What is a POS System?

POS hardware vendors Malaysia

Ever wonder what are devices being massively used in retail and restaurants right now for quick and easy payments? They are what business owners call a POS system. A point of sale (POS) System is the place where customers make their payments for items or services. It is considered a critical device for purchase due to its fast and easy service. The device can be used in a physical store, where terminals and systems are ready to process card payments, online payments, and many more. 

Presently, POS systems have become interactive and it is easier for customers to place orders, place reservations, and pay their bills without the assistance of employees. 

Most business owners now opt for POS hardware vendors Malaysia for their service. Commonly, businesses and companies set up POS near store exits so that customers would take the ‘bait’ and impulsively make more purchases as they leave. For example, restaurants or retail stores usually place their POS system near product groups, like appliances, apparel, and electronics.  The staff who is in charge of that department can promote the product and guide the clients throughout their decision-making. 

Apart from increasing interest in making more purchases from customers, the POS system also makes it convenient for workers and makes shopping more customer-oriented.

One of the benefits POS systems provide is their fast and easy service which makes it easier for customers to conduct their transactions. As a result, customers’ loyalty increases, and they are likely to come again. Apart from that, the POS system also makes it easy for employees to manage inventory and loyalty programs. 

A few types of POS systems include: 

  • Mobile POS system

Utilized smartphone and tablet POS services for payment processing and manage inventory along with customer information. This type of POS system is suitable for businesses that do not have to manage a lot of inventory and need to move a lot in your store. Some stores that are suitable to use a mobile POS system include street market vendors, event vendors, contract workers, and so on. 

  • Tablet POS system

Tablets such as Android and iPad POS systems have become a trend in restaurants, especially. Some tablet POS systems only need to be paid a low subscription fee monthly. Some businesses that are suitable to use tablet POS systems are quick-service restaurants, juice bars, sandwich shops, art galleries, and so on. 

  • Terminal POS system

A terminal POS system is the one that you commonly see on the counter in stores. Most need access to the internet because it utilizes cloud-based software. Some businesses that are suitable for terminal POS systems are full-service restaurants, busy retail stores, grocery stores, spas, electronic stores, and many more.