Types of POS Systems: The Ultimate Guide for Small Businesses

Are you a small business owner and want to update your POS system? Or want to know which is the best POS system for your needs? We know that it can be hard to figure out which option is best for your business when there are so many to choose from. But worry not, because we're here to help!

In this article, we are going to talk about the different kinds of POS systems so that you can make an informed choice and take your business to the next level.

Traditional POS Systems:

Small businesses can use traditional POS systems, which are also called as on-premises POS systems. All transactions and information are kept on a single device or a closed network because these systems store data locally. They come with basic features like the ability to track inventory and sales, scan product barcodes, ring up customers, and process payments through a Payment Service Provider. They don't need to be connected to the internet, which can help businesses in places where internet access isn’t dependable enough.

Mobile POS Systems:

Mobile POS systems are helpful for small businesses that are always on the go, like food trucks or pop-up shops. You can control them with your phone or a tablet. With a Payment Gateway or a Payment Service Provider, they can handle transactions, manage inventory, and track sales from anywhere, at any time. They are also easy to set up and don't cost a lot. These systems are great for businesses that need to be able to do business from anywhere or that have more than one location.

Cloud-Based POS Systems:

Small businesses with more than one location or that need to be able to access their sales data from anywhere can benefit from cloud-based POS systems. Since everything is stored in the cloud, an internet connection is all you need to get to your information. They have a lot of features and functions, like managing inventory, keeping track of customers, and doing analytics. They can also connect to other business systems and applications, such as accounting software, and use Payment Processing services. For example, Worldline’s ANTERA range of smart Android POS terminals can seamlessly manage payments.

Hybrid POS Systems:

As their names suggest, these systems take the best parts of each and put them together. You can get to them through a desktop computer, a mobile device, or the cloud. They work just as well as traditional systems, but because they are in the cloud, they are more flexible and have more features. Businesses can keep up with changing customer needs and do their best work with these systems.

Soft POS

Small businesses also have the option of using soft POS systems, which are also called virtual POS systems. They run on software, so you don't need a special hardware terminal to use them. Instead, you can turn your Android phone into a terminal. With a Payment Gateway or Payment Service Provider, they can process transactions, manage inventory, and keep track of sales. The fact that soft POS systems are affordable is one of their best features. Most of the time, they cost less than traditional or cloud-based systems, and you may not have to pay as much money upfront.

Conclusion

As the owner of a small business, you can find a lot of options for point-of-sale (POS) systems. But when you avail of the services of a Payment Service Provider such as Worldline, you can rest assured that your transactions will be easy and safe. So take your business to the next level by getting the best POS system that Worldline can provide you, check them out>