Top 7 Mobile Point of Sale System & Retail POS for Small Business

Mobile POS register and checkout software simplifies the ordering process on all levels. For customers, they can swipe their cards through proprietary devices, tablets, or smartphones. For store owners, they can track what’s selling and create specials for excess inventory or products that just aren’t moving. For restaurants, the ability to tie ordering and inventory to sales means that a lot less effort goes into calculating how much you will need for the next dinner service, and you can run a leaner operation. In an age where fuel costs are higher, raw materials cost more, and margins are shrinking, the right point of sale software package can add value and profitability even when sales are otherwise flat.

Retail Software

Today’s cloud-based retail software packages make the mobile point of sale system a lot more secure, versatile, and robust. Live updates mean that you don’t end up selling anything that is out of stock. Managers can check inventory and sales levels to better deploy their crews and to make adjustments where necessary. Best of all, sales are tracked with far more detail, and this can make all the difference in the world for food service because you can quickly get a handle on what sells and what doesn’t, so you can eliminate unpopular items while ensuring that ingredients for top sellers are always on hand. For many companies, the simple elimination of waste pays for an MPOS solution many times over.

Complete Sales Anywhere

One key advantage of MPOS software goes back to mobility. You can make sales just about anywhere thanks to the fact that you aren’t tied to a bunch of LAN cables and plugs. Many companies may sell products at conventions, car auctions, golf tournaments, and even in their own parking lots. MPOS means that customers don’t have to trek over to a cash register where every step is an opportunity to lose the sale. The ability to take credit cards where you stand means that you can move more products, or answer the question that makes a sale right in the aisles. During top selling seasons, MPOS systems can let you set up extra checkout lines or run a “pop up” shop inside a mall or any other temporary location.

How Do Mobile Point of Sale Systems Work?

The growth in the Mobile Point of Sale (MPOS) field is expected to skyrocket thanks to the proliferation of tablets iPads, smartphones, and other devices with touchscreens. Software and systems that once cost thousands of dollars are now being provided for free as part of a credit card processing package. Stores ranging from coffee shops to independent retailers are finding that they can simplify ordering and pricing while using advanced tracking and inventory features that were once only available to much bigger companies.

Newer MPOS systems and software are designed around credit card processing features found in devices like Square and Paypal Here. They may be attached to proprietary terminals or added to iPad-based systems that come with accessories like cash register drawers and receipt printers.

Boon to Small Business

Currently, the biggest audience for MPOS growth is small businesses that don’t currently have point of sale systems in place. Small restaurants and the aforementioned coffee shops can easily put their menu items onto such a system, which can include small images of the items that are for sale.

This not only helps customers make a decision but reduces training time for Baristas, who are far too busy going after their doctorate degrees in art history to bother learning the price difference between venti and grande. Graphical User Interfaces are easy to create, and some adaptive software will even re-organize the screen for the most commonly ordered items. From a management stantpoint it is a lot easier to see what items people are ordering and which ones are rarely bought, and this can save big dollars on waste because you can get rid of unpopular items as well as the components that may have been unique to their preparation. Likewise, you can ensure that your best selling items always have their ingredients in stock.

Hidden Costs of Mobile Point of Sale

If you are wondering how a company can just give away a powerful MPOS software package, you don’t need to fret: you are paying for it elsewhere. If your shop is shelling out credit card processing fees in the 2.75% range, then you may be seriously overpaying for payment acceptance. (However, if your shop does not run a lot of credit cards, you are getting the better end of the bargain, but will be out of business in 3 months!) Depending on your growth plans, you may want to invest in a more expensive MPOS solution if you can calculate how the cost of the system and service will scale with your sales projections. An MPOS affiliated with a merchant account may have fees of its own, but over time you can save serious dollars especially if you are in the QSR (Quick Service Restaurant) field or have a great location. Note that not all MPOS software is free, and there may be required maintenance and PCI upgrades to make sure that you don’t become the victim of a credit card breach.

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