There are a variety of ways that people get paid today and your POS system should handle all of the methods you need, including cash, checks, and credit and debit cards. The point of a good POS system is to let you get paid for products and services.
POINT OF SALES SYSTEM REVIEWS SOFTWARE
(Image credit: Statista) Key Software Features Most Popular Consumer Payment Methods, 2018-2019 If you're wondering what kinds of payment options your POS should support, consider the chart of popular brick-and-mortar payment methods compiled by market research firm Statista from a consumer survey the firm conducted in March 2019. It's best to have a POS system in place that has payment flexibility built-in rather than having to swap out a new system. Your customers may be primarily using one or two payment methods now, but give how quickly payment options can change, those customers may be asking for new options soon. The POS systems we reviewed are predominantly focused on SMBs that sell from one to 25 outlets, although a few may handle up to 100.Īnother important aspect of POS software is broad support for new payment systems. Such functions include replacing inventory, tracking employee productivity, and noting what sells and what doesn't. That's because it's the software that lets you track sales, issue receipts, and perform back-office functions. This means they communicate with back-end accounting software and can handle multiple kinds of payments.ĭespite the cash register motif, however, when people talk about POS systems, they're mostly referring to the software, which could be client-based or cloud-based. While there are several kinds of payment processing solutions available, including credit card readers and various new mobile payment methods, the POS systems we reviewed are full-on cash registers. POS systems now integrate more seamlessly with other back-end applications such as customer relationship management (CRM) and inventory management. Best Malware Removal and Protection Software.