Businesses of all sizes, big and small can make use of digitized point of sale (POS) systems. Even if you are running a mom-and-pop grocery store in your street corner, you will be able to benefit a lot with the help of a digital POS system.
A new type of POS system, that small businesses should consider investing in are mobile cash registers. This is a simpler and smaller model of a credit card reader that a business owner can carry around.
A transition to cashless transaction has given rise to the increase in mobile POS systems as well. Retail businesses, especially small and medium businesses operating in the food sector, should invest in mobile card readers to position themselves ahead of their competition. As there is an increase in cashless transactions, only those businesses that have mobile POS systems will survive.
Companies like SumUp, the European leader in mobile credit card readers, have started to introduce affordable versions of mobile POS systems that are geared towards small businesses.
In this article, we will be discussing various reasons as to why small business owners should consider mobile card readers:
Faster Payments:
Mobile POS systems are able to process payments a lot faster, which is beneficial for both the business and the customer. Mobile POS systems can accept credit and debit cards. More modern versions can accept those with EMV chips as well. These payment processing systems are a huge improvement over your traditional electronic cash registers that are able to accept only magnetic cards.
Working without a Physical Card:
Mobile POS systems helps the customers to pay without even having a physical card with them at the moment. There has been an increase in mobile based payments such as Apple Pay and Samsung Pay. There are mPOS systems that small businesses can afford that can readily accept NFC tech.
Customers will be able to simply tap their smartphones using an NFC app while they are near a card reader to complete their transaction process for an order. This is a lot more efficient and convenient for all the parties involved in the transaction. Traditional cash registers can’t even come close to this level of convenience and efficiency offered.
Accepting Wireless Payments:
Mobile POS systems can now accept payments wirelessly as well, with the help of Bluetooth or a plugin system. This is highly advantageous when you consider parameters such as portability.
If you are small businesses engaged in delivering the products directly to your customer, now you can accept a digital payment. Business owners will be able to keep track of their digital payments while eliminating the risks associated with cash handling by the delivery personnel.
Keeping Track of Your Inventory and Gathering Data for Improvement
Mobile POS systems helps in the process of tracking transactions a lot more simple, in par with an advanced in-store POS system. These systems have a lot of inventory management capabilities as well.
Small business owners will be able to gather data during transactions and keep track of their stock without having to fumble with lots of papers. Mobile POS systems eliminate almost every time-consuming stage of your payment process.
mPOS systems are getting more and more affordable. Small business owners should take a leap and make the transition to attract more customers, while getting a leg up on the competition with this tech.
I hope this article was useful for you to learn more about the importance of a mobile point of sale system and how it can help you to improve your business in the long term. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Do you have any other reservations against mobile POS systems? What are the other tools and strategies you use to improve your small business venture? Let us know through the comments.
Article by Vishal
Vishal Gaikar is a professional blogger from Pune, India. If you like this post, you can follow him on Twitter.
