How to Choose the Right POS System for Your Business

You may be searching from a new POS system for your team to use due to recent changes in legislation regarding these systems, or you may be starting a new business and searching for the right POS to use for credit card processing. A POS is a critical component in a merchant account, but these systems can vary significantly based on how the function and how your staff members may use them. If you are shopping for a new POS system for your business, there are a few important factors to consider to ensure that you make the best overall POS system for your needs.

An EMV POS System
With recent legislation that was passed, businesses will now be required to use a POS system that has EMV technology in it. This is technology that is designed to reduce credit card fraud and to take advantage of the chips that are now available in credit and debit cards. The EMV technology works with the chips, and it eliminates the need to type in a PIN for debit card transactions. The EMV POS system requirement means that many businesses are now being forced to make an upgrade, and you need to make sure that the system that you purchase meets the legal requirement that you must meet in the near future.

Mobile Technology
Some businesses may benefit from a mobile or tablet-based POS system, and there are a few key benefits associated with using these. With a traditional POS system, the consumer had to swipe the credit card through a terminal at a checkout stand, or the employee took the credit card and swiped it for the customer. Both of these options took a considerable amount of time, and there may have been time wasted by the consumer waiting in line or by the employee if he or she had to walk back and forth between the consumer and the POS machine. Mobile technology places the POS system in a tablet, and this means that transactions can be completed on the spot. Businesses that range from retail stores and restaurants to plumbers and other service contractors may benefit from a mobile or tablet-based POS system.

These are just a few of the many types of POS systems that are available for you to choose from. Factors related to cost, size, speed and more may also need to be considered by a business before a final decision is made. The POS system that is selected can impact the consumer experience, productivity by your staff and more, so take time to thoroughly review the options before you make a final decision about which one to purchase for you and your team to use.