A wide array of POS (Point-of-Sale) Systems exist to fit any type of business, whether it’s large scale with numerous locations or a smaller online venture; here at Revitpay, we’re equipped to fit you with the perfect POS System, that can streamline your operations and simplify how you run your business.

Defining a POS system

Rapidly replacing traditional cash registers, a POS System expedites and manages transactions between a customer and the business. There’s a variety of different POS models which feature accommodations, services, and equipment that a normal register can’t provide. Whether it’s running a POS system on a smartphone or incorporating a self-service system into a McDonald’s, its convenience has furthered its integration into multiple types of businesses.

What makes up a POS system?

A base component of a POS System is the software that runs on it. You’re given access to a front end, where transactions are processed, and the back end which stores the sales figures, analytics, inventory, and any relevant info on your business.

Next up is the hardware. Nowadays, you can use a phone or tablet to process transactions, which smaller-scale businesses can use to operate. But robust POS hardware is a priority for those on a larger scale, like retail stores or restaurants. They provide other equipment such as barcode scanners, receipt printers, card readers, and multiple different add-ons to meet different needs.

Styles of POS systems

Now that we’ve gone over what they are and how they work, let’s look through the specific types of POS systems you can choose from.

1. Self-service kiosk POS

These are personalized to fit the specific industry, like using self-checkout at a convenience store or picking up movie tickets.

All businesses that need to keep up with the pace of their industry, like clinics or grocery stores, often integrate this into their system.

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2. Open-Source POS systems

Incredibly customizable but functionally expensive, an Open-Source system is altered by a team of engineers to create a one-of-a-kind system fitted to a business’s exact specifications.

3. Terminal POS systems

This is what you see behind the counter at the convenience store or grocery store, often bundled together with equipment essential to those businesses, such as cash drawers, or barcode scanners.

These systems can integrate easily depending on a business’s current setup, like communicating with restaurants’ online take-out service, or retail stores’ e-commerce systems.

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4. Multichannel POS systems

Aligning all sales across retail, online, social media, and other storefronts, multi-channel systems are perfect for businesses that are looking to sync their data across multiple platforms.

5. Mobile POS systems

The convenient but secure phone and tablet POS systems are often perfect for mobile businesses that manage a ton of inventory and customer information. From freelance contractors to vendors at the farmers’ market, high-volume independent businesses are a great fit for this setup.

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6. Online point-of-sale system

For businesses with their own hardware looking to upgrade their software, this low-cost solution is perfect for low-volume big-ticket businesses. They can operate without the bells and whistles provided by other systems.

Whether you’re just starting a new business or looking for an upgrade, finding the right POS-System can make or break your business. It’s important to understand these key elements so you can make an informed and proper choice of what you need.

At Revitpay, we can match you up with the POS System that sets your business up for success, without the guesswork or research on your end. Contact us today to find the perfect match for you.