The most vital tool for any business is a machine to process sales.
It wasn’t that long ago that the only affordable option available was a basic cash register, which included a cash drawer, receipt printer, and occasionally a card reader. These days, advancements in technology have replaced the basic cash register with more advanced point-of-sale systems.
Mobile point-of-sale systems are becoming more popular, but there are some key things to know before purchasing.
When you’re evaluating POS systems, credit card processing is a big factor to consider. Does the point of sale system only work with a specific processor? What are the rates and fees, and are they transparent? Is it flat rate, tiered, or interchange plus pricing, and what is the difference? Most of all, how will credit card processing fees affect my bottom line?
It sounds counter-intuitive, but a savvy business person can get the most competitive pricing for the Authorize.net gateway while paying as little as possible in credit card processing fees by not getting either service directly through Authorize.net.
The Clover station, a sleek point of sale system available on the Fiserv (formerly First Data) platform, is an increasingly popular choice for businesses that need the functions and features of a full POS system.
Accounting software company FreshBooks is a popular choice, but how does it compare to behemoth Intuit when taking credit cards?
The EMV liability shift brought chip cards to the US, requiring a host of credit card processing equipment changes. For those who take payments on-the-go, rest assured that there are chip-compatible smartphone and tablet readers.
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