What Is A POS Machine by Shaun R Tillby
As customers we've all seen POS machines point of sales machines. These are the machines through which we pay our our bills should it be in a shop restaurant or any business premises we buy our good services. These machines allow business owners to operate a merchant account.
They also serve as more than just a credit or debit card machine. POS machines also act as cash registers assuring the customer he is paying the right amount receiving the correct change should he prefer to pay by cash.
The beauty of POS machines is there simplicity in use. The credit or debit card is swiped the sale authorised. Alternatively the customer can type in his card number once the sale receives approval he signs the receipt. The POS machine makes the running of the business much more efficient saves on time costs. Transactions are completed swiftly the POS machine is also efficient in issuing refunds reports of the day's sales transactions.
One thing which may deter a business from installing a POS machine is the cost. Businesses would do well to look to future balance the benefits of having the machine on their premises as opposed to retaining a traditional cash register. Even if the initial costs do appear too high there are several options open to businesses to allow them to obtain a POS machine.
They can buy a new POS machine. There are also companies selling second hand devices. The other options are to rent a POS machine or lease one. The problem with renting a POS machine is that the fees will rise over time perhaps doubling within five years. On the plus side should your rented POS machine develop a fault your supplier will be forced to replace it.
There could also be fears that the rapid improvement in technology will make POS machines obsolete in a short time making it a complete waste of time. This argument can be countered by the fact that as customer protection remains a high priority the role of the POS machine with the security they offer will remain crucial for many years to come.
On having decided to install a POS machine the next decision to make is what type. Of course cost will be a factor as well as the needs of your business. Dial up POS machines are available that work down the phone line but they can be slow. Depending on your inflow of customers you may wish to plump for a POS machine with a high speed connection.
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