POS software is going to help manage the transaction calculations.
You could actually get different advantages through a Web-Based Point of Sale (POS) System. These are where it’s compatible with most computers these days that comes with an internet connection, you are going to could get real-time POS solutions, it comes with a much lower cost than the traditional POS systems and this could be customized in order to suit with the needs of your business.
Whatever system you decide to buy, you should be sure that you do research with your options carefully prior to buying any type of POS system. Do assessment with your business needs, budget and objectives. Through this, you are actually going to benefit your business through saving time and money and increase the productivity of your business.