Simply, a POS (Point of Sale) system is a device that allows a business owner to take credit card payments in person.
Contactless payment is quickly becoming the most desirable.
Things to consider when choosing a POS system:
- Initial cost of setup
- Payment processing costs
- Device rental/purchase fees
- Secure PCI Compliance
- Can accept EMV chip cards and NFC payments (i.e. Apple Pay, Android Pay)
Types of Point of Sale Systems
Card and Chip Readers
Number of credit cards in circulation
Expect to be able to pay using Credit Cards
Average non-cash transaction